Prezentacija_Student_loans_REA - Latvian.

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IĻja Nogičevs
Rīga, 2010
SEB offer for students of
Stockholm School of
Economics in Riga
1
Content
 State guarantee student loan
– Loan types
– Application and disbursement
– Interest rates
– Collateral
– Price list
– Repayment of the loan
 Special offer for SSE in Riga Students
 SEB Student loan
 Student Bank Package
2
Loan types
Studies loan – tuition fee. For 2010/2011 year maximal amount is
LVL 1`246 per year.
Studying loan – for everyday expenses. Maximum amount LVL
120 or EUR 170. It is possible to receive Studying loan every
month, except July and August
MK noteikumi 220 “Kārtība, kādā tiek piešķirts, atmaksāts un dzēsts studiju kredīts un
studējošā kredīts no kredītiestādes līdzekļiem ar valsts vārdā sniegtu galvojumu”
For detailed information visit www.seb.lv or call 8777
3
Application and disbursement
Student submits to
SSE Riga
(fills up
application)
Student signs a
contract with SEB
SSE Riga decides
Guarantor signs a
contract with SEB
Information is accepted
by SZA
SEB signs a
Guarantor contract
with Latvian
government
Loan is disbursed
4
Interest rates and repayment of the loan
 Euro loans margin is determined as 6M EURIBOR + 0,89%
 Latu loans margin is determined as 6M RIGIBOR + 1%
Repayment
EURO
during studies
Studies
Studying
State covers interest
fee
Student covers interest fee (in case, if
interest is higher than 5%, Student pays
5%, difference is paid by state)
1.92%
0%
After graduation
Student repays principal amount and interest (in case, if interest is
higher than 5%, Student pays 5%, difference is paid by state)
1.92%
LATI
After termination
of studies
Student repays principal amount and all interest
Repayment
Student pays Latu margin
minus 1.85%.
1,80%
during studies
After termination
of studies or After
graduation
1.92%
Student pays Latu margin.
3.65%
Student pays Latu margin.
3.65%
Current rate till 31.12.2010
5
Collateral for State guarantee student loans
 Guarantor - private person:
– income is greater than minimal salary
– if Guarantor guarantees for several people,
income should be greater than minimal
salary multiplied by number of guaranteed
loans
– if Guarantor has loans, monthly loan
repayment payments should be less than
40% from Guarantors income
 Real property (property should be registered in Latvia)
 Municipality
6
Process for Guarantors – Estonian and
Lithuanian citizens
 Conditions for guarantor are similar as for Latvian citizens
– Guarantor has to visit SEB Latvia branch in order to open an acount
– To verify his/her income, guarantor needs to hand in account
statement (it should be translated to Latvian, Russian or English
language and confirmed with apostil)
– Guarantor has to sign an agreement with SEB
7
Price list
Service
Application review
Agreement processing
Amount
Free of charge
LVL 3,00
Repayment of the loan before
maturity
Free of charge
Processing of documents in
connection with amendments
to loan agreement or payment
schedule upon customer's
initiative
LVL 10,00
8
Special offer for SSE in Riga
Students
9
2010/2011
SEB banka
Studies loan
for SSE in
Riga
Collateral
Loan amount
Loan term
Interest rate
Commition
Commition due
changes
SEB banka
Studying
loan for SSE
in Riga
Guarantor - Stockholm
School of Economics in
Riga
8000 LVL
11000 EUR
up to 10 year
1.5% + 6M
1.5% + 6M
RIGIBOR or
4% + 6M
EURIBOR
RIGIBOR or
4% + 6M
EURIBOR
SEB banka Study loan
Borrower or guarantor
incomes
11000 EUR
8000 LVL
up to 10 year
8.5% + 6M
3% + 6M
EURIBOR
RIGIBOR
Free of charge
5 LVL
5 LVL
10 LVL
10
Price list
SSE in Riga
SEB bank
Amount
Amount
Application review
Free of
charge
Free of
charge
Agreement processing
Free of
charge
LVL 5,00
Repayment of the loan
before maturity
Free of
charge
Free of
charge
LVL 5,00
LVL 10,00
Service
Processing of documents
in connection with
amendments to loan
agreement or payment
schedule upon
customer's initiative
11
Repayment of the loan
Conditions
Repayment period
In case, if the Student has
successfully graduated
his or her studies in the
College
The whole received Loan must be
repaid within 10 years starting
from the 6th (for SEB bank Study
loan from 12th) months from
graduation.
In case, if the Student has
terminated his or her
studies in the College
thus by not finishing the
study programme
The whole received Loan must be
repaid from the 4th month from
termination of studies. In such a
case, the Loan repayment term is 5
years.
12
Prolonging of the loan if Student
 Is in pregnancy or maternity leave;
 Is in leave for child care until the age of
one and a half years and is not working
full time;
 Continues his or her studies for the
Master’s degree.
13
Example of monthly payments for
state guaranteed and
SEB special offer
First year tuition fee
loans
LVL 2`460 or EUR 3`500
50%
State guaranteed student
loan
50%
SEB special offer for
students of SSE in Riga
Currency
LVL
EUR
LVL
EUR
Loan amount for 1st academic year
1`246
1`774
1`214
1`726
1% + 6M
RIGIBOR*
0.89% + 6M
EURIBOR*
1.5% + 6M
RIGIBOR**
4% + 6M
EURIBOR**
Total interest rate
Interest rate for student (on
26.08.2010)
Interest payment for first months
1.80%
0%
3.53%
5.14%
Ls 1.80
€ 0.00
Ls 3.60
€ 7.50
•* - RIGIBOR and EURIBOR are calculated in January and July
•** - RIGIBOR and EURIBOR are fixated at disbursement day
14
Student Bank Package-the largest
youth package
 Bank account;
 International payment card;
 Discount Card Euro <26 options;
 Ibank;
 SMS Banking;
 Insurance policy;
 Topping-up of phone cards;
 Participation in the 2nd pension
pillar
15
Contacts
Information about Student loans:
[email protected]
[email protected]
Loan agreement processing
Special offer for SSE in Riga Students:
Ziemeļu branch, Kr.Valdemāra street 21, Riga Jānis Sproģis
Telephone +371 6 777 9826
E-mail [email protected]
State guarantee student loan and SEB Bank Student loan:
In every SEB branch!
For more information visit http://www.seb.lv
or call Client center number 8777
16
Thank you for your attention!
17
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