How can I pay off my Personal Loan?
Who is B2 Bank National Association?
What if I cannot pay my monthly installments?
What if I'm late in making a payment?
Can I change my payment due date?
How do I receive my funds?
The funds will be sent directly to your linked bank account via ACH. Please allow up to 5 business days for the funds to arrive.
When will I receive my funds?
Upon approval and completion of the application, it may take up to 5 business days to receive your funds.
How can I pay off my Personal Loan?
You can pay off your Personal Loan by logging into the M1 Android or iOS app, or by going to M1.com and making payments via ACH.
You can also pay off your Personal Loan via check by sending it to the following address:
B2 Bank National Association
PO BOX 706
Buhl, MN 55713
Please make sure your check includes your name, date, and loan id number.
Note: we cannot accept payments by check to our headquarters in Chicago, IL.
B2 Bank NA, Member FDIC, Equal Opportunity Lender
Who is B2 Bank National Association?
B2 Bank National Association, formerly The First National Bank of Buhl, is M1’s banking and loan servicing partner. You can read more about it in this blog post by our CEO, Brian Barnes.
B2 Bank NA, Member FDIC, Equal Opportunity Lender.
What if I cannot pay my monthly installments?
We understand that circumstances can change, and we will do our best to help you get on track, but failure to meet your loan obligations can negatively impact your credit report thus impacting your credit score. We encourage you to contact us to see what your available options are.
What if I’m late in making a payment?
Currently, there are no late fees associated with making a late payment, however, making late payments can impact your credit score and can impact your ability to obtain a new loan with M1. Payments that are 30 days or more past due will be reported to credit agencies. At M1 we encourage financial stability and good financial habits.
Can I change my payment due date?
Regrettably, we do not allow the due date to be altered. Your scheduled monthly payment is autogenerated upon completion of your Personal Loan application.
M1 Plus is an annual membership that confers benefits for products and services offered by M1 Finance LLC, M1 Spend LLC and M1 Digital LLC, each a separate, affiliated, and wholly-owned operating subsidiary of M1 Holdings Inc. “M1” refers to M1 Holdings Inc., and its affiliates.
M1 is a technology company offering a range of financial products and services. “M1” refers to M1 Holdings Inc., and its wholly-owned, separate affiliates M1 Finance LLC, M1 Checking LLC, and M1 Digital LLC.
M1 Personal Loans are furnished byB2 Bank NA, Member FDIC. Equal Opportunity Lender.