GO TO USA, PAY WHEN YOU COME BACK
Going on an exchange program involves expenses that can sometimes be a problem for your personal or family budget. If you want to participate in such a program but you don’t have a steady plan on how to finance your travel, don’t hesitate. The exchange program loan is specially developed in a way that best meets your needs and is in line with the specifics of receiving, using, and returning the funds. The loan is calculated to cover all of your program costs, including a plane ticket and the required amount of pocket money for the first days of your stay in the United States.
You don’t need to invest personal funds before you leave, and after you return you can repay the entire loan immediately and significantly reduce your spending on it.
SPECIALIZED STUDENT LOAN FROM DSK BANK
Grace period for the interest and the loan principal: option to negotiate 12 months grace period, but not later than Oct. 31, 2021.
Preferential variable interest rate 9%
Option for partial loan adoption and accrual of interest only on the used part
No tax for early repayment
Free bank account in US dollars
*The loan is subject to a variable interest rate, formed by a reference interest rate + a fixed margin. The interest rate may be lower according to the preferential programs to which the co-debtor’s employer belongs.
For what amount I can apply?
As much as you may need for your Work and travel journey in the United States. With the allowed loan amount from BGN 500 up to BGN 6,000, you can finance all or only part of your expenses related to the travel and the accommodations until you receive your first salary.
When should I repay the loan?
The maximum repayment period is 8 years. In case your plans for the travel change or you decide to repay the loan right after returning from the United States you have the right to make early repayment regardless of the period for which you have withdrawn the loan and with no additional fees.
Do I pay loan installments before I leave for or while I’m in the US?
The choice is entirely yours. You can start repaying immediately or take advantage of the grace period and so you will not need to make loan installments (for interest and principal) until the end of October 2021.
How much will it cost me?
It depends on how long is the repayment period. For example, if in January 2021 you take BGN 3,000 for a period of 8 years, the total amount due at the end of the period will be BGN 4,631.39. But if the loan is repaid at the end of the grace period (after 12 months), the amount will be BGN 3270.
Take 3000 BGN repay 3270 BGN
The calculation is made on the basis of BGN 3,000, withdrawn for a period of 8 years at a promotional variable interest rate of 9%, a fee of BGN 20 for application reviewing and loan approving, and a current account fee of 2.00 BGN per month. The annual percentage rate of charge is 10.66%.
What should I do?
» Obtain the necessary loan documents.
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.