Nordea special loan for RBS MBA students |
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Recognizing reputation RBS graduates enjoy in the business society and the quality of RBS MBA programs, Nordea is offering special loan scheme to RBS MBA students who are residents of Latvia. The loan covers entire tuition and/or monthly allowance. The loan is offered at competitive rates and re-payment terms, thus making MBA an affortable education and good investment for future career.
Special features:
- You borrow only the amount needed
- After approval of the loan tuitioon payments are processed automatically between RBS and Bank.
Key terms: | Tuition Loan | Overdraft Loan |
| Loan limit | Nominal tuition at RBS or
Ls 5100 | Ls 150 per month |
| Grace period | 6 month after graduation |
| Interest | Capitalized during studies and grace period |
| Interest rate | During studies and grace period: RIGIBOR (3M) + 1.7%
After grace period: RIGIBOR (3M) + 1.5% |
| Administrative fees | Ls 10 per semester | |
| Repayment | 5 years after graduation
(approx. monthly payment Ls112* per month) | |
| Guarantee | Net monthly revenues exceeding Ls 350 or corporate guarantee | Net monthly revenues exceeding Ls 500 |
| Application Deadline | September 8, February 8 |
*Calculation is based on the nominal study schedule and expected interest rate. Actual amounts may vary depending on RIGIBOR (3M) rate.
How to apply
Submit at the RBS Student Information Center:
- Application form
- Copy of the Passport
- Confirmation of the monthly salary or corporate gurantee.
In the process of credit approval Nordea may request additional documents.
Related information
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"I see studies in RBS MBA program as my most successful investment so far! RBS gives knowledge which is based not only on theory, but also on real business case discussions. Additional benefit is contacts which helped me to successfully develop numerous projects."
Ginta Bakane, RBS Student and Project Manager, Best-Marketing  | |
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