Teaching Staff and Researchers/Administrative and Service Staff

6x6 Paycheck Advance

Request a fixed rate advance of your payroll if you are a Professor, Researcher or belong to the Administration and Services Staff of a university.

Get an advance of up to 6 monthly payments of your salary.
Ask for up to € 12,000.
Repay it over a maximum of 36 months.

Financing for the university teaching and research staff and/or administration and services staff group

If you are a Professor, Researcher or belong to the Administration and Services Staff (teaching and research staff and/or administration and services staff group) and you have your salary paid into your Santander account you can get an advance of up to 6 monthly payments.

Up to 12.000 euros

Repay it over a maximum of 36 months

What does it offer?

You can request the advance at a fixed rate of up to 6 salary payments, with a minimum amount of € 1,200 and maximum of € 12,000.

Nominal annual interest rate:

NIR 0% if repaid early in the first 6 months, 2,04% APR.¹
As of the 7th month: NIR 11%, APR 8,74%².

You can repay it over a maximum term of 36 months.

Amounts:

Minimum fee: €1,200
Maximum: up to 6 net salary payments (maximum € 12,000)

Arrangement fee: 1% not financed

Early cancellation fee:

0% if repaid within the first six months
1% if the period between the early cancellation date and the loan maturity date is greater than one year
0,5% if said term does not exceed one year

In addition, by being a Santander customer and being part of the teaching and research staff and/or administration and services staff group, you can enjoy great training and university advantages.

How do I arrange it?

You can arrange the 6x6 advance payment at your nearest Santander branch. Find it here

Financing subject to prior bank approval. Ask for the credit agreement information sheet INE (European Standardised Information Sheet) at your branch.

1. APR 2.04% calculated using the so-called "French" repayment system of constant amounts for a loan of EUR 6,000 repaid early in month 6. Total amount payable EUR 6,060, broken down into: € 6,000 principal + € 60 opening commission + € 0 interest. A single instalment of EUR 6,000 in the sixth month.

2. As of month 7, annual nominal interest rate 11% (APR 8.74%) calculated using the so-called "French" repayment system of constant amounts for a loan of EUR 6,000 over 36 months. Total amount owed EUR 6,950.10, broken down into: € 6,000 principal + € 60 opening commission + € 890.10 interest. Monthly instalment over the first six months EUR 0. Amount from month 7 to month 36: 229.67€.