loans.htm
11.5 KB
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<title>Libro.ca: Libro Student Services Loans</title>
<meta name="description" content="Student Services Education Loans, Collateral, Loan Capacity" />
<script language="JavaScript" src="scripts/StudentFunctions.js"></script>
<style type="text/css">
<!--
.style2 {color: #333333}
.style3 {
color: #FFFFFF;
font-weight: bold;
}
-->
</style>
<link href="StyleSheets/styles.css" rel="stylesheet" type="text/css">
<style type="text/css">
<!--
.style4 {color: #CAE4FF}
a:link {
text-decoration: none;
}
a:visited {
text-decoration: none;
}
a:hover {
text-decoration: none;
}
a:active {
text-decoration: none;
}
.style6 {font-size: 10px}
.style7 {color: #00336A;
font-weight: bold;
}
-->
</style>
</head>
<body>
<table width="100%" height="1144" border="0" cellpadding="0" cellspacing="0">
<tr>
<td height="1144" align="center" valign="top"><table width="660" height="483" border="0" cellpadding="0" cellspacing="0" bgcolor="#FFFFFF">
<tr>
<td align="left" valign="middle" bgcolor="#00336A"> <a href="../personal/studentservices.htm"><img src="images/ss_logo.gif" alt="Student Services" name="Image1" width="235" height="44" border="0" id="Image1"></a></td>
<td align="right" valign="middle" bgcolor="#00336A"><img src="images/st_logo.gif" alt="St. Willibrord Credit Union" width="139" height="36"></td>
</tr>
<tr>
<td height="395" colspan="2" align="center" valign="top"><table width="99%" border="0" cellspacing="0" cellpadding="0">
<tr>
<td width="15" height="16"> </td>
<td rowspan="2" align="center" valign="top"><table width="179" border="0" cellspacing="0" cellpadding="0">
<tr>
<td colspan="2" bgcolor="#CAE4FF"> </td>
</tr>
<tr>
<td width="25" bgcolor="#CAE4FF"> </td>
<td width="154" bgcolor="#CAE4FF"><a href="/assets/minisites/StudentServices/default.htm" class="style7">Introduction</a></td>
</tr>
<tr>
<td bgcolor="#CAE4FF"> </td>
<td bgcolor="#CAE4FF"><a href="/assets/minisites/StudentServices/budget.htm" class="style7">Your Spending Plan</a></td>
</tr>
<tr>
<td bgcolor="#CAE4FF"> </td>
<td bgcolor="#CAE4FF"><a href="/assets/minisites/StudentServices/credit.htm" class="style7">Credit & How It Works</a></td>
</tr>
<tr>
<td height="16" bgcolor="#00336A"> </td>
<td height="16" bgcolor="#00336A"><span class="close"><strong>About Loans</strong></span></td>
</tr>
<tr>
<td height="48" colspan="2" bgcolor="#DFEFFF"><p> <span class="style5"><span class="style6"><a href="#EDLoans">Education Loans</a></span><br>
<span class="style6"><a href="#InfoReq">Info Required by a Loan Officer</a></span><br>
<span class="style6"><a href="#5cs">Components of Credit</a></span>
</p> </td>
</tr>
<tr>
<td bgcolor="#CAE4FF"> </td>
<td bgcolor="#CAE4FF"><a href="/assets/minisites/StudentServices/investing.htm" class="style7">Investing Early</a></td>
</tr>
<tr>
<td bgcolor="#CAE4FF"> </td>
<td bgcolor="#CAE4FF"><a href="/assets/minisites/StudentServices/products.htm" class="style7">Student Products</a></td>
</tr>
<tr>
<td bgcolor="#CAE4FF"> </td>
<td bgcolor="#CAE4FF"><a href="/assets/minisites/StudentServices/Access.html" class="style7">Access Away From Home</a></td>
</tr>
<tr>
<td bgcolor="#CAE4FF"> </td>
<td bgcolor="#CAE4FF"><a href="/assets/minisites/StudentServices/contact.htm" class="style7">Contact Us</a></td>
</tr>
<tr>
<td colspan="2" bgcolor="#CAE4FF"><p> </p>
<p> </p></td>
</tr>
<tr>
<td height="27" colspan="2"> </td>
</tr>
<tr>
<td colspan="2" align="left" valign="top"><p><img src="images/loanPic.jpg" width="177" height="168"></p> </td>
</tr>
</table></td>
<td width="15"> </td>
<td> </td>
<td width="15"> </td>
</tr>
<tr>
<td width="15"> </td>
<td width="15"> </td>
<td width="382" align="left" valign="top"><p><img src="images/loans_head.gif" width="134" height="21"><br>
<br>
<span class="headers"><a name="EDLoans"></a>Education Loans</span> <br>
Libro offers education loans as an alternative to government
student loan programs. </p>
<p>You must be a full-time student to qualify (an approved coborrower may be necessary). Interest is paid monthly and principal repayments start six months after you leave school. You can borrow up to $8,000 per year to a maximum of $25,000 (over four years).</p>
<p><span class="headers"><strong><a name="InfoReq"></a>He</strong></span><strong><span class="headers">re is a list of information to have handy when you meet with Your Representative:</span></strong></p>
