NewsBot
12-Jan-23, 12:10
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Change To Pre-2012 Income Contingent (icr) Student Loans Interest Rate
Pre-2012 income contingent (ICR) student loans ("Plan 1 loans") have an interest rate of either RPI (from the March prior to the September when the new interest rates are implemented) or the Bank Base Rate + 1%, whichever is the lower (this is known as the “low interest cap”). The low interest cap mechanism means that the interest rate on Plan 1 loans may change if the Bank Base Rate changes. [Read Full Article (https://caithness-business.co.uk/article/18925)]
Change To Pre-2012 Income Contingent (icr) Student Loans Interest Rate
Pre-2012 income contingent (ICR) student loans ("Plan 1 loans") have an interest rate of either RPI (from the March prior to the September when the new interest rates are implemented) or the Bank Base Rate + 1%, whichever is the lower (this is known as the “low interest cap”). The low interest cap mechanism means that the interest rate on Plan 1 loans may change if the Bank Base Rate changes. [Read Full Article (https://caithness-business.co.uk/article/18925)]