Master’s degree loan
Because finishing your studies is not the end
If you have already studied a career and now wish to complete your training, we will help you in your professional future by financing a Master’s or Postgraduate course.
We offer flexible and complete financing: we study each case and adapt the financing to your needs; you can finance the course and related expenses up to a maximum of 120,000 euros.
In addition, we offer the option of agreeing partial drawdowns of your loan, to make it easier for you to meet the costs of your studies.
You have up 10 years to pay it back, with the option of a grace period during your studies. In this period, you will only pay interest and there are no surprises: the interest is fixed to avoid unforeseen variations.
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Terms and conditions
Conditions:
Conditions Interest rate: 6,75%1 APR from: 7,37%2 (con carencia de 5 años) Arrangement fee: 2,25% (minimum of €75) Assessment fee: 0,00% Compensation for early repayment 0.50% - 1.00%3 Characteristics:
- Amount: the total cost of the studies. When the cost of the registration fee is less than €15,000, other related expenses such as materials, rent payments can also be financed...
- Repayment period: up to 10 years (including grace period).
- Repayment: 12 instalments a year. You can choose to pay only the interest while studying (grace period) over a maximum of 5 years.
- Drawdowns: If payment of the studies is at the start of each academic year, you can request the loan in several partial amounts of the sum requested. In this way you only pay interest on the capital used.
Legal:
(1) Interest rate applicable to operations whose holder or guarantor have a salary, pension or recurring income.
(2) The APR calculation includes the arrangement fee of 2.25% (minimum €75) and an assessment fee of 0%, calculated on the amount of the loan requested.
Example of a requested amount of €1,000:
APR 15.24% to be returned within 24 months with an interest rate of 6.75% and a 1-month grace period on capital. Monthly fee €5.63 euros during the 1st month, €46.48 for the remaining years and one final instalment of €46.32. Total amount owed: €1,149.51.
APR 15.58% to be returned within 24 months at an interest rate of 6.75% and no grace period on capital. Monthly quota of €44,66 and a final instalment of €44.63. Total amount owed: €1,146.81
Example of a requested amount of €120.000:
APR 7,37% to be returned within 120 months with an interest rate of 6.75% and a 60 months grace period on capital. Monthly fee €675,00 during the1st , 2nd, 3rd, 4rd and 5º years, €2,362.02 for the remaining years and one final instalment of €2,361.67. Total amount owed: €184.920,85.
APR 9,39% to be returned within 24 months at an interest rate of 6.75% and no grace period on capital. Monthly quota of € 5.359,12 and a final instalment of € 5.359,11. Total amount owed: € 131.318,87.
(3) Amortization or early cancellation fee: 0.50% if the period until the loan expires is more than 1 year and 1% if the period is greater.
The approval, the sum and term of each operation requested shall be determined by, and contingent upon, the bank's risk criteria.Apply now...-
By Internet
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By visiting our branches
- Documentation required
To process your credit for the Master’s degree, we only need the following documentation:
- Nat. ID of the applicant, Passport or Residence Permit. If the holder is a minor, the borrowers will be the parents or guardians.
- 2 last salary slips of the holder or guarantor (salaried workers).
- Income Tax statement (last year of the borrower or guarantor).
- Proof of taking the course, (copy of the registration or pre-registration).