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Mention TWO financial obligations of a study loan ?
Qedani Mkhonza
Mar 10
Mention TWO financial obligations of a study loan ?
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Mar 10
1. Monthly loan repayments: Borrowers are typically required to make monthly payments towards their study loan, which includes both the principal amount borrowed and any accrued interest.
2. Interest payments: Study loans often accrue interest over time, which borrowers are responsible for paying in addition to the principal amount borrowed. The interest rate and terms of repayment vary depending on the loan agreement.
2. Interest payments: Study loans often accrue interest over time, which borrowers are responsible for paying in addition to the principal amount borrowed. The interest rate and terms of repayment vary depending on the loan agreement.
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