Yes, eligible borrowers can combine multiple rate benefits across different stages of repayment. The table below outlines how each discount applies, its impact on your rate, and how they stack together:
Benefit |
Timing |
Rate Impact | How It Works |
| Origination Fee (Optional) | Selected during application & finalized when signing loan agreement | Lowers base fixed rate | Opting into the origination fee reduces your starting interest rate for the life of your loan. |
| Auto Pay Discount | Selected at signing or anytime during repayment | 0.25% rate discount as long as it is enabled | Applied automatically when you enroll in recurring automatic payments. |
| Rate Drop Reward | Earned during repayment as each milestone and payment criteria is reached | Up to 0.75% rate reduction | Applied in 0.25% increments as you pay down 25%, 50%, and 75% of your loan principal while keeping your account in good standing |
These benefits can work together to maximize your savings: select the optional origination fee to lower your starting interest rate, get an automatic 0.25% discount while enrolled in Auto Pay, and reduce your rate by up to an additional 0.75% through on-time payments at designated balance milestones.
Important Details to Keep in Mind
- Existing Clients: Returning Earnest borrowers receive a streamlined application with pre-filled details, but rates are personalized based on individual credit profiles rather than a separate loyalty discount.
- Maintaining Discounts: Auto Pay requires an active automatic payment method on file. Payment progress discounts require keeping your loan current and in good standing (a late payment resets the 12 consecutive on-time payment requirement).
- Fee Availability: The optional origination fee is subject to state eligibility regulations.
If you have questions about your loan terms or current rate, sign in to your Earnest Account or click "Get In Touch" below to connect with our Client Happiness Team.