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.

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 to12.000 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% APR¹
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.