Do you want to pay a bill on one of your outstanding loans? It is now possible to release the funds available on your loan directly in BILnet (for example, to pay an invoice, for cash advances). Go to your loan details screen, click on “Release funds” and send the payment request. The transfer can be made either directly to the account of a provider, to pay an invoice, or to top up a current account.

In the case of fixed-rate loans (home loan or personal loan), a disbursement account is visible in BILnet and is used to disburse funds. If you want to release funds, you will need to select the loan and not this disbursement account. Then go to the loan details screen to use the funds. However, the disbursement account is still the account that will be debited.

Once the transaction has been signed, you will be asked to upload supporting documents (up to five invoices) proving that the funds will be used in accordance with the terms and conditions of your loan agreement. No supporting documents are required for student loans.

You will be notified by secure messaging once the payment has been validated and recorded by the BIL teams.