Sentences with phrase «fees accrued on the loan»

Not exact matches

For federal student loans, regulations stipulate any extra payment goes first to outstanding fees (like late fees), then to interest accrued since your last payment, and then to the principal of the loan, said Betsy Mayotte, director of consumer outreach and compliance for American Student Assistance, a nonprofit focused on higher education financing.

Payments are first put towards any accrued interest and fees that are due on the loan.

With regards to fees, there is a one - off # 15 default charge for missing the scheduled repayment on a 3 month loan and the daily interest of [daily - interest] keeps accruing until the balance has been cleared.

Loan Interest Charges & Fees: Interest will begin to accrue, with no grace period, on the date advances are posted to your lLoan Interest Charges & Fees: Interest will begin to accrue, with no grace period, on the date advances are posted to your loanloan.

MIP (mortgage insurance premiums): HECM borrowers are charged MIP on an annual basis, however, these fees accrue over time and are paid once the loan is due and payable.

For our student loans, accrued interest capitalizes at the start of the repayment period - since we do not charge fees, and assuming you make all your scheduled payments on time, the repayment period APR will be equal to the interest rate.

Interest accrues on your principal balance (which includes the disbursement check amount plus any applicable loan fees) as soon as the loan is disbursed for Direct Unsubsidized, FFELP Unsubsidized, Direct and FFELP PLUS Loans, and Private Loans.

The fee is accrued daily, the same way that regular interest is accrued on the loan.

When upfront fees are financed into the loan, the borrower will begin with a positive loan balance and interest will begin to accrue on the balance immediately after closing.

The MIP fee of 1.25 percent is added to the note's interest rate and accrues alongside interest expense each month, based on the loan's outstanding balance.

In addition, a judgment may include all accrued fees on top of the remaining balance of the car loan.

Even though they restarted payments prior to completion of my masters degree (which they were not supposed to do), I offered to pay all fees and accrued interest on top of bringing the loan current, if they'd clear the past due payments from my credit.

If the borrower can't pay the loan off right away, they can extend the loan, but fees continue to accrue bi-weekly or monthly, depending on the loan terms.

MIP (mortgage insurance premiums): HECM borrowers are charged MIP on an annual basis, however, these fees accrue over time and are paid once the loan is due and payable.

The MIP fee of 1.25 percent is added to the note's interest rate and accrues alongside interest expense each month, based on the loan's outstanding balance.

Fees that accrue over the life of the loan include MIP equal to 1.25 percent of the outstanding loan balance; interest expense, calculated on the outstanding loan balance; and a servicing fee, generally $ 30 to $ 35 per month (servicing fees may be negotiabFees that accrue over the life of the loan include MIP equal to 1.25 percent of the outstanding loan balance; interest expense, calculated on the outstanding loan balance; and a servicing fee, generally $ 30 to $ 35 per month (servicing fees may be negotiabfees may be negotiable).

When upfront fees are financed into the loan, the borrower will begin with a positive loan balance and interest will begin to accrue on the balance immediately after closing.