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When was the last time you walked in and looked at your student loan repayment schedule?
This is probably something that happens with automatic withdrawals every month, so you don’t have to sacrifice a single thought as your withdrawal date approaches.
However, if you log in and watch the account movements by logging into your pages on Lånekassen, you may want to see, like we do, that there are various interest charges between payments.
Lånekassen: – It has never happened before
Fear not, nothing is wrong
Everyone who repays a student loan with Lånekassen has at least one interest charge per month when the previous month ends, but there may also be an interest charge at other times; this is more common with payments.
– Before doing anything with the customer loan, we make sure that the interest balance is up to date. This implies an interest charge on the loan for the period since the previous interest charge. Then we post the payment, explains communications consultant Hanne Bjertnes in Lånekasser to Dinside.
– This means that you can have many interest charges during a month, but it does not carry any type of double interest charge, only that you have as many updated interest balances as possible during the month, she continues.
– Maximum loan, no stress
Follow the student loan – in the online bank
Lånekassen now has a solution ready to display student loan balances with DNB, Sbanken and Sparebank 1 on their online and mobile banks.
In the first instance, it is only possible to view the debt in the online and mobile bank, while the actual debt management is done through the Lånekassen website.
And your student debt doesn’t show up in online and mobile banking without further ado:
- For the first time, the customer must give their consent through Altinn.
- The next time the customer logs in to the mobile and online bank, the balance will be automatically recovered as long as the consent remains valid.
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