What is the process for repaying a loan?
A loan is generally repaid via payroll deduction. However, if you transfer to another participating location, or if you are on an Employer Approved Leave of Absence you may need to write a check to make the loan payment until you are again able to have the payment withdrawn from your paycheck. If you are transferring between employers, you will need to notify the payroll person / department of your outstanding loan and the repayment amount so they can restart your loan repayment.
Related Questions
- I’ve heard many lenders who claim their loan process to be fast and easy, but that rarely proves to be the case. How will a solar loan from Help-U-Solar be different?
- I currently have a construction loan in process and I have submitted a draw request, or am about to submit a draw request. What is going to happen to my request?
- What is the process for repaying a loan?
