Hardship Application What to do if you suffer unforeseen hardship If you are unable reasonably to keep up your payments or other obligations because of illness, injury, loss of employment, the end of a relationship, or other reasonable cause, you may be able to apply to Ed Lend for a hardship variation. Do this as soon as possible. If you leave it for too long, we may not have to consider your application. To apply for a hardship variation, you need to: make an application in writing; and explain your reason(s) for the application; and request one or both of the following: an extension of the term of the contract (which will reduce the amount of each payment due under the contract); a postponement of the dates on which payments are due under the contract (specify the period for which you want this to apply); You can do this by completing and submitting this web form. Your Full Name Customer Number What is your Ed Lend customer number - it will be in the original email we sent you for your loan Your E-Mail Address Your Daytime Phone Number Your Date of Birth Your Current Address Your Education Provider Name the education provider who was paid by your loan Study Location What is the location of the education provider Explain why you are applying for hardship relief Explain why you can't make your payments, what hardship are you experiencing? Type of relief requested You can select one, or both options I want to permanently reduce my minimum weekly payments to $25 a week I want a temporary payment holiday for 8 weeks LOAN VARIATION ATTESTATION I understand that if Ed Lend approves a permanent payment reduction the reduction will make my minimum weekly payment due $25. I understand that if Ed Lend approves a payment holiday the payment holiday period is 8 weeks from the date Ed Lend implements my approved payment holiday period. I understand my loan term will increase respectively. Based on the relief I have applied for I understand I will be charged the one-off 'payment reduction and loan term extension administration fee' and/or the one-off 'payment holiday and loan term extension administration fee' as detailed in Schedule C of my Ed Lend Loan Agreement and these fee(s) will be added to my unpaid balance amount. I understand my interest rate will increase by the 'variation interest rate charge' in Schedule C of my Ed Lend Loan Agreement . Where I have applied for both a payment reduction and payment holiday I understand there will be two 'variation interest rate charges' applied to the new unpaid balance for the remaining term of my loan.
Hardship Application What to do if you suffer unforeseen hardship If you are unable reasonably to keep up your payments or other obligations because of illness, injury, loss of employment, the end of a relationship, or other reasonable cause, you may be able to apply to Ed Lend for a hardship variation. Do this as soon as possible. If you leave it for too long, we may not have to consider your application. To apply for a hardship variation, you need to: make an application in writing; and explain your reason(s) for the application; and request one or both of the following: an extension of the term of the contract (which will reduce the amount of each payment due under the contract); a postponement of the dates on which payments are due under the contract (specify the period for which you want this to apply); You can do this by completing and submitting this web form. Your Full Name Customer Number What is your Ed Lend customer number - it will be in the original email we sent you for your loan Your E-Mail Address Your Daytime Phone Number Your Date of Birth Your Current Address Your Education Provider Name the education provider who was paid by your loan Study Location What is the location of the education provider Explain why you are applying for hardship relief Explain why you can't make your payments, what hardship are you experiencing? Type of relief requested You can select one, or both options I want to permanently reduce my minimum weekly payments to $25 a week I want a temporary payment holiday for 8 weeks LOAN VARIATION ATTESTATION I understand that if Ed Lend approves a permanent payment reduction the reduction will make my minimum weekly payment due $25. I understand that if Ed Lend approves a payment holiday the payment holiday period is 8 weeks from the date Ed Lend implements my approved payment holiday period. I understand my loan term will increase respectively. Based on the relief I have applied for I understand I will be charged the one-off 'payment reduction and loan term extension administration fee' and/or the one-off 'payment holiday and loan term extension administration fee' as detailed in Schedule C of my Ed Lend Loan Agreement and these fee(s) will be added to my unpaid balance amount. I understand my interest rate will increase by the 'variation interest rate charge' in Schedule C of my Ed Lend Loan Agreement . Where I have applied for both a payment reduction and payment holiday I understand there will be two 'variation interest rate charges' applied to the new unpaid balance for the remaining term of my loan.
