If you have a Kroo Current Account

If you are a Kroo Current Account holder, we'll pay your Kroo loan into your Kroo Current Account. 

All loan repayments are taken from your Kroo Current Account - this means you must keep your Kroo Current Account open until your loan is repaid in full. We are unable to change this to an external Personal Current Account.

If you do not have a Kroo Current Account

You no longer need to open a Kroo Current Account to take a Kroo Loan.

During your loan application journey you will nominate your main Personal Current Account to verify your income during open banking. This must be an unrestricted Personal Current Account in your own name only. This account will be the account your Kroo loan is paid into and the same account loan repayments will be collected from by Direct Debit.

You can learn more about loan management and repayments here.