During a No Interest If Paid In Full promotional period, interest is "deferred." This means it is calculated from the start but not charged to the patient unless they hold a remaining principal balance when the promo term ends.
How it Works
Principal Payments: Every payment a patient makes during the promotional window goes directly toward reducing the original transaction amount (the principal).
Interest Calculation: Interest is calculated based on the original transaction amount.
The "Paid In Full" Requirement: If the patient pays off the entire principal balance before the promotional expiration date, all deferred interest is waived.
What Happens if a Balance Remains?
If the account is not paid in full by the end of the promotional period:
The deferred interest—calculated from the very start of the transaction—is added to the patient's remaining balance.
The patient will then be responsible for both the remaining principal and the accumulated interest.
Their monthly payments will reflect the re-amortized balance
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