CASH PAYMENTS

 

CASH PAYMENTS

Cash payment is bills or coins paid by the recipient of goods or services to the provider. It can also involve a payment within a business to employees in compensation for their hours worked or to repay them for minor expenditures that are too small to be routed through the accounts payable system.

 

MONTHLY PAYMENTS

Our student’s monthly payment is the amount a course fee is required to pay each month until a debt is paid off. Monthly payments are specified in course fees or loan documents, we are calculated when they are due, and what happens if they are not made as agreed. … The extra is used to reduce the course fee or loan balance.

3 MONTHS INSTALLMENT PAYMENTS

Our student’s Payment Plan. The Installment Payment Plan (IPP) offers undergraduate students the option to payments of university fees (estimated by tuition, room, and board),  Student can pay in every three months installments on 2nd weeks (term fees remain due by the 15th of the three months prior to the start of term).

FULL PAYMENTS

Students can choose to make the full payment upfront, semester payments in two to … Course fees for the degree programme may be paid upfront or in installments.

PAYMENTS FROM BANK LOAN

Divide your interest rate by the number of payments, you can pay in the year (interest rates are expressed annually). So, for example, if you’re making monthly payments, divide by 12. 2. Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.

While you can often use one loan to pay off another payment, be sure to read the fine print of your contract first and be wise about your spending habits. … For example, “a bank may require the money to be used to pay off existing debts, and even facilitate the payments to other lenders,”.

 

TERMS OF PAYMENT

Our student’s terms of payment are the length of time given to a student to pay off the amount due. It could be an upfront deposit, c.o.d., or a deferred payment of 30 days or more. Course fee’s invoice terms are Net 30 which means payment is due within 30 days of the invoice date

  • Mandatory deposit of your fees at IEC bank number only or pay directly at IEU Finance unit.
  • IEC will not be liable for any reason if other bank numbers other than this bank number are deposited into the bank numbers of the employees.
  • You will need to confirm the fees to be paid at IEC  and secure the payment receipt and the counterfeit copy in the bank.
  • Fees paid will not be refunded for any reason.