How much are interest payments during the deferment period? ▾

Skills Fund loans require monthly interest payments during the deferment period. These payments ensure that no interest will be capitalized into your borrowed principal at the beginning of the 36- or 60-month full repayment phase. Interest-only payment amounts depend on the amount borrowed and the term of the loan. For example: on a $10,000, 36-month loan, payments equal $73/month.