Does the loan bear interest?
Yes. All loans approved as of 28 February 1995 will accrue interest. The interest is calculated on the unpaid balance of the loan account. However, interest-free loans approved before 28 February 1995 will remain interest-free. New loan options added to an existing interest-free loan account will also remain interest-free. Loans for refugees selected from abroad will be subject to a grace period from interest for 1 to 3 years (depending on the size of the loan).
