If you are packing your bags to study in the U.K. and you need financial support, HSBC has the solution: U Start! is lending you money to make your dreams come true. With the student loan you can get the money you need to pay for your university tuition, or your personal living expenses in the UK or any other necessary expenses.
All you have to do is focus on your studies and enjoy it as much as you can.
All you need to know on the U Start! Student Loan by HSBC:
Key Benefits
- Competitive floating interest rate (linked to the ECB interest rate)
- Choice between a Graduate Studies Loan (3 years) and a Post-Graduate studies loan (1 year)
- For every annual disbursal the loan duration period can be up to 3 years
Τhe U Start! Student Loan by HSBC also offers:
- the possibility to gradually disburse the loan
- the advantage to pay interest only for the money you have used and not for the entire amount of the loan
- the option of partial early repayment of your loan (at least equal to 5 monthly installments) or the whole amount of the loan at no cost
Summary Table of the U Start! Student Loan Basic Characteristics
Undergraduate Studies Loan (3 years duration of studies) |
Postgraduate Studies Loan (1 year duration of studies) |
|
|---|---|---|
| Variable interest rate | 5,25% (ECB 0,50% + 4,50%) | 5,25% (ECB 0,50% + 4,50%) |
| Total loan amount | up to €30.000 | up to €25.000 |
| Maximum amount of annual disbursal | €10.000 | €25.000 |
| Gradual disbursals per annum | 2 | 2 |
| Loan repayment per annual disbursal | up to 3 years | up to 3 years |
| Grace period | During the disbursal of the 3rd year | - |
| Εxpenses | According to the Bank's price list | |
* SEPPE 6,23%
Loan amount of €10.000 for 36 months duration and floating interest rate of 5,25% and loan fees of €50
On behalf of the student:
On behalf of the guarantor:
