Bank of America Auto Loan Deferment | Steps & other important details

Bank of America is now letting the customers to defer the auto loan payments because of the financial crisis. All those users who are not able to manage for the loan installments can take the advantage. This article will hep you to follow the steps to defer your EMI and pay it later.

Bank of America Auto Loan Deferment
Bank of America Auto Loan Deferment

Bank of America Auto Loan Deferment

With the Bank of America Auto loan deferment program, the customers can opt to postpone their loan payments. Government & management understand the situation and hence they are giving the privilege.

Steps to Defer Auto Loan payments :

  1. Click here to visit the special official website for Auto loan deferment.
  2. Now click on the “ Request Payment Deferral”.
  3. On the new web page, enter your “Online ID” & “passcode”.
  4. Now fill the basic details and proceed to submit the request.
  5. That’s it.

FAQs

Modes available to defer the payments

  1. Online request.
  2. Telephone Call.

How much months can one defer up the payment for ?

The privilege is there for 30, 60 or 90 days, depending on the bank. This time will vary from customer to customer. You can call up and discuss for user specific detail.

Important

In case you have any query or concern, you may get in touch with the support team. It is important to note that you should never share your password with any support team.

Also Read : How loan provides may charge you more. Read this to save your money.

Disclaimer : This article is intended to guide the audience to safely browse the Internet. This is not official website of Bank of America.