Answers
Nov 16, 2022 - 08:29 AM
This depends entirely on the type of loan you take. You can find out how long it will take to repay from the organization. The conditions differ from one loan to another.
Jan 08, 2023 - 07:43 AM
It depends on a number of factors to be made know below.
Just as every loan must be originated by an application, the terms and conditions of the loan MUST be documented in the loan offer document. The loan purpose, loan amount, the interest rate percentage and the processing fees and charges, the repayment mode and amount, the start date of repayment, and the default interest etc are all loan terms and conditions that MUST be documented and endorsed by the borrower (the student) and the loan provider. The tenor of the loan is the period in which the loan is going to be utilised. It can be for few months, or years. This is going to be determined at the inception of the loan. Lenders have various interest rates for different loan amounts with a specified tenors. The lender you use, the amount of loan you book and the numbers of years your program will take before completion will all be a determining factor in deciding when, how and the amount to repay on a schedule periodic basis called installment. The following 8B Loan Marketplace's link will be of help to you_
Just as every loan must be originated by an application, the terms and conditions of the loan MUST be documented in the loan offer document. The loan purpose, loan amount, the interest rate percentage and the processing fees and charges, the repayment mode and amount, the start date of repayment, and the default interest etc are all loan terms and conditions that MUST be documented and endorsed by the borrower (the student) and the loan provider. The tenor of the loan is the period in which the loan is going to be utilised. It can be for few months, or years. This is going to be determined at the inception of the loan. Lenders have various interest rates for different loan amounts with a specified tenors. The lender you use, the amount of loan you book and the numbers of years your program will take before completion will all be a determining factor in deciding when, how and the amount to repay on a schedule periodic basis called installment. The following 8B Loan Marketplace's link will be of help to you_
Add New Comment