by Namrata Sukhtankar | Feb 24, 2024
Loan forgiveness is a program or process that allows borrowers to have a portion or the entire balance of their student loans forgiven, typically after meeting specific criteria. In the context of study abroad financing, loan forgiveness programs may apply to certain...
by UniCreds | Feb 22, 2024
A loan servicer is a company or organisation responsible for managing the day-to-day tasks associated with a loan. In the context of study abroad loans, the loan servicer acts as an intermediary between the borrower and the lender, handling tasks such as billing,...
by UniCreds | Feb 22, 2024
Non-collateral loans refer to loans that do not require the borrower to provide assets or collateral as security. In the context of study abroad financing, these loans are extended based on the borrower’s creditworthiness, income, and financial stability,...
by UniCreds | Feb 22, 2024
Study abroad loans often come with terms and conditions that borrowers should thoroughly understand before committing. One such aspect is the prepayment penalty, which can significantly impact the cost of borrowing. In this article, we delve into the concept of...
by UniCreds | Feb 22, 2024
Refinancing is a financial strategy that involves replacing one or more existing loans with a new loan, often with more favourable terms such as a lower interest rate, different repayment terms, or a new lender. In the context of study abroad loans, refinancing can be...
