Loan Activation. For Non-means-tested Loan Scheme for Full-time Tertiary pupils (NLSFT) & Non-means-tested Loan Scheme for Post-secondary Students (NLSPS) candidates

Loan Activation. For Non-means-tested Loan Scheme for Full-time Tertiary pupils (NLSFT) & Non-means-tested Loan Scheme for Post-secondary Students (NLSPS) candidates

Some of the conditions and terms of this loan or belated payment of every instalment due, the SFO has got the capacity to need both you and / or their indemnifier(s) instant payment associated with complete quantity of the outstanding loan(s) along with interest, overdue interest (if any) / surcharge (if any), administrative cost (if any) and any data recovery prices (including appropriate prices and relevant spending for the duration of appropriate healing actions) within one swelling amount. The SFO has also the energy to withhold the consideration and processing of one’s more monetary support applications and / or different applications associated with loan payment under various economic help schemes administered because of the SFO; and also to need you and / or their indemnifier(s) instant payment of all of the outstanding balance of loan(s) along with interest, overdue interest / surcharge (if any), administrative charge (if any) and any data recovery costs in terms of more course(s) taken that they have not become due under the terms of such loan(s) by you notwithstanding.

Non-registration with “MyGovHK” and “SFO E-link – My Bills” provider and / or non-receipt of need note for repayment try not to exempt that loan receiver through the responsibility to settle the instalment due on or prior to the date that is due. The instalment becomes due, you will be required to repay with the Government of the Hong Kong Special Administrative Region (’Government’) the amount of the overdue instalment together with overdue interest / surcharge if repayment is not made on or before the date.

Overpayment

  • Any overpayment of monetary help designed to your shall feel refunded straight away upon need.

For Tertiary pupil Finance Scheme – Publicly-funded Programmes (TSFS) & Financial support Scheme for Post-secondary pupils (FASP) candidates:

  • stop to become a subscribed student that is full-time of publicly-funded (for TSFS applicants) or locally-accredited (for FASP candidates) programme;
  • withdraw from / suspend / defer your studies before graduation;
  • transfer through the organization from which you have got borrowed the loans to a different organization;
  • Have not completed the course for any good factor; or
  • is not essential to cover the total quantity of tuition charge within the 2020/21 year that is academic

you need to alert the SFO written down immediately for followup action(s), like yet not restricted to withhold the re re payment of economic help.

  • Interest at a consistent level of just one% per year will probably be charged from the loan lent by you against the commencement date associated with loan payment duration.
  • Be sure to relate to Loan Activation area underneath the TSFS or FASP for more info.
    • stop to become a subscribed full-time scholar for the publicly-funded (for NLSFT candidates) or locally-accredited programme (for NLSPS candidates);
    • withdraw from / suspend / defer their studies before graduation;
    • transfer from the institution at which the loans have been borrowed by you to some other institution;
    • Have not completed the course for any good reasons; or
    • are not essential to pay for the total number of tuition charge within the 2020/21 year that is academic

    you have to straight away inform the SFO on paper for the action that is follow-up yet not restricted to withholding the re payment associated with the loan for you (for NLSPS) or their organization (NLSFT).

    For extended loan that is non-means-testedENLS) candidates:

    • opt to withdraw from / cease suspend that i / defer their studies;
    • transfer to some other programme / organization;
    • cannot finalize your programme(s) / course(s) of study for whatever reason(s); or
    • their organization does not give you the course(s) under application for you for whatever reason(s),

    you need to instantly inform the SFO on paper to need follow through s that are action(, like although not restricted to withhold the re payment regarding the ENLS loan.

  • Administrative interest and fee will soon be included.
  • Please relate to Loan Activation part underneath the ENLS for further information.)
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