Great question. Your repayment period does not begin until your funds have been disbursed.
- Fixed-Rate Loan: The first payment due date will be exactly 30 days after your disbursement date. However, If your assigned due date is going to fall on, or between the 26th and the 4th, the assigned due date will be made the 5th of the following month. Once your loan funds your final disclosure will contain the first due date. You can also refer to your first billing statement for confirmation of the first payment due date.
- Variable-Rate Loan: If you have selected a Variable-Rate Personal Loan your due date will ALWAYS be the 10th of every month. Once your loan funds your final disclosure will contain the first due date. You can also refer to your first billing statement for confirmation of the first payment due date.