Intesa Sanpaolo Bank - "Per Merito" Loan

In order to access the loan, Bachelor or Law program students must have completed the enrollment in a program (without any reserves).
After the first year, the access to the line of credit is also subject to the achievement of an educational objective as indicated in the table below:

Students should submit loan applications through the Intesa Sanpaolo bank online procedure.

Loans can be obtained for a maximum amount:

• of € 50,000 if requested starting from the first year of the program by a student assigned the ORDINARY TUITION AND FEES target ("FASCIA COMPLETA");
• or € 40,000 if requested starting from the first year of the program by a student assigned the 1st, 2nd or 3rd FEES RELIEF TARGET ("FASCIA AGEVOLATA")

In the online Intesa Sanpaolo procedure, students need to select:

• > the field of study/classe di appartenenza of your Bachelor program
  
• > area: "area unica"
• > facoltà:
  • •   > "fascia agevolata" (if you have been assigned the 1st, 2nd or 3rd fees relief target)
    •   > "fascia completa" (if you have been assigned ordinary tuition and fees target).
• > corso: choose the correct option based on the year of program you are attending.

Please make sure the request is correctly filled out with reference to the fees relief target, otherwise it will not be possible to authorize it.

Please note that it is recommended that students applying for a loan take their personal needs and administrative deadlines (i.e. tuition and fees) into consideration at the time of application. Banks will not necessarily make funds available according to the University's administrative deadlines, rather installments will be made every six months following the first installment of the loan received.

It is specified that the tranche is disbursed in the first days of the month following the verification and it is not possible to disburse the tranche in advance.

The evaluation of the loan application is carried out by the University and the Bank and it can take approximately up to one month, therefore students are highly recommended to apply by mid-September in order to receive the installments of the loan in time.

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

The first disbursement will be released by the Bank after the approval and the opening of the line of credit.

The following disbursements will be on a six-monthly basis.

After the first year, the continuation of the line of credit is subject to the achievement of an educational objective.

The number of credits obtained by the student each 12 months after the opening of the loan and according to the year of enrollment will be taken into account, as indicated in the table below:

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. 

Six 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.

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 180 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.

The interest rates:

• > Opening of the line of crdit: EURIRS 10 years based on the value on the second-last working day of June prior to the stipulation + 2.35%. Currently, the fixed annual nominal rate is determined as 4.35%.
  
  
• > Loan with reimbursement in installments up to 10 years: EURIRS 10 years based on the value on the second-last working day of June prior to the stipulation + 2.35%. Currently, the fixed annual nominal rate is determined as 4.35%.
  
  
• > Loan with reimbursement in installments over 10 years (up to 15 as per current agreement): EURIRS 15 years based on the value on the second-last working day of June prior to the stipulation + 2.66%. Currently, the fixed annual nominal rate is determined as 4.44%.

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