<table width="90%" border="0" align="center" cellpadding="1" cellspacing="2">
<tr align="left" valign="top" bgcolor="#00336A">
<td><span class="style3">Information</span></td>
<td><span class="style3">Example</span></td>
</tr>
<tr align="left" valign="top">
<td><span class="style2"><strong>Personal data </strong></span></td>
<td><span class="style2"> Name, phone number, birth date, social insurance number and driver's license. </span></td>
</tr>
<tr align="left" valign="top" bgcolor="#EAF4FF">
<td><span class="style2"><strong>Occupation</strong></span></td>
<td><span class="style2"> Who is your employer? How long have you been employed? </span></td>
</tr>
<tr align="left" valign="top">
<td><span class="style2"><strong>How much money is required?</strong></span></td>
<td><span class="style2">How much money is needed to get you through the year? </span></td>
</tr>
<tr align="left" valign="top" bgcolor="#EAF4FF">
<td><span class="style2"><strong>Purpose of the loan </strong></span></td>
<td><span class="style2">Post-secondary education! </span> </td>
</tr>
<tr align="left" valign="top">
<td><span class="style2"><strong>Security granted </strong></span></td>
<td><span class="style2">What are you putting up for collateral? </span></td>
</tr>
<tr align="left" valign="top" bgcolor="#EAF4FF">
<td><span class="style2"><strong>Assets</strong></span></td>
<td><p class="style2">What do you own? </p></td>
</tr>
<tr align="left" valign="top">
<td><span class="style2"><strong>Liabilities</strong></span></td>
<td><span class="style2">What do you owe? To whom? </span></td>
</tr>
<tr align="left" valign="top" bgcolor="#EAF4FF">
<td><span class="style2"><strong>Net Worth </strong></span></td>
<td><span class="style2"> Difference between what you own and what you owe.</span></td>
</tr>
<tr align="left" valign="top">
<td><span class="style2"><strong>Income</strong></span></td>
<td><span class="style2"> How much do you earn? </span></td>
</tr>
<tr align="left" valign="top" bgcolor="#EAF4FF">
<td><span class="style2"><strong>Credit references </strong></span></td>
<td><span class="style2"></span></td>
</tr>
<tr align="left" valign="top">
<td><span class="style2"><strong>Past credit history </strong></span></td>
<td><span class="style2"> Your credit rating -- <a href="credit.htm">learn more</a>. </span></td>
</tr>
<tr align="left" valign="top" bgcolor="#EAF4FF">
<td><span class="style2"><strong>How do you plan to repay and when?</strong></span></td>
<td><span class="style2"> Weekly, monthly? In the case of an education loan, principal repayments don't start until six months after you leave school. </span></td>
</tr>
<tr align="left" valign="top">
<td><span class="style2"><strong>Financial data </strong></span></td>
<td><span class="style2"> Will you be able to handle repaying the money you borrow? </span></td>
</tr>
</table>
<p><a name="5cs"></a><span class="headers"><strong>Here is what your Loan Representative is looking for</strong></span><strong> -- </strong></p>
<p> <strong>1. Character</strong></p>
<ul>
<li>Will the borrower repay?</li>
<li>Are they trustworthy?</li>
<li>Credit rating inquiry – what is their beacon score? See <a href="/StudentServices/credit.htm">Credit & How it Works</a> for more details </li>
</ul>
<p> <strong>2. Capacity</strong></p>
<ul>
<li>Income versus expenses – do they have the cash flow to repay the loan? </li>
</ul>
<p> <strong>3. Collateral</strong></p>
<ul>
<li>Collateral is pledging an asset as your commitment to pay<STRONG><strong></strong></STRONG></li>
</ul>
<p> These are all important because they determine whether or not you qualify for a loan or a credit card now, and years down the road when you’re ready to buy a car or a house. </p>
</td>
<td width="15"> </td>
</tr>
<tr>
<td width="15"> </td>
<td> </td>
<td width="15"> </td>
<td> </td>
<td width="15"> </td>
</tr>
</table></td>
</tr>
<tr>
<td height="41" align="left" valign="middle" bgcolor="#00336A"> </td>
<td height="41" align="right" valign="middle" bgcolor="#00336A"><table width="125" border="0" cellspacing="0" cellpadding="0">
<tr>
<td align="right"><a href="javascript:void(window.close())"><span class="style4">close window</span></a></td>
</tr>
</table></td>
</tr>
</table></td>
</tr>
</table>
</body>
</html>