Rate Reduction Program
Pay Right Rewards
Beneficial wants to reward good customers. That's why we offer Pay Right Rewards,* our rate reduction program. Here's how it works:
- When you take a home loan with us, you choose the Pay Right Rewards rate reduction option.
- You pay us on time 12 months in a row.†
- We lower your interest rate.
And, the next time you make 12 consecutive on-time payments, we lower your interest rate again. You repeat, we repeat…up to 10 times, until your interest rate reductions reach the full benefit amount (depending upon the specific Pay Right Rewards program you qualify for based on your credit and your state).
Lower Monthly Mortgage Payments, Total Savings
Lower interest rates mean lower monthly loan payments…and savings on the total loan. That's a great incentive to take control of your budget. Your on-time payments will reflect well on you—and your credit report.
Lower Interest Rate, No Matter What
Once you earn a lower rate, it's yours, even if a payment is late afterward. When you get back on track and make the required number of consecutive on-time payments, you'll earn another rate reduction.
Request a Home Loan
Trust your home loan to Beneficial. We are proud to offer sensible homeowner loans. We have been doing so for more than 100 years. And we are right in your neighborhood.
A Beneficial account executive ready to discuss your options will contact you within two business days.