Loans for Non-EU Citizens
Loans application deadline
Loans for Non EU Students
International students who are not full scholarship recipients and have a CGPA 2.5 are eligible to apply for student loans from First Investment Bank and UniCredit Bulbank.
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Fibank offers student loans at a 7% interest rate.
International students can apply for up to 75% of the semester bill (tuition, student activity fee and housing) subject to a maximum of EUR 10, 000 for the duration of the studies. There might be a grace period of up to one year. The repayment schedule can be up to five years, including one year grace period (if granted).
During the grace period only interest charges are due. Students can repay the loan early at any time.
Fees
Application fee, payable when applying for the loan.
Annual management and processing fee.
The full principal amount of the loan plus interest must be fully repaid by the time the student is expected to graduate from AUBG. Deferrals are not granted. You will repay your loan - the principal and interest - in equal monthly installments in accordance with a repayment schedule that you and the bank agree on. If you leave AUBG without graduating, the loan will become immediately due in full.
Application procedure
- Contact the bank in early December/April for the respective semester and fill in the loan application reference form.
- Pay the loan application fee (application documents will not be reviewed until the fee is paid).
- The bank will then contact AUBG Loan Office to confirm your student status and the amount the loan is going to cover.
- Once the loan application is approved, the student must sign a loan contract with the bank. The loan funds will not be transferred to AUBG until the contract is signed by the student.
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International students can cover tuition up to 6,250 BGN (around 3,125 EUR) for each semester, or a maximum of 50,000 BGN (25,000 EUR) for the duration of the studies. The loans are disbursed directly to the student's AUBG account each semester. UniCredit Bulbank and AUBG reserve the right to refuse to provide a student loan at their own discretion.
Fees
To get a loan, you must pay an application processing fee of 0.5% on the approved loan amount.
Repayment
The annual interest rate is 5.99%. Only interest payments are due during the grace period, which could be up to 1 year. If you omit an interest payment, you cannot receive another student loan until all past due interest and fees have been paid.
The full principal amount of the loan plus interest must be fully repaid by the time the student is expected to graduate from AUBG. Deferrals are not granted. You will repay your loan - the principal and interest - in equal monthly installments in accordance with a repayment schedule that you and the bank agree on. If you leave AUBG without graduating, the loan will become immediately due in full.
Application procedure
- Contact the bank in early December/April for the respective semester and fill in the loan application form.
- Pay the loan application fee (application documents will not be reviewed until the fee is paid).
- The bank will then contact AUBG Loan Office to confirm your student status and the amount the loan is going to cover.
- When the loan application is approved, the student must sign a loan contract with the bank. The loan funds will not be transferred to AUBG until the contract is signed by the student.
Have a question about student loans?
Contact the AUBG Student Loans Office
