Money will be deducted from your check each pay period and deposited in your savings account. On the 15 th and the last day of the month, your loan payment will be deducted from your savings account. Using payroll deduction does not guarantee a loan will be approved. Yes and can be prepaid at any time. Our credit life and credit disability insurance helps you weather your financial storms by paying off your loan if you die or making the monthly payments on your loan if you become disable.
Coverage begins right away for qualified borrowers.
Benefits are payable in addition to other coverage. You pay for only the amount of coverage you need to cover your loan balance. Easy to purchase. Enrollment is a convenient part of the loan process. No medical exam is required.