How you can use your Under 2-Year Study Loan:
- This personal loan makes it possible for you to finance the cost of studies lasting less than two years, such as a master's degree, to pay a registration fee, get an advance on grants, Erasmus or to pay for study expenses abroad.
- Request the total amount you will need for the duration of your studies (between €1,000 and €75,000) and the repayment period (from 1 to 8 years).
- The Under 2-Year Study Loan has a grace period on the principal of between 6 months and 2 years, which will be determined based on the duration of the studies. What does this mean? That during this time you only pay the interest on the loan, you do not pay the principal.
- Once the grace period is over, the repayment period begins, which will last until the period selected for repaying the loan ends. The monthly payments will then include payment of interest as well as repayment of the principal borrowed.