Pay your loan quickly and conveniently by choosing which way to make your payment.
Pay your loan online, or on-the-go
People's United Bank is here to help you make your loan payments on time1, every time. With Online Banking or our Mobile Banking app, you can make your loan or mortgage payment easily and securely.
Make a one-time payment through Online Banking
Pay your loan online from your People's United Bank checking account. With secure 24/7 online banking access, you can bank when you want, where you want. Log in to check account balances, transfer money, monitor spending and more.
Schedule automatic monthly payments using Online Bill Pay
Pay bills, schedule payments and get reminders so you never miss a payment. Setting up your payees is as easy as 1-2-3. You can also establish autopay rules, enroll in eBills and schedule payments. To get started, you need a People's United personal checking account and be enrolled in Online Banking.
Pay your loan by transferring funds directly into your account, right from your mobile device. It's secure and convenient. Download our app today so you can bank on-the-go. Deposit checks, protect your debit card, and more.
Yes, Internal Transfers made to your eligible People's United deposit or loan account before 11:00 pm Eastern Time on a Business Day will begin processing the same Business Day. If the internal transfer is made on a weekend, bank holiday or after the close of a Business Day then it will be posted on the next Business Day.
The option to transfer funds towards the principal is only available when setting up a ‘Once, Now Transfer’. You can continue to setup a recurring transfer, but will not have the option to directly apply funds towards the principal.
The daily interest amount, also known as “per diem”, is calculated by multiplying the current principal balance by the interest rate, and dividing the result by 360 — or the actual number of days in a year (depending on the loan type).
Same day transfers should be made before 7:00 p.m. ET, Monday through Friday. If the transfer is made on a weekend or holiday – or after the close of a business day – then it will be posted on the next business day.
If you're finding it difficult to make your payments due to an eligible financial hardship, Borrower Assistance programs are available. Talk with us about loan modification programs. There may be options* to help you if you're unable to keep up with monthly payments due to unemployment, illness or injury, divorce, declining property values, and more.