Education Financing - FAQs
Yes, the education institution can amend the semesters selected by the client, and the client is notified of the change for approval.
They are carried forward to a final payment called the “Consolidated payment”, which appears to the client after all disbursement requests have been completed. The client can then request it if needed, or submit a sufficiency request to close the loan.
After the end of each academic semester, the client must submit a disbursement request for the next semester. The payment is disbursed by the bank directly to the educational institution. Each disbursement is subject to a review of academic progress and compliance with the product’s terms and conditions.
Yes, the education institution can reduce the disbursement amount based on its academic review.
