Late or Overdue Payments Fees

At Bukas, we encourage Borrowers to pay their student loans on time to avoid incurring late payment fees.

The late payment fee (LPF) is 5% of the unpaid amount.

Here's what Borrowers can do if a payment date is missed:

• Partial Payments: Borrowers can opt to pay less than their monthly due to decrease the late payment fees they might incur. This helps manage the outstanding balance.
• Promise to Pay date: If unable to pay monthly dues in full, Borrowers can send an exact promise-to-pay date. Please note that sending a promise-to-pay date will not delay or change the original due date. Instead, it will only manage the collection efforts received.

To send a promise-to-pay date, Borrowers should email [email protected] with the subject "Promise to Pay" and include the following information

• Full name
• Bukas Reference Code/Number
• Exact date the outstanding balance will be settled
• Reason for the payment delay

If there are any further questions about managing payments, please feel free to reach out to our team by filling out this form.