by Prabuddh | Jan 23, 2024
An academic transcript is a comprehensive record of a student’s academic history, detailing courses taken, grades obtained, and overall academic performance. It becomes a vital document that not only reflects the educational journey of a student but also plays a...
by UniCreds | Feb 22, 2024
Accrued interest refers to the interest that accumulates on a loan or financial obligation over time, even if the interest is not yet due for payment. In the context of study abroad, accrued interest is a crucial aspect of loans and financing that students need to...
by UniCreds | Feb 22, 2024
Amortisation, in the context of study abroad loans, refers to the gradual repayment of a loan over time through a series of scheduled and equal payments. Each payment consists of both the principal amount borrowed and the accrued interest. As borrowers make these...
by Namrata Sukhtankar | Feb 22, 2024
The Annual Percentage Rate (APR) is a comprehensive measure that expresses the total cost of borrowing over a year, including both interest and any applicable fees. In the context of study abroad loans, the APR provides a standardised way to compare and assess the...
by UniCreds | Feb 22, 2024
Capitalisation occurs when the unpaid interest on a loan is added to the loan’s principal balance. In the context of study abroad loans, capitalisation typically occurs when the borrower enters a new repayment status, such as the end of a deferment or grace...
