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How do I pay off my loan?
How do I pay off my loan?
Updated over a week ago

View Remaining Balance:

  1. Proceed to your Tenet Dashboard and click on "VIEW LOAN DETAILS".

  2. See "Remaining Balance".

Request a Payoff Quote:

  1. Proceed to your Tenet Dashboard and click on "VIEW LOAN DETAILS".

  2. Scroll down and click on "Get payoff quote".

  3. A new tab will open with your 2 Week Payoff Quote, where you can view and Download as a PDF.

A 2 Week Payoff Quote shows the amount needed to pay off your loan in full, even after it accrues 14 additional days of interest. Paying this amount ensures that your loan is paid in full even if it takes several days for your payment to arrive.

You can pay off your loan via any of the following methods:

  • ACH: Make a one-time ACH payment for the full payoff amount via your Tenet Dashboard or to the account listed on your Payoff Quote.

    • To make a payment towards your Loans Principal, mark off "Apply this payment to my remaining principal balance".

  • Wire/ACH: Send us a Wire or ACH directly from your Bank Dashboard for the full payoff amount to the account listed on your Payoff Quote.

  • Check: Please mail standard & overnight payoffs for the full amount and ensure that it arrives within 14 days of the Payoff Quote being received.

Note: It may take up to 7 business days to process the payoff via ACH or Wire, or a few business weeks for us to process a Payoff Check (Please provide Tracking Number) Please continue to make regular monthly payments with us until we have confirmed that the loan has been paid off in its entirety. Once paid off, we will release the lien on the title to the appropriate party based on the payoff instructions. Any payments made in excess of the payoff amount will be refunded to you.

Are there any penalties for early payments?

No penalties with Tenet! If you pay off your Loan early with Tenet, you will only pay the remaining principal plus the interest since your last monthly payment at the time.


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