Erste Banka offers a special dinar loan whose purpose is the payment of tuition fee at post-secondary schools and faculties. The main advantage of this loan is the grace period of up to 48 months during which the principal is not repaid. In addition, the interest rate is several percentage points lower than for a standard cash loan.
The loan amount that Erste Bank approves for tuition fees ranges from 50,000 to 300,000 dinars. The repayment period is 36 months, and the customer can use a grace period of up to four years. If the customer opts for a loan with a grace period, loan repayment will start after the expiry of that period, during which only the interest is paid. The level of interest rate will be determined depending on whether the customer has opted for a loan with or without a grace period.