Great question. Your repayment period starts approximately 30 days from when your funds have been disbursed. After your loan is funded, your final disclosure will include the first payment due date. You can also check your first billing statement to confirm this date.
- Fixed-Rate Loan: The first payment due date will be approximately 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.
- Variable-Rate Loan: If you have selected a Variable-Rate Personal Loan your due date will ALWAYS be the 10th of every month.