Degree/Master's Degree Study Loan1 | NIR: 5.00 % / AER: 5.12%
Easy financing for your studies and those of all the members of the family unit
- Amount: tuition fees and related expenses*
- Repayment period: up to 10 years
- Capital grace period: up to 5 years **
- Drawdowns: annual or half-yearly***
- No start-up or repayment fees
1. Degree/Master's Degree Study Loan. French repayment system. Representative example with no grace period: AER 5.12%, calculated for a €10,000 loan. NIR: 5.00%. Repayment term: 5 years. Total amount owed: €11,322.74 (€10,000 principal + €1,322.74 interest). Total cost of the loan: €1,322.74. Monthly payments: 59 instalments of €188.71 and a final instalment of €188.85.
Representative example with grace period: AER 5.12%, calculated for a loan of €10,000 on which annual drawdowns are made during the first four years, each representing 25% of the capital borrowed. NIR: 5,00%. Capital grace period: 5 years. Repayment term: 5 years. Total term of the operation: 10 years. Total amount owed: €13,072.82 (€10,000 capital + €3,072.82 interest). Total cost of the loan: €3,072.82. Monthly repayments during the capital grace period: €10.42 in the first year, €20.83 in the second year, €31.25 in the third year and €41.67 in the fourth and fifth years. Monthly payment amount during the repayment period: 59 instalments of €188.71 and a final instalment of €188.85. Approval of this operation is subject to an analysis of the applicant's credit rating and repayment capacity, in accordance with CaixaBank's risk policies.
* The financing of the tuition fees for each academic year must be accredited by official documentation from the school where the studies are to be undertaken, showing the amount and duration of said studies.
** The grace period is optional. During that period, the customer can make drawdowns on the total amount granted. The monthly payments will thus only correspond to the payment of interest on the amounts made available and therefore no capital will be repaid during this period.
*** After the grace period, no more drawdowns may be made. The total amount owed with a grace period is higher than the total amount without a grace period. At the time of the loan application, the total amount to be requested must be indicated, although it will be made available in different academic years or semesters. Every year or semester you must therefore indicate how much of the total loan you wish to have available. Only annual or six-monthly drawdowns can be made during the grace period; these will correspond to the cost of the tuition fees and additional expenses related to the studies. To make drawdowns, the student must show proof of having passed at least 70% of the credits from the previous academic year. You will therefore be requested to show both registrations and confirm that 70% of the credits for which you are registering are different from those taken the previous academic year.
NRI: 7312-2024/09542