Representative example

  • We'll tell you what the financing of your studies would be like with a loan of €9,000 to be repaid in 5 years, drawn down in full from the start:

    • Interest rate: 3.95% NIR.
    • APR: 4.10%.
    • Grace period: 3 years.
    • Total interest during the grace period: €1,067.34.
    • Monthly interest payments for a period of 3 years: €30.19 or €29.22 depending on the days of the month*.
    • Repayment period: 2 years.
    • Constant monthly payments: 24 payments of €390.62.
    • Total amount to be returned: €10,484.32.

    The APR was calculated taking into account postage expenses: €0.70 monthly.

    If you need to open a checking account exclusively for managing this loan, and if the conditions for having no maintenance fees on said account are not met, the fee will be €120 per year. Therefore, the APR would be 5.80% and the total cost would be €11,084.32, total interest during the grace period: €1,067.34.

    *The monthly interest payment may vary depending on the days of the month on which settlement is due.