Sign up
for automatic loan payments from your connected checking account and you can save as much as 0.25 % off the interest rate of your loan.
This provides you with fast access to the money you need and usually allows you to set up
automatic loan payments at the same time.
* Special Loan Discounts —
Automatic Loan Payment Offer Customers with any personal Webster Checking Account are eligible to receive an automatic payment rate discount on Home Equity Loans and Lines, Mortgages and Personal Loans.
In most cases, this happens when you've written a postdated check
for automatic loan payment but the associated account doesn't have enough funds to cover the entire loan and the bank declines the transaction.
It's simple and free to set up
automatic loan payments for any Tower loan.
Additionally, if the account does not maintain
the automatic loan payment and direct deposit, then the rate will increase to the above rates plus 5 percentage points.
Customers who sign up for
an Automatic Loan Payment (ACH) from their Webster Personal Checking Account are eligible to receive a rate discount on Home Equity Lines.
Customers who sign up for
an Automatic Loan Payment (ACH) from their Webster Checking Account are eligible to receive a rate discount on Home Equity Loans.
You can even earn a discount on your interest rate when you set up
automatic loan payments from your Santander Bank checking account.
An advantage to setting up
automatic loan payments is that most loan servicers offer a 0.25 % discount.
Use
the Automatic Loan Payment Form in your coupon book to get started, or call the Loan Servicing Department at 888-245-2530.