PBZ Educa loans
Education is always an excellent investment.
Privredna banka Zagreb included in its offer a loan product named PBZ Educa loans, designed for financing all study related costs as well as scholarships in private secondary schools, graduate, post-graduate or specialist university programmes in Croatia and abroad.
You can apply for PBZ Educa loans in any PBZ branch office.
Advantages of PBZ Educa loans:
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interest rate* of 6.32% on the annual level, flexible (EIR 6.56% )**
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loan repayment period of up to 10 years
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option to use up to 12 month grace period
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no additional collaterals are required for loans amounting up to EUR 15,000.00
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additional loan advantages in covering educational fees – option to increase the loan amount by additional 15% for payout in cash to the student’s current account, by respecting the maximum loan amount of EUR 25,000.00
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choice of repayment methods – in equal monthly annuities, monthly instalments or with repayment through four repayment periods
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option of choosing the loan repayment date – last day of a month or any other day of a month
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flexibility in using and repayment of the loan – you can also start to repay the principal only after the completion of studies (in case the period of your studies corresponds with the period during which you are using the loan)
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maximum period of loan usage corresponds to the duration of regular study/private secondary school program, and does not exceed 6 years (except in cases when the loan is used to pay for education fees, with one-off utilization)
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no early repayment penalty.
* Interest rate is based on 6M EURIBOR valid on 31st December 2012 (0.32) and increased for a fixed part of the interest rate.
** EIR calculated based on maximum amount, repayment due date and fees.