Looking to advance your education but worried about the financial strain? At APS Bank we offer the ideal solution to support your academic journey with our APS Booost Student Loan.
Whether you are aiming to pursue studies locally, internationally, or via distance learning, our student loan is designed to ease the burden of tuition fees and related expenses, allowing you to focus on your education. In this article, we will delve into the features and benefits of our APS Booost Student Loan, and highlight how this can help you pursue your dream course without financial worries.
About the APS Booost Student Loan
The APS Booost Student Loan is designed to empower students aged between 18 and 40 who would like to pursue courses recognised at MQF level 5 or higher, lasting 1 to 5 academic years. This student loan covers an array of expenses, including tuition fees, living and accommodation costs, as well as any other financial burdens associated with your educational journey.
With loan amounts ranging from €5,000 to €50,000, and a repayment term not exceeding 10 years (including a maximum “repayment holiday” on capital repayments of 5 years, depending on the course duration), APS Booost ensures you have the financial support you need to achieve your academic goals. An additional maximum amount of €1,500 may be granted as part of the loan for the purchase of a computer or laptop.
Who Should Apply and How
The APS Booost Student Loan is open to any adult under the age of 40 looking to pursue higher education locally or through distance-learning. If you are employed on a full-time basis, in addition to the loan amount you can also apply for an overdraft of up to €5,000 based on your monthly income.
To start your application for the APS Booost Student Loan, you will need to provide the following documentation:
- A compelling motivation letter outlining how your chosen academic course aligns with your future career aspirations.
- A comprehensive Curriculum Vitae (CV).
- Scanned copies of your academic qualifications.
- The course curriculum provided by your educational institution.
- A formal letter of acceptance from the relevant institute or university.
- A letter of reference attesting to your character and integrity.
- Copies of your valid ID card (and your spouse’s if applicable).
- Our budget planner, which is available for download on our website to assist you in managing your finances effectively.
Interest Rates and Fees
At APS Bank, we offer competitive interest rates to ensure that your student loan remains affordable. We understand that transparency is key, which is why we provide clear guidelines on fees in line with our Tariff of Charges. We invite you to book an appointment at one of our branches to get to know more about the competitive interest rates we offer on the APS Booost Student Loan. Our goal is to make your educational journey as smooth and cost-effective as possible.
Pursue Your Dream Course with APS Bank
Investing in your education is one of the best investments you can make for your future. Now, with the APS Booost Student Loan, you can pursue your dream course without financial worries.
Take the first step towards achieving your academic aspirations by applying for the APS Booost Student Loan today. Let us be your partner in education, guiding you every step of the way towards a brighter future.
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Approved and Issued by APS Bank, APS Centre, Tower Street, Birkirkara BKR 4012, Malta. APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994. The Bank is a participant in the Depositor Compensation Scheme established under the laws of Malta. Applications are subject to the Bank’s lending criteria. Terms and conditions apply and are available on request.
