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Intesa Sanpaolo Bank

for World Bachelor in Business students

STUDENTS WHO MAY APPLY
All students with European citizenship enrolled in the World Bachelor in Business program can apply for a loan.

ADMISSIONS CRITERIA
In order to apply for loans, World Bachelor in Business students must meet the requirement of enrollment*.
After the first year, continuation of the line of credit is subject to passing all but one exam on the program structure.
Students may access a loan through only one bank per degree program and may not apply for more than one loan at the same time.

LOAN CONDITIONS
Type
Loans are granted in the form of opening a line of credit in a current account.

Amount
Loans can be obtained for a maximum amount of € 48,000 if requested during the 1st year of the program.

Steps

1. Apply
Students should submit loan applications online.
For information:
Superflash branch, via Torino 21,  Milano.
Contact branch: via Meda 49, Milano

2. Allocation

Year of course at the moment of application

Maximum length of the loan in years

Amount of each installment (every six months)

Number of installments

Maximum amount

1

4

€ 6,000

8

€ 48,000

2

3

6

€ 36,000

3

2

4

€ 24,000

4

1

2

€ 12,000

 

3. Suspension period or “bridge year”

6 months after the last installment has been allocated, or, if before, after the study program has been completed, the recipient will be given one year during which neither capital nor interest will be required to be paid.

4. Reimbursement by installments
Before the end of the bridge period, students must go to the branch where the loan was opened and determine the amortization schedule for paying back the loan. The amounts used will accrue interest which will be debited to the current account and capitalized annually. The payback schedule may not exceed 96 months and will take place through monthly installments with a fixed amount, including capital and interest. Students will have the option of paying off the debt in advance, all or in part, without any additional cost.

5. Interest rates

The interest rate:

  1. applied to the opening of the line of credit, including the bridge period, is a fixed rate: Eurirs 9 years +2.95%
  2. applied to the loan at the end of the above mentioned bridge period, is a fixed rate: Eurirs 10 years +2.95%

The Eurirs parameters at 9 and 10 years are recalculated each year based on their value on the second-last working day of June.

6. Loss of possession of requirements
In cases in which students no longer possess the requirements, to which allocation of the second part of the loan is subject, the one-year bridge period will begin to take effect in advance.
If the student does not meet the continuation requirements — to which allocation of installments is subject — for three times, the bridge period will not be granted, and the line of credit will expire. Therefore, the student will need to reimburse the funds received.
In cases of students withdrawing from studies or transferring to another University, the suspension period will take effect on the date in which the allocating Bank receives information regarding such circumstances.

CURRENT ACCOUNT CONDITIONS
Trimesterly account fees:
0.00€ (per trimester)
Individual operation fee:
0.00€ (unlimited operations)
Services included free of charge: Intesa Online (telephone, internet, mobile banking), Carta Intesa (debit card)
Interest on arrears: Annual interest rate on arrears without periodic capitalization equal to the loan rate plus 3 percentage points.
Fee for printing and mailing of bank statement: 0.00€
Stamp duty: According to measures in force pro tempore
Administration fees: Exempt
Fee for closing account: 0.00€

Please note: For all conditions not listed on the above table, please refer to the leaflet provided by the bank.

* Granting of loans shall always be subject to evaluations carried out but the credit institute.

Last modified 09/05/2019 - 10:40:05