If you have any questions about part of this loan agreement, please read the attached brochure or contact StudyLink or Inland Revenue. You can also get your own independent advice on the loan agreement. A subsidized loan is for students who go to school, and their right to glory is that there is no interest while the student is in school. An unsubsidized loan is not based on financial needs and can be used for both students and higher education graduates. If the payments made by [AGENCY] under this file cover only part of your (s) repayment commitment (s) under the student loan applicant (s) and if you are late or if you are delaying your credit repayment obligation, [AGENCY] will determine at that time the procedure to follow. [AGENCY] will consider corrective measures such as payment of late or default and, if applicable, extending the duration of service, renegotiating the terms of the credit repayment plan and terminating future payments [AGENCY]. When payments are discontinued in accordance with this paragraph, the minimum duration of service – 3 years – must be completed or you are required to repay [AGENCY] as part of the [AGENCE]collection process all loan payments that [THE AGENCY] made on your behalf under this agreement; If 3 years of service have already been completed under this service contract, any remaining service obligation under this paragraph is terminated. An individual or business may use a loan agreement to set conditions such as an interest rate amortization table (if any) or the monthly payment of a loan. The biggest aspect of a loan is that it can be adjusted as you deem it correct by being very detailed or just a simple note. Regardless of this, each loan agreement must be signed in writing by both parties.
For the duration of this service contract, they must retain at least one fully successful or equivalent performance evaluation and applicable security permission (access authorization). If your performance assessment falls below this level or if your security contract is revoked or if you are unintentionally separated for misconduct, credit payments will be immediately discontinued and you are required to repay [AGENCY] the total amount of credit payments that [AGENCE] has made on your behalf as part of [AGENCY`] collection procedure. Borrower – The person or company that receives money from the lender, who then has to repay the money according to the terms of the loan agreement.