Citi Benefits Handbook
Repaying Your Loan if You Leave the Company
For loans made on or after January 1, 2015, if your employment is terminated, you can continue to make monthly loan payments by cashier's check, certified check or money order or, subject to a one-time $25 processing fee, by direct debit from your checking or savings account provided that:
- Your Plan account balance is greater than $5,000 upon termination of employment; and
- Your loan end date is 90 or more days after your termination of employment date.
If you are on disability leave without pay or an unpaid leave of absence other than disability leave you can continue to make monthly loan payments through cashier's check, certified check or money order.
Payments are due by the last business day of the month. If you die, the loan will become taxable to your estate.