General features:

• Variable interest rate, comprising the Euribor plus the agreed spread.
  • Euribor + 1.5%
• Amount that can be requested:
  • Up to 100% of the amount you need, up to a maximum of €2,000.
• Term and repayment:**
  • Up to 12 months.
• Fees associated with the loan:
  • Arrangement fee: 0.00%.
  • Partial cancellation fee: 0.00%.
  • Total cancellation fee: 0.00%.
  • Deferral of loan principal and interest: none.
• The financing is subject to assessment and approval by MoraBanc.
• The information obtained from the interest simulation for the loan does not constitute an offer, as the interest is merely informative.

Documentation and requirements necessary for the loan application process:

• Documentation for the formalisation or procurement of the loan:
  • Residence permit (for non-Andorrans)
  • Account opening contract
  • Study budget (tuition)
  • Proof of enrolment every year
  • Submission of the academic transcript each year, for the semester or the previous year to review your marks
  • Life insurance with the Bank as the beneficiary

* The interest rate will be revised with the frequency of the 12-month Euribor. If the Euribor is negative, the Euribor = 0% + spread will be applied.

** The amount of the monthly fee cannot exceed 35% of the affordability rate and net fixed income (annual income net of personal income tax and Andorran Social Security contributions). The maximum period is 12 months, provided that the course(s) of study is/are completed during this period. You’ll also be able to choose the day the payment is debited.