Physician Loan Repayment

Repayment option provided by shows when to start repayment of the money you owe. Following are the main repayment options which are provided by most of the lenders:

  • Full Deferment Loans: These loans don't require payments while you are studying. Deferring payments results in an increase in loan's total cost, as, interest accrues and compounds during the deferment interval.
  • Immediate Repayment Loans: As you avail immediate repayment loans, you need to start payments as soon as the loan is disbursed. If you choose to make payments while you are still studying, you can reduce the loan's total cost by lowering outstanding principal.
  • Interest Only Loans: In Interest Only Loans, you need to repay the interest that accumulates while you are studying. These payments are lower than the payments in an immediate repayment loan, but, principal is not reduced.