Features
- For residents in Andorra.
- Loan of up to 60,000€ with a personal guarantee in order to finance college studies and their associated costs, such as the tuition, college material, residence or relocation.
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Granted within a maximum period of 5 days, as long as all required documents have been provided.
See required documents - You will get the entire capital at once, at the beginning of the transaction.
- Repayment period of up to 5 years, as long as the client’s retirement age is not exceeded.
- You can choose 3-month, 6-month and 1-year Euribor. It will be reviewed periodically in accordance with the chosen Euribor.
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You will enjoy preferential conditions based on your degree of loyalty with the bank.
See terms and conditions - Your salary must be directly deposited into a MoraBanc account.
- In cases where you don’t have a salary, we will require personal guarantees from relatives or other additional collateral.
- You can choose the receipt date of the charge.
Required documents
Mandatory Documentation:
- Invoices of the Masters or Postgraduate tuition and its associated costs.
- Budget of the Masters or Postgraduate studies.
- Updated CASS points if you work or have worked in the past.
Optional Documentation:
- Your payslips from the last 3 months if you work.
- Annual income and expenditure statement.
- Receipt of extraordinary revenue if necessary.
Terms and conditions
The applicable interest rate will vary based on the client’s degree of loyalty and the products they have contracted with MoraBanc:
- Direct deposit of salary
- 3 utility or bank direct debits
- Active debit or credit card (at least 3 monthly transactions)
- Possession of Group MoraBanc’s savings and retirement products.
- Possession of Group MoraBanc’s life and health insurances.
- Possession of MoraBanc’s investment funds.
- Other MoraBanc products.
The amount of your monthly payment or the sum of your current debt must not be higher than 35% of your monthly fixed income.
This product has no grace period for capital and interest.
Opening commission: 1.25%
Partial or total cancellation commission: 1.25%
In the case of a negative Euribor value, the reference would be Euribor = 0.
Financing will be subject to assessment and approval by MoraBanc.