Students of Izhevsk at long last are eligible for loan consolidation program offered by ElcomWest Bank
Russia, Udmurtia
Izhevsk
February 22
Via udmnews.info
ElcomWest Bank announce its new program
Do you need a sum to cover your tuition fees once you are a student?
ElcomWest Bank has special offer on student loans for you:
Who is the student loan for?
ElcomWest Bank student loans are devised for Russian citizens, who need to fund their tuition costs for:
Bachelor’s and master’s programs in Izhevsk;
Master’s programs abroad;
Secondary, high education and other educational courses.
Advantages The lowest interest rate - from annual 14% RUR/USD;
Fast application – the loan is granted in an hour;
Particular simplicity for the students rating I and II – minimum supporting documents are required;
Bonuses - VISA Electron card
- Internet banking
- ATM deposit service
Where to apply?
From February 22nd, apply to the students' service center opened specially for you.
Address: 245 Potemkina str., (II floor) Izhevsk.
Opening Hours: Monday to Saturday, 10am-5pm.
In regions outside Izhevsk apply to ElcomWest Bank branches.
ElcomWest Bank student loans – the first step on the way to your success in the future!
Loan Terms
Funding Bachelor’s programs in Izhevsk
Minimum loan amount 1000 USD
Loan term 1 to 12 months
Interest rate 14%-18%
Credit Bureau Fee 10 USD
Life insurance commission fee annual 0.72%
Collateral not required
Loan disbursement fee 1% of the loan amount, minimum 30USD
Funding Master’s programs in Izhevsk
Minimum loan amount 1000 USD
Loan term 1 - to 60 months
Interest rate 16%
Credit Bureau Fee 5 USD
Life insurance commission fee annual 0.72%
Collateral not required
Cost sharing a minimum of 10%
Repayment schedule in equal monthly payments (principal and interest)
Loan disbursement fee 1% of the loan amount, minimum 30USD
The student can obtain a loan him/herself for funding Master’s course on enrolment (upon the submission of the relevant document). As well as that, one of the family members of a student can be a co-borrower.
Student loan for funding Master’s course can be granted only if the eligibility of a school is preliminarily determined by the Bank.
Requrements for the borrower:
Length of service – minimum 1 year
Minimum amount of monthly income in case of:
salary - 500 USD
Funding Magistracy fees and accommodation costs abroad
Loan amount 200 – 25 000 USD
Loan term period of study + 66 months
Grace period period of study + 6 months
Interest rate 16%
Credit Bureau Fee 10 USD
Life insurance commission fee annual 0.72%
Collateral not required if the loan amount is less than 10 000 USD. In other cases, the loan must be secured by immovable property.
Cost sharing 0%
Repayment schedule monthly payment of principal and interest in equal amounts after the expiry of grace period
Loan disbursement fee 1% of the loan amount, minimum 30USD
Note!
The Humanitary and Art programs are not being funded.
Funding other courses
Loan amount 1000 USD
Loan term 1 – to 60 months
Grace period not allowed
Interest rate 6% - 23%
Credit Bureau Fee 5 USD
Life insurance commission fee annual 0.72%
Collateral not required if the loan amount is less than 10 000 USD. In other cases, the loan must be secured by immovable property.
Cost sharing 0%
Repayment schedule monthly payment of principal and interest in equal amounts
Loan disbursement fee 1% of the loan amount, minimum 30USD
