HECS-HELP scheme provides loans for tertiary education funded by tax. Repayments made only when borrower has sufficient income. Scheme includes means-tested scholarships and special assistance for indigenous students
SAP FI-AR handles customer transactions. SAP FI-AP manages vendor transactions. These modules are part of SAP Financial Module
A-credit represents the highest credit grade for borrowers. Typically corresponds to credit scores between 720 and 850. Determines interest rates on loans and credit cards
Credit limit is the maximum amount of credit available from financial institutions. Lenders set limits based on income, employment status, and credit score. Higher-risk borrowers typically receive higher credit limits
SBLC is a bank guarantee to pay beneficiary if applicant fails to make payment. Banks can issue SBLCs after assessing applicant's creditworthiness. Banks charge 1-10% annual fee for valid SBLC
SBLC is a bank guarantee for payment if applicant fails to make payment. Banks can issue SBLCs after assessing applicant's creditworthiness. Banks charge 1-10% annual fee for valid SBLC