From the CaixaBank we help you to know

From the CaixaBank we help you to know

Study at one of the best Centers and achieve the goal you establish CaixaBank supporting young adults who, as if you, dedicate section of its time and energy to getting ready for the elite group upcoming

Count University fees charge and you can relevant expenditures step three (minute.step 1.000€) University fees fees and you can relevant expenses step three
Complete loan life 10 days Up to ten years
Funding grace period zero grace months Up to 5 years 4
Availableness An individual payment Annual otherwise half of-annual 5
Rate of interest 0% 3.9% 6
Annual percentage rate Apr away from 6.90% doing % 6 Apr 3.97% 7
Start-up commission 3% (min. €50) 0 %
Assessment payment 0 % 0 %
Fees commission 0 % 0 %
Very early repayment percentage 0 % 0 %

dos. All the loans try at the mercy of past research of your own applicant’s solvency and you may fees capacity, in line with CaixaBank’s exposure rules.

3. So you’re able to money charges, certified data files exhibiting the purchase price and duration of the course will be needed about school where in fact the candidate is going to studies.

Study within one of the best Locations and you may get to the mission you establish CaixaBank supports young people whom, as if you, dedicate part of the for you personally to preparing for their elite group upcoming

4. The eye-just several months are recommended. At that time, the customer normally draw off funds from the amount approved. Plus the month-to-month costs only become focus with the funding drawn down, however, no capital might possibly be paid off more this era. No longer currency can be drawn off adopting the focus-only period. Extent paid off with an intention-simply period is more than the amount reduced without interest-only months.

5. The quantity called for have to be given whenever obtaining the newest loan, although it will likewise getting pulled off in almost any years otherwise conditions. And therefore the amount required away from that total have to be specified annually or title. Money are only able to getting taken off once yearly or six weeks, toward price of charges and read expenses, and you may inside the notice-simply several months. Brand new college student would need to bring research they own passed 70% of their credit in the earlier 12 months just before they are able to draw off financing. They’ll ergo need offer both matriculation data while the bank often make sure that 70% of one year’s credit are very different to your ones on 12 months in advance of.

6. Effective ount. French-style repayment system. Representative example. Effective Apr: 6.ninety % calculated for a loan of €10,000 over a ten-month term. Nominal ount repayable: €10,300 (€10,000 capital + €0 interest + €300 arrangement fee). Total cost of credit: €300. Monthly repayment amount: 10 instalments of €1,000. Representative example 2: % Annual percentage rate, calculated for a loan of €1,000 over a ten-month term. NIR 0%. Total amount repayable €1,050 (capital €1,000 + interest €0 + arrangement fee €50). Total cost of the loan: €50. Monthly repayments: 10 instalments of €100.

7. Graduate/Master’s Student Loan. French-style repayment system. Representative example with additional resources no interest-free period: Effective Annual percentage rate 3.97% calculated for a loan of €10,000. Nominal ount repayable: €11, (€10,000 capital + €1, interest). Total cost of credit: €1,. Monthly repayment amount: 59 instalments of € and a final instalment of €. Representative example with an interest-free period: Energetic Apr step 3.97% calculated for a loan of €10,000 where 25% of the loan capital is drawn down each year over the first four years. Nominal orisation period: 5 years. Total term of the transaction: 10 years. Total amount repayable: €12, (€10,000 capital + €2, interest). Total cost of credit: €2,. Monthly repayment amount during the interest-only period: €8.13 for the first year, € for the second year, € for the third year and € for the fourth and fifth year. Monthly repayment amount during the amortisation period: 59 instalments of € and a final instalment of €183,99.