Re:Ask HN: How are good borrowers rewarded in your country?
by xoptions on Saturday January 16, 2021 @06:30AM
(#25801605)
There is First Republic Bank that rewards edu loan repayments. If you close it early then it rewards you with cash as a percentage of interest that were yet to be paid. It believes that it will earn more from the customer in its lifetime.
e.g. if you repay a 10 year loan in 4 years. You will be rewarded with cash as a percentage of interest that were yet to be paid in next 6 years.
e.g. if you repay a 10 year loan in 4 years. You will be rewarded with cash as a percentage of interest that were yet to be paid in next 6 years.