The cost depends on the level of coverage you choose and whether the protection is for a single borrower or joint borrowers. Rates are calculated per $1,000 of your loan balance and are included in your monthly loan payment. Monthly costs may increase or decrease depending on changes in your outstanding loan balance.

Example:
If you take out a $10,000 personal loan and choose Platinum coverage for a single borrower, the estimated monthly cost would start at $24.80. This is calculated by multiplying the Platinum single rate ($2.48 per $1,000) by the loan balance. Actual costs may vary as your loan balance changes.