Premium Loans are billed at either a $3 per month (billed once, at loan start) rate or a $6 per month (billed monthly) rate for each month that a loan remains active on Pigeon.
Monthly billing will continue through the last month of the loan duration, or until the loan is fully repaid or forgiven.
In the event both parties agree to extend a Premium Loan before or after it expires, the additional months will be billed to the same individual at the same rate as the original loan ($3 per month billed at loan extension, $6 per month billed monthly).