Aberdeen, SD, June 12, 2018 --(PR.com
)-- Introducing the Fixed Hybrid Rate and Auto Pay Discountwww.ihelploan.com
– iHELP has added a new loan option for both private student loans and student loan consolidation. The fixed hybrid rate (FX5) is a 20 year term loan with the interest rate fixed for every 5 years. The new hybrid option was established to meet the demand of private loan borrowers wanting a fixed rate option but also looking for reasonable monthly payment options which is provided by the 20 year term. The FX5 program does not have any prepayment penalties if the borrower pays off the loan early. For all rate information please visit our website www.ihelploan.com.
“A number of students inquire about a fixed rate student loan, and we feel our new fixed hybrid option is a great solution. As always, borrowers will have their choice of flexible repayment options and payments are not required while the student is in school.” – Maria Severeid, Marketing Manager
Additionally, iHELP borrowers are now eligible to receive a 0.25% Auto Pay Interest Rate Discount for payments made via automatic debit. Enrolling is easy and students gain the peace of mind of knowing their payment is made each month.
“The Auto Pay Interest Rate Discount is a great benefit to borrowers as it not only allows them to save money but also can help them build credit by preventing late payments.” – Spencer Aberle, Chief Operating Officer
Based in Aberdeen, South Dakota, iHELP gives students and their families an opportunity to work with a real person, who knows student loan financing inside and out. The iHELP student loan is designed to cover the gap between the cost of education and a financial aid package, generally consisting of scholarships, grants and federal student loans.
If you would like more information about this topic, please contact Maria Sevareid at (605) 622-4507 or email at email@example.com.