What is Auto-Pay?
Auto-Pay automatically deducts your scheduled loan payments from your linked banking account on the due date.
Benefits include:
- Potential 0.25% interest rate reduction* when enrolled in Auto-Pay and using the Interest Only repayment option
- Reduce the risk of missed payments
- Lower the chance of late fees or collateral action
You may lose the 0.25% interest rate discount* if you unenroll from Auto-Pay during the term.
Important Interest Rate Information:
*Promotional Rate: By connecting your bank account through our instant verification system, you remain eligible for your 0.25% promotional interest rate reduction. You will also have to enroll in Auto-Pay to be fully eligible for the 0.25% promotional interest rate reduction. The 0.25% promotional interest rate reduction is not available for the ‘No Monthly Payment’ repayment option. Please note that you may lose your 0.25% promotional interest rate reduction if you unenroll from Auto-Pay during the loan term.
This promotional rate is subject to credit approval and loan terms. The rate adjustment will be reflected in your final loan agreement. You can change your verification method before finalizing your loan.
