These conditions and terms describe the eligibility and policies for the attention price decrease from the interest-only payment choice. “You” describes the consumer. “We” relates to 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 get the Auto Debit Reward, while signed up for the Auto Debit payment system for the agreed payment that is in-school throughout the in-school and elegance periods. Whole interest and principal re payments is likely to be debited if the loan gets in the Repayment Period, as defined within the Promissory Note. See Auto Debit Reward conditions and terms below for eligibility and enrollment information.

Interest-Only Repayment Choice Rate Of Interest Discount

You are going to get mortgage loan discount (0.35%) if, through the application procedure, you selected the interest-only payment choice while making interest-only re re payments through the in-school and grace 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