Study Loan Agreement

The housing assistance loan is not available to part-time students eligible for the student loan are not offered. The loan to the NEI is sustainable for the duration of the study. Depending on the estimated level of resources, one or more of the following types of loans are offered to an eligible applicant: repayment can be made in a lump sum or fixed monthly (at least $100 per month). The maximum repayment period is 5 years for interest-free loans and up to 20 years for interest-bearing loans. The calculation of the interest rate on interest-bearing loans is deferred on the basis of the average average rate of DBS, OCBC and UOB after graduation. All borrowers (students) are required to submit a copy of the study credit contract. Both the borrower and the guarantor must sign the contract at the branch with the staff of the subsidiary as a witness. If the guarantor is abroad, he/she will sign in the presence of a notary and will not be present at the subsidiary during the signing. This is your contract with the Crown under the student loan program to obtain and repay a student loan. The objective of this program is to provide financial assistance to students who participate in recognized courses and programs with higher education institutions in New Zealand. Frequently asked questions about the suspension of repayment and interest determination of the state loan Signing the contract does not mean that they are responsible for the loan and repayment, but only that they agree that you receive it. Notary: an official authorized by federal or local authorities to certify and certify certain documents by his hand and his official seal.

Some lawyers are appointed notaries by their governments. Only lawyers designated as public notaries are acceptable as witnesses to the signing of the NEI student credit contract as a witness. Remember that borrowing is a big decision. You have to pay it back, so borrow what you need. Please note that students with Quebec loans that do not give the university the opportunity to sign a university fee payment are not eligible for this extension. Once your loan application is approved, the contract becomes mandatory, which means we can enforce it by law. This can also be used by Inland Revenue to collect your student credit debts. 3In addition to 1% borrowing interest per month on the outstanding loan are calculated if you do not start paying a minimum of 100 S- 100 per month within 6 months of closing the payments. Repayment period of up to 20 years for an interest-bearing loan or up to 5 years for an interest-free loan One of your parents must sign the contract to show that they are willing to get a loan: Note: Students who read the programs with the Competitor Degree are not entitled to the loan as soon as they are charged a tuition fee for higher education graduates. Proof of residence address may be required if the address of residence on your identity document differs from the SL agreement. The details of this loan agreement may change from time to time, as required by law.

If there is a conflict between that treaty and the law, the law is in place. Students can use their PSEA credits to repay their loan after graduation. To apply and learn more about the program, click here. Please note that the application form must be submitted directly to MOE. This contract explains how your student loan works. By signing, you agree that you are responsible for the repayment of the loan. If all the conditions of the financial assistance offer are satisfactorily met, the credits are credited twice a year by the student`s account tax office during the September and February semesters of each year.