Every loan has a grace period; the duration of this period depends on the school and course. On a general note, the grace period is typically the study period + 6 months after classes end for Full-time courses. During the Grace period you or your sponsors (i.e. co-borrower) are only required to pay the complete or partial interest on the loan principal amount disbursed and outstanding.
Unfortunately, it is not possible to change the grace period or the date on which your first payment on the loan is due. These are just a few of the terms outlined in your loan agreement, which is a legally binding document. Therefore, those dates are fixed. However the same may depend on your partnering financial institution.
If you're having difficulties with repayment of your loan and not sure if you'll be able to start making payments on the date in your loan agreement, please do get in touch with us in case if the loan is taken from the investor or our funds to discuss your available options.
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