Subsidized loans are loans that the federal government pays for their interest when the student is in CEGEP or if the loan is deferred, while the loan begins to collect interest as soon as it is contracted. The personal loan form is a legal document signed by two people ready to enter into a credit transaction. This loan form document provides written proof of the general conditions of sale between the two people, namely: The lender and the borrower, closes. Not all loans are structured in the same way, some lenders prefer weekly, monthly or any other type of preferential schedule. Most loans usually use the monthly payment plan, which is why, in this example, the borrower has to pay the lender on the 1st of each month, while the total amount up to the 1st. On January 1, 2019, which gives the borrower 2 years to repay the loan.