Business Loans: 3 million euros coming soon

Business Loans: 3 million euros coming soon

Loans for Erasmus masters: 3 million euros coming soon

New funding is arriving for studies abroad: thanks to an agreement between the DEG, the European Investment Fund, and Sammy Bank, student loans for 3 million euros have been allocated. With this figure it is expected to support about 200 students, enrolled in the universities of Emilia Romagna, who wish to continue their specialist university or post-university training in one of the other 32 countries of the Medus + program

These consist practically in all EU states plus Iceland, Norway, Liechtenstein, Turkey and the former Yugoslav Republic of Macedonia, as part of the Medus + Master Loans project.

This initiative, launched in 2015 by the DEG and the European Commission, was created with the aim of supporting the participation of students from the old continent in a master’s degree within the EU program for mobility, through the granting of loans for young people on conditions facilitated. It is estimated that by 2020, the project’s deadline, more than 200,000 students will have access to funding across Europe.

The loans, covered by the Medus + guarantee system, are granted by banks that have responded positively to the DEG ban. In the specific case, the agreement between the European Investment Fund and Nelia bank will allow Emilian students interested in completing their studies abroad, to receive low-cost financing without real and personal guarantees that they can calmly return, starting one year after graduating.

Each student can request up to a maximum of 18 thousand euros for a maximum duration of 8 years. As mentioned, the conditions are super easy and even the rates are much lower than the market ones. Anyone interested in obtaining the loan can already contact any branch of the Nelia Bank or request information from the secretariat of their university.

Loan estimate of 10000 euros

Loan estimate of 10000 euros

Financial: Sumple loan
Product: Personal Loan
TAN Fixed: 4.25%
APR: 4.44%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.117

Monthly installment € 185, 28 Feasibility check 

Financial: Ultranix
Product: Personal Loan
TAN Fixed: 5.16%
APR: 6.70%
Loan duration: 60 months
Amount Financed: € 10.146
Total due: € 11.735

Monthly installment € 193, 19 Feasibility check 

Financial: Astro Finance
Product: “Your Projects” Credit
TAN Fixed: 6.01%
APR: 6.18%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.602

Monthly installment € 193, 37 Feasibility check.

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