Students Loan

Advantages

Grace period

Purpose

Student loan pursuant to the Law on Student and Doctoral Lending

Loan amount

All tuition fees due or the minimum salary multiplied by number of months for the respective semester

Term

up to 10 years

Our Offer:
The student loan is intended for financing students and doctoral students for the entire or part of the period of study:
  • for payment of tuition fees;
  • for support upon birth or adoption of a child.

 

For a student loan not covered by the Law on lending loans to students and doctoral students, you can apply against additional collateral - a guarantee from a third party, who will guarantee the repayment of the loan with their income.


Loan parameters:

Loan parameters

Maximum amount:
  • For payment of tuition fees – it is determined based on the fees due for the remaining term of study of the loan applicant, according to the curriculum for the relevant specialty and the educational and qualification degree;
  • For maintenance – it is determined based on the sum of the semester maintenance fees for the remaining term of study of the loan applicant, according to the curriculum of the relevant specialty and the educational and qualification or the educational and scientific degree. The semester maintenance fee is equal to the minimum salary at the time of loan disbursement multiplied by the number of months in the relevant semester.
Currency:BGN
Term:

Up to 10 years, after the grace period expires

Grace period:
  • From the conclusion of the loan agreement until the expiration of one year from the first date of the last state exam or thesis defense according to the curriculum, respectively from the date on which the specified term of the doctoral program expires. During the grace period, the Bank charges interest on the utilized part of the principal, which is capitalized annually.
  • During the allowed grace period, you do not pay the interest and principal due on the loan.
Interest conditions:7% fixed annual interest rate
Collateral:No collateral is required
Method of absorption:
  • For tuition fees - in installments through transfers to a bank account of the higher education institution or scientific organization in an amount equal to the tuition fee due for the respective semester;
  • For maintenance - in installments to an account held in the name of the Borrower at the Bank.
Repayment:Equal monthly installments after the grace period expires according to a repayment schedule prepared on the last day of the grace period.
Application fee:Not due
Loan negotiation fee:Not due
Early repayment fee:Not due
Application Procedure and Documents:
To apply, the student/doctoral student must:
  1. Have Bulgarian citizenship, citizenship of another member state of the European Union, of another country of the European Economic Area (Liechtenstein, Iceland and Norway) or of the Swiss Confederation;
  2. Be under 35 years of age;
  3. Be a full-time student pursuing the acquisition of an educational and qualification degree "Bachelor" (Bachelor or Professional Bachelor) or "Master", or an educational and scientific degree "Doctor" in a state-owned or private higher educational institution or a scientific organization established and operating in accordance with the statutory procedure under Art. 47, para. 1 of the Higher Education Act (the Bulgarian Academy of Sciences, the Agricultural Academy, the national centers for public health problems and other scientific organizations);
  4. Has not acquired the same educational and qualification or educational and scientific degree;
  5. Has not been dismissed and has not interrupted his/her studies except in the following cases: interruption due to illness, maternity within the meaning of the Social Security Code or for studies at another higher educational institution or scientific organization;
  6. Has no other loan obligations that have not been serviced for more than 6 months.
Required documents:
  • Loan application;
  • Copy of identity document;
  • Certificate (according to sample form), issued by a higher educational institution or a scientific organization certifying the status of a student or doctoral student with the right to enroll for the next semester according to Art. 10, para. 3 of the Law on lending loans to students and doctoral students;
  • Declaration of affiliation (according to the Bank's template);
  • Other documents, if this is required to fulfill legal requirements and are directly related to the loan agreement.
When applying for a maintenance loan, in addition to the documents listed above, the following should also be provided:
  • A copy of a birth certificate in which the student or doctoral student is listed as a parent;
  • In the case of full adoption - a copy of a court decision that has entered into force, which has accepted the request for adoption and in which the student or doctoral student is listed as the adoptive parent;
  • A document issued by a higher educational institution or a scientific organization certifying that the student or doctoral student had such status in the year of birth or adoption of the child, respectively;
When applying for a loan by a student/doctoral student who is a foreign citizen, the following should also be provided:
  1. Certificate from the relevant credit register of the country of citizenship;
  2. Certificate of long-term or permanent residence, issued by the Migration Directorate of the Ministry of Interior;

3. Or other documents.


General terms and conditions: