Defer Repayment of Education Loan

Defer Repayment of Education Loans

Application Process

  • Complete one form for each loan account.
  • Request submitted by the 20th of the month will be effected by 1st of the following month.
  • You will receive an email within 5 working days of request submission date advising the start date of the deferment and information on your monthly repayment amount.

Important notes

  • During the deferment period, interest will accrue only on the deferred principal amount, and not on the interest accrued during the deferment period.
  • Any arrears incurred before the payment deferment period must be paid in full by 31 December 2020.