FINS Loan
for
Undergraduate Studies
in Romania
Loan for
The Entrepreneurship Academy
Up to 25.000 EUR for tuition fee and living costs.
Loan for
European Nursing Academy
Up to 25.000 EUR for the tuition fee and living costs.
Eligibility
The academic performance achieved so far
Internships or previous work experience (if any)
International experience (if any)
Extracurricular activities and other professional certifications (if any)
FINS Loans
Loan for
The Entrepreneurship Academy
Financing is granted with priority for the tuition fee, limited to 25.000 EUR during the 4 years of study.
Depending on the specific financial situation of the student, the loan can cover other costs, if the tuition fee is covered by other sources.
Terms of use:
The loan is granted only during your studies – maximum 4 years
Payment of the tuition fee is done directly to the university, according to the schedule agreed upon with the university, twice per year, in August and February
During the use period of the loan, you will only pay a monthly commission and the interest calculated based on the amount used from the loan, starting with the end of the first month of use
Interrupting your studies for any reason shall result in the suspension of the amounts left from the loan, and shall trigger the repayment period
Grace period:
Maximum 6 months after graduation, upon request
During this period, you will only pay a monthly commission and the interest calculated on the basis of the borrowed amount
Repayment period:
Up to
maximum 10 years
Equal installments throughout the entire
repayment period
The repayment period
begins:
After graduation
After the grace period of up to 6 months after graduation
Immediately, when the student loses their student status or good academic standing.
You can pay-off your loan earlier,
with no extra costs.
The maximum amount you can borrow will be determined depending on the expressed needs, the budget stated in the application and only after the analysis of the application file and the interview.
Interest rate:
FINS loans have an interest rate between 9.5% and 11.5%, during studies, during the grace period and in the first 6 months of the repayment period.
Starting with the 7th month of the repayment period, you can benefit from a reduced interest fee of 9%.
Other costs:
Loan awarding fee:
200 EUR (it is paid only once, when the loan is granted)
Monthly commision fee: 15 EUR (it is paid monthly, for the entire period of the loan)
Early repayment fee: 0%
Loan for European Nursing Academy
You can borrow up to 25.000 EUR for 3 years to pay the tuition fees and other necessary costs (ex: accommodation, living expenses, etc)
Terms of use:
The loan is granted only during your studies – maximum 3 years
Payment of the tuition fee is done directly to the university, according to the schedule agreed upon with the university, twice per year, in August and February
During the use period of the loan, you will only pay a monthly commission and the interest calculated based on the amount used from the loan, starting with the end of the first month of use
Interrupting your studies for any reason shall result in the suspension of the amounts left from the loan, and shall trigger the repayment period
Grace period:
Maximum 6 months after graduation, upon request
During this period, you will only pay a monthly commission and the interest calculated on the basis of the borrowed amount
Repayment period:
Up to
maximum 10 years
Equal installments throughout the entire
repayment period
The repayment period
begins:
After graduation
After the grace period of up to 6 months after graduation
Immediately, when the student loses their student status or good academic standing.
You can pay-off your loan earlier,
with no extra costs.
The maximum amount you can borrow will be determined depending on the expressed needs, the budget stated in the application and only after the analysis of the application file and the interview.
Interest rate:
FINS loans have an interest rate between 9.5% and 11.5%, during studies, during the grace period and in the first 6 months of the repayment period.
Starting with the 7th month of the repayment period, you can benefit from a reduced interest fee of 9%.
Other costs:
Loan awarding fee:
200 EUR (it is paid only once, when the loan is granted)
Monthly commision fee: 15 EUR (it is paid monthly, for the entire period of the loan)
Early repayment fee: 0%