Help Center  >  What is the difference between multiple installment plan and the 1st plan?

What is the difference between multiple installment plan and the 1st plan?

There is no difference between the application process of your MIP and your first loan. The application will undergo the same approval process and minimum requirements as your first plan. You will need your school assessment form and photo with ID. This process will also take 3-5 working days and will be disbursed directly to your school.

Payments will also start 30 days after the date of activation. Instead of monitoring 1 repayment date, you will have to take note of 2 or more repayment dates. The schedule of all your installment plans can be seen on your My Installments Tab on your Bukas portal.