FINS provides you with two types of loans for Master’s degree studies, depending on the duration of your studies.
You can borrow up to 25.000 EUR for a Master's Degree with a duration of up to 18 months.
The maximum amount you can borrow will be determined depending on the expressed needs, the budget stated in the application and only after analysis of the application file and the interview.
The loan is granted only during your studies – maximum 2 years
Monthly disbursements directly into your bank account
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
Maximum 12 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
maximum 5 years
Equal installments throughout the entire
The repayment period
After the grace period of up to 12 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.
FINS loans have an interest rate between 9.5% and 12.5%, 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%.
Loan awarding fee:
250 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%
Other terms and conditions:
Depending on the university and country in which you choose to study, you may access loans without the need of a co-signer. This benefit applies only for European Union countries and depends on the profile and situation of each applicant in question.
If you need a co-signer, he/she can be anyone from your family, a friend, partner, etc. and it is not mandatory for him/her to live or work abroad.
You are preparing to apply, have applied, or are already accepted to a Bachelor’s or a Master’s programme offered by a university in Europe.
The ranking of the university and of the study programme you want to attend
The employability reports published by the university you want to attend
The field of studies and the connection with the economic sectors with high employability potential
The reputation of your previous studies
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)
These terms and conditions are made possible due to the support offered by the European Union’s Loan Guarantee Mechanism based on EU Regulation nr. 1288/2013 issued by the European Parliament and by the Council launching the action named: “Erasmus+: European Union’s programme to support education, training, youth and sport (Erasmus)” managed by the European Investment Fund.
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