Make principal only payments

Think Online enables you to make principal only payments to your loans. You can send a one-time payment or schedule recurring payments on the date of your choice.

Mobile App

To set up a transfer, click on the "Transfer" menu option. Then choose a loan account to transfer to, and enter an amount. Select "More Options" and change the "Type" to "Principal." Then initiate your transfer.

Desktop

To set up a transfer, click on the "Move money" menu option and select "Transfer." Choose a loan account to transfer to and enter an amount. Select "More Options" and change the "Type" to "Principal." Then initiate your transfer.


Note: The principal only payment option is not available if your monthly payment is past due.