VM's full line of loan products with No Clawback will adopt a phased approach to adjusting the current clawback arrangements.
Phase 1:
From 1st March 2025 to 30th June 2025
Effective 1st March 2025, we will transition from the current "no clawback" position to a 100% clawback for loans discharged within six months.
Phase 2:
From 1st July 2025 onwards
For settlements from 1st July 2025 onwards, clawback arrangements will revert to their original terms.
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