Go to USA, pay after you come back
Going on an exchange program is tied up with expenses, expenses that may prove to be too much for the families or your own budget. If you have decided you want to participate in such a program, but you don’t have a clear plan on how you will be able to finance it don’t give up. The exchange programs bank loan are specially developed to suit your personal needs. This specific product is calculated to cover all your program expenses, including the plane ticket and the necessary amount of spending money for your first days in America.
You don’t have to invest personal savings prior to departure and you can repay the principal right after you come home, thus cutting all expenses regarding it to a minimum.
How much can I apply for?
As much as you need for your program needs! The possible amount range is from 500 to 6 000 BGN. You can finance only a part or the entire program expense you will have, including the spending money for your starting period in the US.
When should I repay the loan?
The maximum period to repay your loan is 8 years. In case your plans change or you decide to repay the principal all at once after you return from the States, you can do it regardless of the period of repayment you applied for, without being charged any penalty fees.
Do I pay installments before or during my stay in the US?
It is entirely up to you! You can start making payments right away or to benefit from the option to freeze all payments on the principal for a fixed period of time, thus not having to worry about the monthly payments until you return from America.
How much will it cost me?
It depends on how long it takes you to repay the interest. For example: you take a loan in November 2017 for the amount of 3000 BGN for a period of 8 years, the total money spend at the end of the period would be 4790.39 but if you repay the principal and close the loan all at once when you return from America, lets say on October 2018, the sum would come up to 3349.80 BGN.
Take 3 000 BGN repay 3 349.80 BGN
This calculation is made with a base amount of 3 000 BGN loan with repayment period of 8 years with promotional floating interest rate of 10%, a one time loan processing fee of 30 BGN (1% of the total loan amount) and the monthly account fee of 1,65 BGN. For the first 12 months all payments on the principal are frozen, after which the monthly payments is 54.78 BGN. The yearly expenditure percentage is 11.60%.
USIT go to usa
Ние сме USIT COLOURS - най-голямата агенция в България за студентски и младежки обменни програми и пътувания в Америка, а това е GO TO USA - нашият специализиран сайт за дестинация Съединени Американски Щати. Постарали сме се да ти предложим на едно място информация за всичко, което е полезно да знаеш, ако планираш пътуване в Америка. Довери ни се и участвай в някоя от нашите програми – Work & Travel USA, Internship USA и Camp Counselor USA.