You wish to invest in your education or you need money to go and have an internship or on a student’s brigade abroad?
Student’s credit of Central Cooperative Bank will help you to realize your plans.
The credit amount includes term fees and amount for current needs and living costs for the period of education in Bulgaria or abroad:
- up to BGN 20,000 or their equivalent in EUR or USD for education in Bulgaria;
CCB AD can finance your participation in cultural exchange programs, traineeship or students’ brigade abroad, where in these cases the credit amount is:
– up to BGN 5,000 or the equivalent in EUR or USD.
You can choose: to receive immediately the full amount for your education or to receive each year the amount for the respective year.
You have the right to a grace period for the length of your education.
For the grace period you will pay only the amount of the accrued interests.
The repayment credit term is up to 5 years after the expiration of the grace period.
The standard interest rate is 7.5% regardless of the loan currency.
If the guarantor receives his/her salary at the Bank, a preferential interest rate to the amount of 7% is used.
The annual percentage rate is 7.41% for one-off utilized loan to the amount of BGN 15 000, a repayment term of 5 years, with an included review fee and an one-off fee for loan management and a floating interest rate 7% (analytical reference interest rate for consumer loans (ARIRcl) + margin 6.6%). Total due amount BGN 17 881,03 and amount of the monthly installment BGN 297,02.See the methodology of CCB Plc (92,6 KB) for determining the BIR of consumer loans.
The guarantor has to work under a permanent employment contract with at least 6 months work experience at his/her present employment. It is recommended that he/she is your close relative.
When you apply for the credit:
For your guarantor:
You can print out the necessary form, fill it in and present it in the bank office where you serve your bank account. We will answer to your application within two business days.
A fee for reviewing the loan application:
- BGN 20 for loans up to BGN 5000
- BGN 50 for loans above BGN 5000
This Student’s loan is offered without state financial support.
Additional information about questions that interest you can be obtained on the green phone 0800 11 400 (call is free for customers from the whole country) or on the phone 02/9266 500, as well as in all offices of Central Cooperative Bank.