Student Loan DSK Bank

Student Loan

Plan your future – for your training and development

Description

Your advantages:

044

The loan is for educational purposes, and it is directly paid to the higher education institution

040

Grace period during the entire period of study, expiring 1 year after passing the last state examination/thesis defence

037

Tax, fees and commissions free

032

The interest is calculated only on the utilized part of the loan

042

Term of loan repayment – up to 10 years, after the expiration of the grace period

027

The loan is guaranteed by the state


DSK Bank believes that you can decide where to go, and our student’s loan will support you on the path you have chosen.

The loan is intended for financing under-graduate and post-graduate students, studying full time for the bachelor's, master's or doctoral degrees at a higher education institution established in Bulgaria. It is provided for payment of tuition and / or maintenance fees.


For student’s:

  • No fees, commissions and other costs

  • The interest is calculated only on the utilized part of the loan;

  • You may apply for one or both types of loan, tuition fees or maintenance*;

  • Fixed annual interest rate - 7%, fixed annual interest rate when using plan For Youth - 6,5%.

*the maintenance loan is provided at the birth or full adoption of a child during the training.


Who is this loan intended for:

The student loan is suitable for all students and doctoral students who meet simultaneously the following requirements:

  • Bulgarian citizens, citizens of another EU Member State, another country of the European Economic Area or the Swiss Confederation;

  • are under 35 years of age as of the loan application date;

  • are trained in a regular form for acquiring the educational-qualification degrees: bachelor’s (bachelor or professional bachelor) or master’s, or the educational and scientific doctoral degree in a state or private educational institution or scientific organization and functioning according to the law;

  • have not acquired the same educational qualification or educational and scientific degree;

  • have not been removed and have not interrupted their studies, except in cases explicitly specified in the Law on Granting Loans to Students and Doctoral Students.


When is a maintenance loan granted?

  • Maintenance loan is provided only in case of birth or full adoption of a child during the course of studies.

  • The loan may be used only by the parent who exercises parental rights, if these are both parents - only by one of them.

Loan amount

  • for payment of tuition fees: the amount of the loan is equal to the due fees for the remaining period of studies of the student/ doctoral student, according to the curriculum of the respective specialty and educational-qualification or educational and scientific degree.

  • for maintenance: the amount of the loan is formed as a sum of the semester expenses for a period equal to the remaining term of study of the borrower according to the curriculum of the respective specialty and educational qualification or educational and scientific degree. The semester maintenance is equal to the minimum salary in the country at the moment of mastering the specific bank transfer, multiplied by the number of months during the respective semester.

Loan utilisation

The loan is utilized in stages, such as:

  • The loan for payment of tuition fees is utilized through transfers to a bank account of the higher education institution or the scientific organization;

  • The maintenance loan is utilized by transfers to the current account of the student/ doctoral student with DSK Bank, at the beginning of each semester, according to the loan agreement;

Fees and interest rates

  • The loan is free of fees.
  • You do not have to pay any fees, commissions or other costs associated with granting, managing and repayment the loan.
  • Fixed annual interest rate - 7%
  • Fixed annual interest rate when using plan For Youth - 6,5%

The grace period for the repayment of principal and interest - this is the period from the conclusion of the loan agreement to the end of the first year from the first date for the last state examination or thesis defence, according to the curriculum for the department and the educational degree, respectively from the doctoral program expiring date. During this period the student/ doctoral student does not have to pay the principal and interest under the loan. The interest accrued on the utilised part of the loan during the grace period is capitalized annually.

Term of loan repayment – up to 10 years, after the expiration of the grace period;

The student’ loan is offered in accordance with the terms of the Law on Granting Loans to Students and Doctoral Students. DSK Bank has concluded a Standard loan agreement for students and doctoral students with the Ministry of Education and Science.

Documents

Documents

Frequently asked questions

Frequently asked questions

The required documents are available in the „ “Documents” section“. 

Correct, you may not use funds from the authorised loan, but even in this case you need to present a Certificate under Art. 10, para. 3 of the SLA, evidencing that you have not discontinued your studies. The requirement to present a Certificate under Art. 10, para. 3 of the CPA is set out in the Law, and is a mandatory requirement in case when the authorised loan is not utilised.

You should also submit a written application in a bank office, evidencing that you refuse to use funds from the loan.

The interest is accrued only on the utilised part of the loan, including also the grace period. The accrued interest during the grace period is capitalised annually.

The grace period of the loan can be extended in the following cases:

- Upon enrolment for educational-qualification degree or a doctoral educational and scientific degree within the grace period and a loan agreement is concluded - for a period equal to the course of studies according to the curriculum;

- In case of studies at another higher education institution or research organization - for a period not longer than two years;

- In case of illness, maternity leave within the meaning of the Social Security Code - for a period not longer than two years.

Obligations may be deferred in the following cases:

- Upon enrolment for full time studies for educational-qualification degree or a doctoral educational and scientific degree within one year after the end of the grace period - for a period equal to the course of studies according to the curriculum.

- In case of permanent incapacity for work of 70 or over 70 per cent - for a period determined in the expert decision of the TEMC or NEMC - whereas the total period of deferral may not be longer than 3 years from the date of disability.

Yes, you may deposit funds at any time, and the paid amount will be used to repay the interest accrued as of the respective interest date, and the balance will be used to repay the principal.

Early repayments do not exempt you of the need to pay each subsequent monthly instalment under the loan.

Yes, you can prepay the entire loan in advance and do not have to pay a fee for it.

Everyone could have difficulty while repaying their loan. In case you experience such difficulties, you should immediately contact bank employees, who would assist you.


High contrast
Change font size