We're always looking to improve our product offering and user experience.
With that in mind, we refreshed our loan agreements in July 2017. We hope you find the new layout easier to navigate.
Our new look is complemented by our new loan product - all loans going forward are now offered as simple interest rate loans. This means that interest is only charged on the principal balance of the loan. As per your loan agreement, the interest accrued during the study and grace period is added (capitlised) to your original principal loan amount at the time of your first repayment (at the end of the grace period). From then on, all interest continues to accrue on this new 'capitalised' outstanding principal balance.