TI loan for students

Who is TI loan for students for?

It is a solution for financing young people's study needs. 
 
TI loan for students can be granted to an adult Bulgarian citizen:
  • Admitted student in Bulgarian university
  • Admitted student in university in abroad
  • Student in Bulgarian college
What is the TI loan for students?
 
It is designed for financing your studies and your student life.
 
Loan amount
  • Minimum: BGN 500 or the equivalent in EUR
  • Maximum: BGN 15 000 or the equivalent in EUR
 
Repayment term length
 
TI loan for students with guarantor
 
Societe Generale Expressbank offers two types of TI loans for students with the possibility for partial grace period:
  • Repayment term with partial grace period: 12 to 96 months maximum
  • Repayment term without a grace period: 12 to 60 months maximum
 
TI loan for students without guarantor
  • Repayment term without a grace period: 12 to 60 months maximum
 
Interest Rate
 
The interest rate on the TI loan for students is related to the base rate of Societe Generale Expressbank plus an addition. The base rate, called 'Societe Generale Expressbank base rate', is fixed by the bank and may be changed by decision of the Managing Board. The addition may be changed in accordance with the commercial policy of Societe Generale Expressbank.
 
Security
 
The security required for granting a TI loan for students will be a guarantor or remittance to an account in the bank of borrower’s salary in a full amount or in an amount covering the monthly installment.
 
Repayment mode
 
The TI loan for students will be repaid by remitting an amount equal to the annual installment and/or the interest depending on which of the following repayment modes you have chosen:
  • Immediate repayment including principal and interest. In this particular case the TI loan for students will be repaid by equal monthly installments retained from the amount remitted to the borrower's current account with the bank.
  • Repayment with a partial grace period, during which only the interest on the loan will be repaid. In this particular case, the TI loan for students will be serviced only by repayment of the loan interest deducted from the amount remitted to the borrower's current account with the bank. Upon expiry of the partial grace period, repayment of the loan (principal and interest) will commence.
 
Fees
 
Societe Generale Expressbank will charge a fee upon disbursement of the loan, according to the Tariff of Societe Generale Expressbank for Individual customers.
 
TI loan for students allows you to:
 
Finance several years of studies including tuition fees, everyday expenses, studies related costs, travel, rentals, etc.
 
Main benefits of TI loan for students:
  • The loan amount will be disbursed to your lump-sum
  • The credit will be given to you with minimum formalities
  • Beneficial interest rate
  • Grace period option - you will only pay the interest during your studies, and will start repaying the credit after graduation
  • You may receive a TI package for daily banking
 
How to apply?
 
TI loan for students can be arranged at any branch or office of the bank.
 
Further information can be obtained either from your Account officer or from the toll-free line 0800 18 888, from 8.00 to 20.00 daily, from 9.30 to 14.00 on Saturday.
 


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