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What are interest rate discounts or borrower discounts?

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What are interest rate discounts or borrower discounts?

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Often called “incentives” or “borrower benefits”, discounts are earned rate decreases. At University Loan Relief, we provide a 0.25%rate decrease if you apply for auto-debit payment. We also offer a 1.00%rate decrease if you make your initial 36 continuous monthly payments on-time and maintain a current account.

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