1 seb offer for students of stockholm school of economics in riga iĻja nogičevs rīga, 2010
TRANSCRIPT
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SEB offer for students of Stockholm School of
Economics in Riga
IĻja Nogičevs
Rīga, 2010
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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
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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
For detailed information visit www.seb.lv or call 8777
MK noteikumi 220 “Kārtība, kādā tiek piešķirts, atmaksāts un dzēsts studiju kredīts un studējošā kredīts no kredītiestādes līdzekļiem ar valsts vārdā sniegtu galvojumu”
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Application and disbursement
Student submits to SSE
Riga(fills up
application)
SSE Riga decides
Information is accepted by SZA
Student signs a contract with
SEB
Guarantor signs a
contract with SEB
SEB signs a Guarantor
contract with Latvian
government
Loan is disbursed
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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%
EU
RO
Studies Studying
Repayment
during studies
State covers interest fee
Student covers interest fee (in case, if interest is higher than 5%, Student pays 5%, difference is paid by state)
After graduation
Student repays principal amount and interest (in case, if interest is higher than 5%, Student pays 5%, difference is paid by state)
After termination of studies
Student repays principal amount and all interest
LA
TI
Repayment
during studies
Student pays Latu margin minus 1.85%.
Student pays Latu margin.
After termination of studies or After graduation
Student pays Latu margin.
1,80% 3.65%
3.65%
1.92%
1.92%
1.92%
Current rate till 31.12.2010
0%
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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
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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
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Price list
Service Amount
Application review Free of charge
Agreement processing 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
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Special offer for SSE in Riga Students
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2010/2011SEB
banka
Studies loan for SSE in Riga
SEB banka Studying loan for SSE in Riga
SEB banka Study loan
Collateral
Guarantor - Stockholm School of Economics in Riga
Borrower or guarantor incomes
Loan amount8000 LVL 11000
EUR11000 EUR
8000 LVL
Loan term up to 10 year up to 10 year
Interest rate
1.5% + 6M RIGIBOR or
4% + 6M EURIBOR
1.5% + 6M RIGIBOR or
4% + 6M EURIBOR
8.5% + 6M
EURIBOR
3% + 6M RIGIBOR
Commition Free of charge 5 LVL
Commition due changes
5 LVL 10 LVL
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Price listSSE in Riga
SEB bank
Service Amount Amount
Application review Free of charge
Free of charge
Agreement processingFree of charge
LVL 5,00
Repayment of the loan before maturity
Free of charge
Free of charge
Processing of documents in connection with amendments to loan agreement or payment schedule upon customer's initiative
LVL 5,00LVL
10,00
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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.
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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.
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Example of monthly payments for state guaranteed and SEB special offer loans
State guaranteed
student loan 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
Total interest rate
1% + 6M RIGIBOR*
0.89% + 6M EURIBOR*
1.5% + 6M RIGIBOR**
4% + 6M EURIBOR**
Interest rate for student (on 26.08.2010) 1.80% 0% 3.53% 5.14%
Interest payment for first months Ls 1.80 € 0.00 Ls 3.60 € 7.50
First year tuition fee LVL 2`460 or EUR 3`500
50% 50%
•* - RIGIBOR and EURIBOR are calculated in January and July
•** - RIGIBOR and EURIBOR are fixated at disbursement day
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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
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Information about Student loans:
Loan agreement processing
Special offer for SSE in Riga Students:
Ziemeļu branch, Kr.Valdemāra street 21, Riga Jānis SproģisTelephone +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.lvor call Client center number 8777
Contacts
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Thank you for your attention!