Make a Loan Payment

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.

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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.

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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.

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Pay on-the-go with Mobile 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.

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Make a one-time payment from another institution

Make a one-time payment from a non-People's United Bank personal or business checking account.

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Request a loan payoff quote for your People’s United Bank loan

A payoff quote shows the remaining balance on your mortgage loan, including the outstanding principal balance, accrued interest, late charges/fees and any other amounts owed.

Other forms of payment

1 Your payment is considered effective on the date it's received, and payments made on a weekend or federal holiday will be processed on the next business day.

For Express Mail: People's United Bank, Lockbox - PUB LOANS 205, 629 Putney Road, Brattleboro, VT 05301

Frequently Asked Questions
All
Loan Payments

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.

To setup a transfer, you must:

1. Log in to your People's United Bank online banking account.

2. Select Transfer from top menu.

3. Follow the set up prompts. Click ‘Continue'

Unfortunately, No. you can only transfer to loans held at People's United Bank.

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.

A loan must be current in payment in order to accept principal only payments.

This service is currently not available for Certificate of Deposit, Loan or Brokerage accounts.

Loan Payoff

The Estimated Payoff displays the estimated amount needed to pay the loan in full including fees, charges and accrued interest from the last payment through the estimated payoff date.

The good through date is the date by which you intend to pay off the loan. The estimate will include the unpaid principal balance and interest accrued, and any outstanding fees and charges.

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). 

For each day after the Estimated Payoff Good Through Date, add the Daily Accrual interest amount to the estimated Total Payoff amount through the date that funds will be received by People's United.

The quote is accurate only if no transactions occur on the loan since the date the payoff statement was prepared. For example – loan payments, escrow account disbursements, etc.

Please send loan payoff payments to:

US Postal Service Mail
People's United Bank, N.A.
Loan Servicing Department
P.O. Box 820
Burlington, VT 05402

UPS/Fedx Overnight Mail
People's United Bank, N.A.
Loan Servicing Department
Building 863
422 IBM Road
Williston, VT 05495

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.

Please call 1-800-525-1006 with questions about your loan, Monday through Friday 8 am to 6 pm and Saturday 9 am to 4 pm.

Having trouble making payments?

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.

Application for foreclosure alternative

Form 4506-T Request for Transcript of Tax Return

* Restrictions apply

Contact Us: 1-800-463-0416

1—Dial by extension
2—Mortgage/Home Equity
3—Vehicle/Recreational
4—Personal Credit Line/Overdraft
5—Business Credit Card
6—All Other Calls

Disclaimers

Apple, the Apple logo, iPhone and Passbook are trademarks of Apple, Inc., registered in the U.S. and other countries. Apple Pay, Touch ID and Apple Watch are trademarks of Apple Inc.

Samsung, Samsung Pay, Galaxy S (and other device names) and Samsung Knox are trademarks or registered trademarks of Samsung Electronics Co., Ltd.

© 2021 People's United Bank, N.A. | Member FDIC | Equal Housing Lender icon Equal Housing Lender