went to Stanfords website to see what type of borrower benefits were available. This is offered from CITI
Amount of loan: $5,500.00
Borrower rewards are incentives that lenders give you for meeting certain criteria. Many lenders offer borrower rewards to encourage borrowers to choose their loan product over competing options. What should I be aware of?
Turn Borrower Rewards On/Off
Check or uncheck a reward to see the effect it may have on the pricing for this loan.
Reward Type Possible Savings
Automatically applied
0.50% interest rate reduction at repayment $204.06
On-time payments
Last 6 payments free when all payments made on-time and minimum aggregate loan balance of $4,500 $473.10
Auto-debit of payments
0.25% interest rate reduction for automatic debit of payments and electronic statements $101.46
