How Rapid Loan Payoff Works
We have helped hundreds of thousands of our members save tens of millions of dollars in interest that they would have otherwise paid to the bank. When you take advantage of AutoPayPlus™, a rapid loan payoff solution, you can meet your financial objectives faster.
There are no gimmicks, it's just good math.
Standard loans require one payment every month. With the AutoPayPlus™ bi-weekly service, half
of the loan amount is automatically withdrawn from your account every two weeks*. Over a
year, there are two extra half-payments. About every 6 months, we make a
payment to your principal balance from the extra half-payments.
When you enroll in AutoPayPlus™, you sign up for the convenience and peace of mind in knowing your payments will be made on-time and applied correctly.
*See Terms & Conditions for actual payment schedules as lenders vary.
A 30-year fixed interest mortgage on a $250,000 home at 4% interest will be paid off
68 months early with a savings of more than $63,000 in interest. That's real money.
AutoPayPlus™ has a payment plan to match your pay cycle and your needs.
Payments are electronically withdrawn every two weeks for a total of 26 half-payments each year. This gives you one extra payment toward the principal balance
each year and can save you thousands in the long term on interest.
Payments are electronically withdrawn once a week for a total of 26 half-payments each year. This schedule creates one extra payment toward the principal
balance each year and provides the same savings in term and interest as the biweekly
Payments are withdrawn on two fixed dates in a month for a total of 24 payments. In order to see savings in interest and term, this plan requires that the debit amount is more
than a half-payment. Our team can help you customize a plan to meet your financial
One payment is withdrawn per month for a total of 12 payments. In order to pay off your loan faster, this plan requires a debit amount that is more than loan payment amount. Our team can help you customize a plan to meet your financial objectives.