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Migration Loans:
Minimum and maximum period for repayment
🔘 Migration support loan: 3month - 12months
🔘 International Student loan: 6months - 10years
🔘 Proof of fund: 30days
Maximum Annual Percentage Rate (APR)
🔘 Migration support loan: The interest rate is 8% on a reducing balance and attracts one off payments of 2% insurance fees and 3% management fees respectively.
🔘 International Student loan: 12% - 14.68% PA (APR variable)
🔘 Proof of fund: 3.5% - 6% monthly rate
A representative example of the total cost of the loan,
Proof of fund:
20,000,000 Principal
Duration: 30days
3.5% on new account = 700,000
6% on new account = 1,200,000
ଗତ ଅପଡେଟର ସମୟ
ନଭେମ୍ବର 14, 2024