Your loan payment comes straight from your paycheck. It works like autopay, but through your employer's payroll system, so the payment happens before the money reaches your bank account.
Payroll-linked direct deposit means your loan payment comes straight from your paycheck. It's like autopay, but through your employer's payroll system.
After your loan is approved, Plannery gives you account details for your loan. You'll enter these into your hospital's HR or payroll system and choose the amount to send each payday. For example, if your monthly payment is $400 and you're paid biweekly, you'd set $200 from each check.
On each payday, that portion of your paycheck is deposited into your Plannery loan account. Payments happen on schedule, without you having to move money manually.
Every deposit goes straight toward your loan balance. Because payments follow your paycheck, you stay on time and avoid late fees or extra interest.
If you switch jobs or your pay schedule changes, you can update your payroll instructions anytime. If there's ever a delay, you can also make a manual payment.
Not all employers support payroll-linked repayment. In those cases, ACH debit from your bank account may be required instead. If that applies to you, your account will show the details, and you can choose whether to set up payroll-linked direct deposit or make your payments via ACH.
Plannery offers a debt consolidation loan built exclusively for healthcare professionals. On average, qualified borrowers save $7,282 in interest, or lower their monthly payment by about $141.Ⓐ
Checking your rate takes under five minutes, costs nothing, and won't affect your credit score.
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