The Times Australia
News From Asia

.
Times Media

.

uFinance Student Loan: The Preferred Choice for Hong Kong Tertiary Students

HONG KONG SAR - Media OutReach Newswire - 11 April 2024 - Nowadays, Hong Kong tertiary students often want to seize every opportunity in their youth, such as applying for an exchange programme, learning new skills, or starting their own business to earn their first pot of gold.

However, many students are forced to choose between reality and their dreams due to a lack of funds and a desire not to increase the financial burden to their families. To address the financial stress faced by tertiary students, uFinance, the Hong Kong student loan platform, now offers student loans to allow students to enjoy a worry-free tertiary school life. Differ from the traditional banks and financial institutions, uFinance prioritizes student privacy and offers a tailored loan plan. In addition, if university students encounter difficulties in paying their tuition fees, they can also apply for the uFinance University Student Tuition Loan, which offers the first-in-Hong Kong "Lowest Interest Guarantee".

"Borrowing money" is no longer taboo: uFinance student loans can be processed entirely online

Many tertiary students who are new to loans may find it difficult to talk about "borrowing money", and therefore hesitate during the loan process, missing the opportunities to pursue their dreams. Applying for the uFinance student loan does not require you to "show up" in person and can be processed entirely online. Applicants only require to fill out the online loan application form and upload the required documents to complete the application process. In addition, customer service representatives will only contact the applicants by phone to process loan approval and identity verification. After successful application, students can also choose to sign the loan contract and transfer money online to solve financial difficulties.

uFinance values customer privacy, keeps loan records confidential

Many tertiary students worry about their loan record being leaked to third parties when applying for student loans. uFinance understands the needs of tertiary students. For the past over 20,000 student loan applications, uFinance has promised student loan applicants that the personal information and loan records of the applicants will not be disclosed to schools and third parties, and letters will not be mailed to student loan applicants generally. The entire process is conducted over the phone, allowing students to enjoy a worry-free tertiary school life.

uFinance university student tuition loan - Introducing the 'Lowest Interest Guarantee' in Hong Kong

The application for Grant Loan/Non Means and other government subsidies involves complicated procedures. If students are unable to apply for the assistance or loans provided by the Student Finance Office in time, they will need to pay extra fines for not paying tuition fees on time. To solve the urgent need of university students, uFinance offers a special university tuition fee loan. After completing the application, the loan amount will be directly deposited into the school account, without the loan passing through their hands, to help students pay tuition fees as soon as possible. In addition, the 'University Tuition Tuition Fee Loan' introduces the 'Lowest Interest Guarantee' in Hong Kong for the first time, offering the most favorable interest rate in the Hong Kong market (actual annual interest rate 6%). Applicants can choose a tuition loan of $21,050 per semester and can repay it in 6 to 48 months. After receiving government assistance, students can also choose to repay the remaining principal at any time without paying any fees.

Student Loan Information Platform - Preparing Students for Social Challenges

In addition to relieving students of financial burdens during their studies, uFinance hopes that students can obtain more helpful information for their life planning on the platform, such as internship job vacancies, living encyclopedias, and financial information. uFinance believes that the few years of undergraduate life have a significant impact on the future development of students. Therefore, it hopes that students can equip themselves well before entering society to meet future challenges. Also, uFinance will also cooperate with different businesses to provide students with exclusive discounts, so the tertiary students can develop financial management habits during their studies.
Hashtag: #uFinance #StudentLoan #UniversityStudent




The issuer is solely responsible for the content of this announcement.

About uFinance

uFinance Hong Kong Limited ("uFinance") was established in 2018 to provide the most suitable financial support for tertiary students in Hong Kong, enabling them to manage their own finances and take advantage of every learning opportunity. Compared to traditional financial institutions, uFinance does not require income proof as an approval criterion, nor does it require students to provide proof of address. Students are required to upload 2 documents (ID card and student card) to apply for the offered by uFinance. Since its inception, uFinance has served more than 10,000 students and has worked with over 200 societies from tertiary institutions.

Beyond financial support, uFinance also provides a one-stop information platform for tertiary students, including information on job hunting, internships, sponsorship and further studies, so that they can have a solid foundation to face different challenges before starting their careers. uFinance, Right After You!

The Times Features

FedEx Australia Announces Christmas Shipping Cut-Off Dates To Help Beat the Holiday Rush

With Christmas just around the corner, FedEx is advising Australian shoppers to get their presents sorted early to ensure they arrive on time for the big day. FedEx has reveale...

Will the Wage Price Index growth ease financial pressure for households?

The Wage Price Index’s quarterly increase of 0.8% has been met with mixed reactions. While Australian wages continue to increase, it was the smallest increase in two and a half...

Back-to-School Worries? 70% of Parents Fear Their Kids Aren’t Ready for Day On

Australian parents find themselves confronting a key decision: should they hold back their child on the age border for another year before starting school? Recent research from...

Democratising Property Investment: How MezFi is Opening Doors for Everyday Retail Investors

The launch of MezFi today [Friday 15th November] marks a watershed moment in Australian investment history – not just because we're introducing something entirely new, but becaus...

Game of Influence: How Cricket is Losing Its Global Credibility

be losing its credibility on the global stage. As other sports continue to capture global audiences and inspire unity, cricket finds itself increasingly embroiled in political ...

Amazon Australia and DoorDash announce two-year DashPass offer only for Prime members

New and existing Prime members in Australia can enjoy a two-year membership to DashPass for free, and gain access to AU$0 delivery fees on eligible DoorDash orders New offer co...

Times Magazine

Moving to Melbourne- The ultimate guide for Expats

Melbourne city is the second-largest city in Australia boosting a number of cosmopolitan, multicultural and vivacious attributes that attract expats from around the world. Located along the banks of the stunning River Yarra, Melbourne is envelope...

Online Shopping Experience at Ryft Australia

Welcome to Ryft Australia's online shop! Ryft is a leading Australian retailer offering unbeatable value on the highest quality products. We specialize in providing customers with an extensive range of products for their home and lifestyle needs. O...

3 Solar Panel Warranty Categories You Should Know

A solar power system is a multi-decade investment. If its components degrade quickly over time, you’re likely to drive less long-term value from it. That’s why there’s a need to check whether each component comes with a rock-solid warranty. All so...

Finding the Perfect Place to Hang Your Graduation Certificates

Introduction Graduation certificates are more than just pieces of paper; they are symbols of dedication, hard work, and significant achievements. These certificates represent years of effort and serve as a testament to personal and professional gr...

Powering the Future: Innovations in Gas and Electricity

Powering the Future: Innovations in Compare Gas and Electricity" is a book that provides an in-depth exploration of the latest advancements and technologies in the energy sector. The book delves into the history of gas and electricity, while showca...

Enamel paint: why you need it for your application

Enamel paint is revered for its glossy, vibrant finish, the kind that leaves any of its applications looking bold and shimmering. This centuries-old paint has become a favourite for industrial applications, providing a stunning and durable finish...