Term Plan
Fee Plan offers a school fees payment service for parents at selected learning institutions. Fee Plan settles in full on behalf of the parent the school fees invoiced. The parent can then pay back the amount together with a service fee to Fee Plan in monthly installments during the term. Term Plan thus enables them to match their school fees obligations against their monthly income.
Term Plan Pricing structure
Under Term Plan, Fee Plan offers a flexible installment payment plan for up to six months matching the repayment over the length of a school term. Currently the service fee ranges from 6.5% and may increase depending on the repayment period. The service fee is included in the monthly installment payments.
Indicative service fees are as follows on a monthly reducing balance:
| # | Administration Fee | Service Fee |
|---|---|---|
| 2 Monthly Installments* | 1.50% | 6.50% |
| 3 Monthly Installments* | 1.50% | 7.50% |
| 4 Monthly Installments* | 1.50% | 8.50% |
| 6 Monthly Installments* | 1.50% | 10.50% |
| ***** | ***** | |
| *Fees are payable per term subject to consistency in repayments |
SERVICE FEES ARE SUBJECT TO REVISION. CONTACT US FOR CURRENTLY APPLICABLE PERCENTAGES.
For further information contact us on: admin@feeplanlimited.com