Universitario Loan

A personal loan¹ for university students, in Spanish or foreign universities, and employed personnel at Spanish universities.

Financing for university studies in Spain and abroad

Variable rate personal loan intended to finance studies at both Spanish and foreign universities, either Master's or PhD studies.

It also allows the financing of Research Projects as well as expenses related to studies including living costs and mobility.

The costs arising from mobility or exchange programmes can also be financed through this product.

Who is it for?

It is aimed at university students, employed personnel of Spanish Universities (teaching and research staff and/or administration and services staff), both public and private, and Young University Graduates up to 31 years old.

Purposes

Studies

University Enrolments at Spanish and Foreign Universities.
Master/Postgraduate Enrolments at Spanish and Foreign Universities or Business Schools.
PhD Studies at Spanish and Foreign Universities

Research projects
Costs related to studies or research

IT equipment: computer, tablet, etc.
Teaching materials
Language/computer courses

Living costs and mobility:

Rent and student residence
Light, water, telephone, gas
Travel pass
Driving school course
Transport/transfer costs abroad

Costs related with mobility programmes or student/teacher exchanges: Erasmus, Seneca, etc.

Characteristics

Nominal annual interest rate: 8.07% (TIN calculated based on 12 month Euribor + 4%. Euribor published in September 2023: 4.073%).
VariableAPR: from 9.39%² up to 11.60%³
Up to € 60,000.
Term of up to 7 years.
Interest settled monthly.
Repayments: monthly.
3% arrangement fee (financed).
Early cancellation 0%.
Processing fee 0%.