Sentences with phrase «upon loan repayment terms»

Not exact matches

While refinancing federal or private student loan debt helps streamline the loan repayment process, borrowers are required to repay the loan based on the terms agreed upon at the time the funds are received.

The variable interest rate and Annual Percentage Rate (APR) depend upon (a) the student's and cosigner's (if applicable) credit histories, (b) the repayment option and loan term selected, and (c) the requested loan amount and other information provided on the online loan application.

The real opportunity to accelerate your loan repayment comes with the stipend you receive upon completing your Peace Corps term (usually 27 months).

Commercial loan repayment terms tend to max out at seven years for most loans with interest rates that will also vary depending upon the lender, your credit profile, and the amount borrower.

12 Payment examples (all assume a 45 - month deferment period, a six month grace period before entering repayment and a.25 % interest rate discount for making ACH payments upon entering repayment (see footnote 3)-RRB-: 5 year term: $ 10,000 loan disbursed over two transactions with interest only repayment, a 5 - year repayment term (60 months), and a 6.767 % APR would result in a monthly principal and interest payment of $ 196.13; 7 year term: $ 10,000 loan disbursed over two transactions with interest only repayment, a 7 - year repayment term (84 months), and a 7.100 % APR would result in a monthly principal and interest payment of $ 150.68; 10 year term: $ 10,000 loan disbursed over two transactions with interest only repayment, a 10 - year repayment term (120 months), and a 7.381 % APR would result in a monthly principal and interest payment of $ 117.40.

Interest rates and APRs (Annual Percentage Rates) depend upon (1) the student's and cosigner's (if applicable) credit histories, (2) the repayment option and repayment term selected, (3) the requested loan amount and (4) other information provided on the online loan application.

During repayment, also usually between five to 10 years, you must make a combination of principal and interest payments to have your loan paid off by the end of your agreed upon term.

Partially - amortizing loans (or balloon mortgages as otherwise referred to) as the term implies, call for partial repayment of the principal over the term of the loan with the remaining balance due upon expiration of the term of the loan.