The Times Australia
Google AI
News From Asia

.

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!

Times Magazine

With Nvidia’s second-best AI chips headed for China, the US shifts priorities from security to trade

This week, US President Donald Trump approved previously banned exports[1] of Nvidia’s powerful ...

Navman MiVue™ True 4K PRO Surround honest review

If you drive a car, you should have a dashcam. Need convincing? All I ask that you do is search fo...

Australia’s supercomputers are falling behind – and it’s hurting our ability to adapt to climate change

As Earth continues to warm, Australia faces some important decisions. For example, where shou...

Australia’s electric vehicle surge — EVs and hybrids hit record levels

Australians are increasingly embracing electric and hybrid cars, with 2025 shaping up as the str...

Tim Ayres on the AI rollout’s looming ‘bumps and glitches’

The federal government released its National AI Strategy[1] this week, confirming it has dropped...

Seven in Ten Australian Workers Say Employers Are Failing to Prepare Them for AI Future

As artificial intelligence (AI) accelerates across industries, a growing number of Australian work...

The Times Features

The Daily Concerns for People Living in Hobart

Hobart is often portrayed as a lifestyle haven — a harbour city framed by Mount Wellington, rich...

AEH Expand Goulburn Dealership to Support Southern Tablelands Farmers

AEH Group have expanded their footprint with a new dealership in Goulburn, bringing Case IH and ...

A Whole New World of Alan Menken

EGOT WINNER AND DISNEY LEGEND ALAN MENKEN  HEADING TO AUSTRALIA FOR A ONCE-IN-A-LIFETIME PERFORM...

Ash Won a Billboard and Accidentally Started a Movement!

When Melbourne commuters stopped mid-scroll and looked up, they weren’t met with a brand slogan or a...

Is there much COVID around? Do I need the new booster shot LP.8.1?

COVID rarely rates a mention in the news these days, yet it hasn’t gone away[1]. SARS-CoV-2, ...

Why Fitstop Is the Gym Australians Are Turning to This Christmas

And How ‘Training with Purpose’ Is Replacing the Festive Fitness Guilt Cycle As the festive season ...

Statement from Mayor of Randwick Dylan Parker on Bondi Beach Terror Attack

Our community is heartbroken by the heinous terrorist attack at neighbouring Bondi Beach last nigh...

Coping With Loneliness, Disconnect and Conflict Over the Christmas and Holiday Season

For many people, Christmas is a time of joy and family get-togethers, but for others, it’s a tim...

No control, no regulation. Why private specialist fees can leave patients with huge medical bills

Seeing a private specialist increasingly comes with massive gap payments. On average, out-of-poc...