How to Repay Your Loan

Student Loan Repayment Manual

As of May 2021
Create a Debt Repayment Plan

You should start setting a clear picture of your repayment, and how it aligns with your own career and
financial goals for at least the next two years. Try to give specific answers to the following questions:
1. Where am I now?
a. Take a moment to assess your status – loan, career, or otherwise.
2. What do I plan to do?
a. Set goals. Decide how you want to repay your loan. Are you planning to get out of debt in the
shortest time possible?
b. Decide your cash flow. Settle your income minus expenses.
c. Be specific. Make concrete action steps that will help you achieve your goals.
3. What should not happen?
a. What are your hard NOs? Make a list of the risks that you do not want to happen, and
your actions to mitigate these.
4. Where could I be?
a. Map out what you expect your repayment, career, and finances to look like.

TIPS
1. Don’t wait until the last minute. Learn about your payment options, and submit payments before the
deadline to make sure you don’t run into unexpected issue (ex. Bank hours, issues with
payment method, etc.)
2. Do routine check-ups. It’s good to reassess yourself every few months and ask yourself: Where am I
now? How do I compare to previously? How can I do better?
FAQS

When is repayment due?

Monthly payments are due one month after the grace period ends. In case the due date falls on a weekend or
holiday, payment deadline will still be on the same day. It is highly encouraged that the payment be settled
before the due date. ALWAYS PAY BEFORE DEADLINE. Your due date is the LAST DAY you are permitted to
pay contrary to common assumption that it is the 1st day of payment.

What if I can’t pay the exact amount in my scheduled payment?

Your SCHEDULED PAYMENT is your amount due for the payment period. We encourage you to pay equal to
or over that amount if you have the capability to do so. Paying more than the billed amount for a
period decreases your next interest payments thus decreasing your overall repayment in the long-term.
If you are having difficulty paying the entirety of the due amount, you should AT LEAST pay the minimum
payment amount or the INTEREST PAYABLE on your loan calculator.

Why is this bad? When you miss a payment, all unsettled amount will be added to your outstanding balance
before interest accrues not to mention being tagged as a delinquent. For example, your monthly due is at
P2,000 with your current balance at P10,000 but you won’t be able to settle this month, interest accrual will
apply to P12,000 (monthly due of P2000 + outstanding balance P10,000). This is also the case for underpaid or
partial payment. There will also be a penalty for late payments which is indicated in your signed ISLA. You
may check it at Annex A.

What if I can’t pay on the day of the deadline, when should I inform?
You should notify our collections officer through their respective Facebook account 5 days before the deadline
so that they can assist you with a possible solution. However, informing beforehand does not guarantee that
you will be excused. Approval of your excuse is still upon the discretion of higher management. Notifying us
late or after your deadline will be automatically considered unexcused and charged with amount indicated on
Annex A of your ISLA or Student Loan Agreement.

Why is it bad? You will be marked as delinquent and it will affect your payment history which is being
monitored every month. One’s creditworthiness is based on the credit history which includes all your
FAQS

payment behavior from the start of your application up to your repayment stage. It will eventually be
submitted to the Credit Information Corporation or CIC – a credit bureau which handles all loan related
information of a borrower like yourself that is accessible to banks, microfinance lenders, etc. Being a
delinquent will affect your future possible loans. (https://www.creditinfo.gov.ph/).

What is delinquency status?

Delinquency is the status of a loan once a payment is not full, late or missed. The loan remains
delinquent until payments are made to cover past due amount and bring the account current. Delinquency has
different stages and actions depending on the number of days past due date.

How does one become delinquent?

One can become delinquent depending on her behavior during repayment. The poorer the behavior, the
higher the delinquency status will be and the higher the actions will be. Actions may vary from
contacting the guarantor, personal check-ins to subjecting to legal actions.

Who to inform of me and my guarantor’s updated contact and

email address?
Based on your loan agreement, you are required to inform and update your collection officer
with regards to you and your guarantor’s new contact number, address and email address. It is one of your
responsibilities stated in the agreement. Failure to do so may lead to breach of contract and legal actions.

What if I’m a good borrower, what are the perks waiting for me?
If you always pay on time or in advance and no deferment of loans, we can give you an alumni loans (can be
used in business, housing, etc.) with lower interest rates, a lifetime referral to our employer partners, access to
profession support network – coaching for job offers, work, and others. You can also have access to future
investee programs and material.
Payment Methods

Union Bank (Official banking partner)

You can deposit directly to our bank account:

Account Name: EDUC4ALL LENDING, INC.

Account Number: 002160722383

You must message your collection officer’s Facebook account, and send a photo of your deposit slip so that we
can credit the payment to your loan. Failure to do so may mean that your payment will not be credited to your
repayment (missed payment).

Benefits: May settle via Cliqq machine at 7/11 outlets with external fee of 20Php.

re to Repay
Security Bank
You can deposit directly to our bank account:

Account Name: Edvestment, INC.

Account Number: 0000014245160
Account Type: Checking
Branch: Diliman - Matalino

You must message your collection officer’s Facebook account, and send a photo of your deposit slip so that we
can credit the payment to your loan. Failure to do so may mean that your payment will not be credited to your
repayment (missed payment).

Benefits: No external processing fees with over-the-counter (OTC) deposits.

Bank of the Philippine Island (BPI)

You can deposit directly to our bank account:

Account Name: EDUC4ALL LENDING, INC.

Account Number: 0041-0354-04
Account Type: Checking
Branch: Greenbelt-Cinema

You must message your collection officer’s Facebook account, and send a photo of your deposit slip so that we
can credit the payment to your loan. Failure to do so may mean that your payment will not be credited to your
repayment (missed payment).

Benefits: Accessible to any area however, a 50Php for over-the-counter (OTC) deposits.
Payment Methods

GCash
Download GCash App on your phone and make an account. To get a verified GCash Account, you may refer
to this link: https://www.gcash.com/getting-started/get-verified

For those with fully-verified GCash Accounts:

1. Log in to the GCash App.
2. Select Send Money.
3. Select Express Send, input our gcash number and the amount you will send;
Our gcash numbers: 09059055201 – Melissa Dee
09059055185 – Carmina Bayombong
09568817128 – Hannah Faith Bayaoa
09158663362 – Kc Dimayuga

OR
Select Send to Bank (BPI, Union Bank or Security Bank.) Enter the amount you want to transfer, InvestEd’s
chosen bank account name, account number, and your active email address for the receipt.
5. Please double check amount and other details before selecting Done or Send Money. GCash will not be liable
for wrong sending of funds due to incorrect information entered by user.
6. You will see a confirmation screen and receive an SMS with your complete transaction details.
7. Take a screenshot of your transaction.

Note: For those cashing-in directly to our Gcash accounts via a third party (7/11, Palawan, Pay2Go, etc.), please
make sure to add a 2% of your monthly due to compensate for service fee charge otherwise it will incur
automatic reduction thus reflecting underpayment.

: Starting May 17, 2021 7/11 will be charging 1% convenience fee for every cash in to our or your
personal account. This will automatically be deducted from your payment and may result to underpayment. It
is highly advised that you assess which mode of payment will cost you the least with external charges.

After this, you must message your collection officer’s Facebook account, and send a photo of your deposit slip
so that we can credit the payment to your loan. Failure to do so may mean that your payment will not be
credited to your repayment (missed payment).