Introducing Trovy FixedPay

Introducing Trovy FixedPay

We’re excited to announce the launch of Trovy FixedPay, a new feature available for our Trovy HELOC product that allows our users maximum flexibility to access credit on their own terms.

With Trovy FixedPay, customers can convert any Trovy HELOC transaction or balance (of at least $100) into a fixed-rate installment loan over a repayment term of their choosing.

What Our Users Love About FixedPay

Continuing with our mission to create lending products that flex with the needs of our customers, Trovy FixedPay offers the following features:

• Lock any draw or balance of at least $100 into a fixed-APR installment loan with regular payments
• Select from repayment terms of 1, 5, 10, 15, 20, or 25 years¹

How Our Customers Use FixedPay

For instance, let’s assume you are making improvements to your home office. You purchase a new computer, screens, desk, and shelves. Once the transactions have been posted to your account, you can simply select these transactions within your Trovy account dashboard and convert them into a FixedPay installment loan with repayment terms of 1, 5, 10, 15, 20, or 25 years.

How to Access Your FixedPay

Simply navigate to your Dashboard and do one of the following:

• To convert a single transaction, select “Eligible for FixedPay” next to any eligible transaction, and then choose the plan duration that works best for you.
• To convert a portion or all of your eligible balance, select “Pay In Installments” on your dashboard overview, and seelct the amount and plan duration that works best for you.

To get started with your Trovy HELOC, click the link below: