Sentences with phrase «automated monthly loan payments»
Lenders may offer an interest rate reduction for setting up automated monthly loan payments.
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An automated payment (or ACH) is a regular, ongoing payment that is initiated externally to your bank account, such as a monthly insurance bill, utility payment or automobile loan payment.
The 0.25 % auto - pay interest rate reduction applies as long as the borrower or cosigner, if applicable, enrolls in auto - pay and authorizes our loan servicer to automatically deduct your monthly payments from a valid bank account via Automated Clearing House («ACH»).