Borrowers performing its knowledge into the will require away fund below various other installment terminology (labeled as Bundle 5) to the people starting in (exactly who repay lower than Plan dos). Plan 5 loans has a lower life expectancy payment tolerance (?twenty five,100000 up to and including FY2026-27) than just Package dos financing (?27,295 up to and including FY2024-25) and you will a longer fees title (40 years) than just Package 2 funds (three decades) however, a lower interest rate (RPI+0%) than simply Plan dos money (RPI+3% throughout investigation, variable anywhere between RPI+0% and you can RPI+3% just after analysis).