Hong Kong’s uFinance offers student loans to college students

They can borrow up to $21,050 per semester, at an interest rate of 6%.

Fintech uFinance has launched a student loan option for college students.

The uFinance University Student Tuition Loan comes with what it calls a “lowest interest rate guarantee” of 6%, the company said.

Students can borrow up to HK$21,050 per semester, with flexible repayment terms from 6 to 48 months, uFinance said in a press release.

Applications are reportedly fully online, with no face-to-face meetings required. Its customer service team will reach out via phone to handle approval and identity verification. Once approved, students can sign contracts and receive funds online.

It deposits funds directly into school accounts upon approval.

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