What about the interest on my loan during that 120 Days of No Payment?
The interest charges will accrue from the date of disbursement.
Can anyone get a loan with 120 Days No Payment?
You must meet the credit union criteria for loan approvals and payment deferment. The credit union has policies established by the Board of Directors for determining a member’s credit worthiness for approval. All loans are reviewed locally by the credit union.
What is the fine print for 120 Days No Payment?
All Credit Union loan promotions, rates, terms and conditions are subject to change at any time without notice. Mortgage, home equities, credit card, and line of credit loans are not eligible for this promotion. Promotion cannot be used to re-finance a current Compass Credit Union loan.