Sentences with phrase «monthly loan disbursement»

Not exact matches

«While we were trying to come up with the necessary procedures, Governor Ambode kept telling us to hurry up to start disbursing the loans to residents which signified his good intention and he has also given us the mandate to make the disbursement a monthly affair to make the fund get to as many residents as possible,» Omoigui - Okauru said.

If the loan is separated into multiple disbursements, monthly payments will commence 30 — 45 days after the final disbursement is made to the school.

The payment examples below assume the APR, monthly payment and total payments that would apply to a $ 100,000 private loan that is made at the end of the residency period in a single disbursement.

Instead, some of the equity in your home is first used to pay off any existing mortgages, and the remaining loan amount is converted to non-taxed cash that you may receive in a lump sum, a monthly disbursement, or a line of credit.

The APR range shown assumes the APR, monthly payment and total payments that would apply to a loan that is made at the end of the residency period in a single disbursement.

1 APR, projected monthly payments, and total cost of loan examples are based on a $ 10,000 loan disbursed in one disbursement with either 5 — year, 10 — year, 15 — year or 20 — year repayment.

Unlike the HECM, funds from a proprietary reverse mortgage loan are not available in multiple options of disbursement, like a monthly payment or line of credit.

Flexible disbursement options — Loan proceeds can be collected as a lump sum (fixed - rate only), a line of credit to be drawn upon as needed2, a monthly payment for a set period of time or as long as you live in the home, or a combination of these options.

HECM line of credit loans provide a number of disbursement options, including a draw on the line of credit at closing, monthly payments, or full access to your line of credit when you need it.

5This informational repayment example uses typical loan terms for a parent borrower who selects the Full Principal & Interest Repayment Option with a 10 - year repayment term, has a $ 10,000 loan that is disbursed in one disbursement and a 6.83 % fixed Annual Percentage Rate («APR»): 120 monthly payments of $ 114.82 while in the repayment period, for a total amount of payments of $ 13,778.89.

3This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8 - year repayment term, has a $ 10,000 loan that is disbursed in one disbursement and a 6.5 % variable Annual Percentage Rate («APR»): 54 monthly payments of $ 25 while in school, followed by 96 monthly payments of $ 154.95 while in the repayment period, for a total amount of payments of $ 16,224.78.

Intended to be a one - time disbursement of funds for a specific purpose, Heartland's personal unsecured loans provide the convenience and security of a specified term with fixed monthly payments.

The final disbursement of loans that require monthly principal and interest payments while the student is enrolled in school and that have more than one disbursement.

The final disbursement of loans that require monthly principal and interest payments while the borrower is enrolled in school and that have more than one disbursement.

Once the loan is approved, borrowers have four disbursement options — lump sum, monthly payments, credit line or a combination of the three.

This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with an 8 - year repayment term, has a $ 10,000 loan that is disbursed in one disbursement and a 7 % variable Annual Percentage Rate («APR»): 96 monthly payments of $ 179.28 while in the repayment period, for a total amount of payments of $ 17,211.20.

These disclosures would include an estimate of the total loan disbursement, the final repayment amount, and a monthly payment calculation after graduation.

With immediate repayment, you start making monthly payments on the principal and interest within 30 to 60 days of your loan disbursement.

The following examples illustrate three hypothetical first year single disbursement undergraduate student loans in the amount of $ 10,000, with a 0.25 % Automatic Debit Discount during periods in which payments are made, including (i) the Annual Percentage Rate (APR), (ii) estimated monthly payments, and (iii) total cost during the life of the private loan.

Unlike the HECM, funds from a proprietary reverse mortgage loan are not available in multiple options of disbursement, like a monthly payment or line of credit.