The EDUCATION of our children
is our most important investment!
Hellenic Bank offers you a wide and complete range of educational solutions to cater for all your children’s needs - from kindergarten, primary and secondary school, all the way to university.
EDUCATION loan scheme is addressed to parents / guardians providing for their children’s expenses, covering all spectrums of:
• Kindergarten
• Private primary schools
• Private secondary schools
• Private lessons in institutes (for foreign languages, music, dance, sports, etc.)
• Colleges / Higher education schools
• Universities in Cyprus or abroad (the loan caters for living expenses as well as tuition fees)
EDUCATION scheme offers a combination of lending facilities, issuance of a Student Card that is linked to a current account as well as other benefits. Interested clients have the option to choose all or part of the facilities offered i.e. you can apply only for the student card or you can apply only for a loan.
EDUCATION
The right start to your education!
• Loans from €2.500 to €140.000
• Repayment period of up to 30 years
• Attractive interest rate
• Flexible monthly instalments
• Grace period up to 5 years
• Option of loan currency: euro, dollar, sterling pound
Attractive Interest Rate
The loan bears a flexible interest rate that may fluctuate from time to time. It is based on the Base Interest Rate offered by Hellenic Bank, along with a margin that may also vary from time to time (for more information on interest rates please see Hellenic Bank’s “Interest and Charges Guide”, the Service Line 8000 9999 or the internet www.hellenicbank.com).
Loan Amount
Hellenic Bank caters for all educational needs by providing loans starting from €2.500 up to a maximum of €140.000. The loan can be disbursed gradually with a maximum disbursement period of 7 years.
Repayment Period
The loan amount can be repaid over a period of 30 years maximum.
Flexibility
Customers have the flexibility to either choose to repay the loan by monthly instalments which remain unchanged until the expiration of the loan, or adjust them by choosing to pay low monthly instalments that will increase as the repayment loan period progresses.
Grace Period
The scheme offers you the advantage to commence the repayment of the loan - if you wish - up to 5 years after its approval depending on the repayment method you chose (studies period + 1 extra year, with a maximum 5 year grace period). During the grace period, only the loan interest shall be repaid.
Currency
Education Scheme offers you the option to choose the currency in whichyou wish to be loaned. The loan can be granted in one of the following currencies: Euro, Dollar and Pound Sterling.
Loan guarantees
• Personal Guarantees and/or tangible securities with the assignment, also, of a relevant fire/earthquake insurance when the loan amount is over €45.000
• Life and permanent total disability insurance of the parent (and optionally of the student) by Hellenic Alico Life
STUDENT CARD
• No charges* for cash withdrawals through ATMs abroad and through Hellenic Bank’s and JCC’s ATMs in Cyprus
• Direct access to the student’s money (current account / savings account / hellenic net account) at anytime, fast and easy
• 24hour access to Hellenic Net Banking services to manage account
• Discounts in more than 400 businesses via the Discount Scheme MORE4U
• Free travel insurance provided that the tickets will be purchased with the specific card
• SMS Alerts Card Service
* In case the withdrawal is made in a currency other than euro the conversion will be according to “Table A” of Card Charges of the Bank that is at your disposal at any branch of the Bank or on the website www.hellenicbank.com
STUDENT MEDICARD
• In-hospital medical care due to sickness or accident in the country of studies
• Cover when the student is on holidays in Cyprus
• Cover when the student is on a short-term stay in a different country (for the purpose of their studies), other than the country of their main studies (excluding the USA and Canada)
• Cover of the cost of a return airplane ticket for one of the parents in case of hospitalization of the student for more than 48 hours
• Medication expenses following the hospitalization
• Doctor visits following the hospitalization
• Cover of the cost of transferring the insured from the country of study to the country or to the nearest hospital in the country of permanent residence
• Flexibility in the choice of insurance cover depending on the country of study
Hellenic Bank Public Company can, at its absolute discretion, reject a loan application according to its credit policy in force at any given time • For the granting of the loan, a legal documentation fee is applied as well as an arrangement fee on the amount granted. In addition, personal guarantees and/or tangible securities with the assignment, also, of a relevant fire/earthquake insurance are applied when the loan amount is over €45.000 and also life and permanent total disability insurance of the parent (and optionally of the student) by Hellenic Alico Life. For further information visit our website www.hellenicbank.com or any Hellenic Bank branch or contact the Service Line at 8000 9999.
