These conditions and terms describe the eligibility and policies for the attention price decrease linked to the interest-only payment choice. “You” is the client. “We” identifies Discover Bank.
Note: you are also eligible for the Auto Debit Reward if you choose an in-school repayment loan option during the application process. You are able to have the Auto Debit Reward, while signed up for the Auto Debit payment system for the agreed in-school payment quantity through the in-school and elegance periods. Full principal and interest re payments should be debited as soon as the loan gets in the Repayment Period, as defined when you look at the Promissory Note. See Auto Debit Reward conditions and terms below for enrollment and eligibility information.
Interest-Only Repayment Choice Rate Of Interest Discount
You are going to get mortgage loan discount (0.35%) if, through the application process, you selected the repayment that is interest-only while making interest-only payments through the in-school and elegance durations. You must be enrolled in school at least half-time at the time you submit your application to be eligible for the interest-only repayment option and discount if you are applying for a Bar Exam or Residency loan. Continue reading “Interest-Only Repayment Choice Rate Discount Conditions And Terms”