Typically, loan payments are due on the 15th of each month, with the first loan payment is due on the 15th of the month following your expected disbursement date, as defined in your loan terms. The expected disbursement date is typically 7 days after SALT receives completed loan documents from the member. The disbursement date represents the official loan start date. Interest is compounded daily from the disbursement date.
Disbursement Date: 5/30/2018 First payment is due 6/15/2018
Disbursement Date: 6/01/2018 First payment is due 7/15/2018