Advance
Finance your master’s degree or professional qualification
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Variable or fixed rate optionOption for a variable interest rate or a fixed interest rate for 10 years or 15 years for the whole duration of the loan.
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Loan amount
Loan amount cannot exceed €20,000, if the loan is secured with personal guarantees. For loans where a mortgage on a property is offered, the maximum amount can be up to €50,000 and the interest rate is lower.
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Grace period
Grace period of up to 2 years on capital payment (you pay only interest).
If the student’s initial monthly salary is less than €1.200 (gross), then a further grace period of 2 years on capital payment can be allocated (total maximum grace period is 4 years) given that the loan has been granted to the name of the student.
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No initial bank fees
There are no initial bank charges.
More information
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Students or/and parents wishing to cover the costs of postgraduate studies and/or professional qualifications in Cyprus or abroad.
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- Tuition fees (college and university)
- Books, purchase of personal computer, etc.
- Transportation
- Living expenses (rent, home equipment, monthly personal expenses)
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The loan amount is determined by the cost of the tuition fees, other expenses and the instalment amount you will pay.
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Loans with variable interest rate
12 years: for loans with personal guarantees
15 years: for loans with other collateralsLoans with fixed interest rate
Student fixed rate loans are offered with either 10 or 15 years duration.
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- Student of 18 years or older get a free subscription for a €500 limit Visa / Mastercard Classic Credit card
- Current account with an overdraft limit of up to €1,000 without personal guarantees or other collaterals.
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You have the right to withdraw from the agreement within:
- 5 business days from the date of the agreement conclusion, when the facility is secured with a mortgage
- 14 calendar days from the date of the agreement conclusion when the facility is provided without any guarantees / securities, or is secured with personal guarantees.
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Learn more on our interest rates.
Warning:
The Bank reserves the right to reject any application at its sole discretion and withdraw any plan at any time. If you do not make regular installment payments according to your loan repayment schedule, you may lose your house. There are charges for early loan repayment. In case of variable interest rates, the installment amount and total cost of the facility may increase or decrease depending on variations in the base rate.
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800.00.800
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can get in touch with you to discuss everything you need to know about our products