As of this month, Postbank is offering target consumer loan for business education around the world, which is unique on the Bulgarian market. The loan may be used to pay the tuition fees on various programmes, such as Master of Business Administration, Executive Master of Business Administration, Advanced Management, etc. The new product has been developed in response to the growing interest to education funding that paves the way to a career growth and development, which has been noted by the bank in recent years.
The product will be presented for a first time at the Access MBA event, which will take place on 11 May in Intercontinental Hotel in Sofia. At the event, all who are interested in MBA education and other programmes of various prestigious universities will have the chance to meet the university representatives and receive information how to fund their education in the selected university using Postbank. The registration for the event is free and may be done online.
“The education is a life-long process and is an actual investment in the future and career. We, at Postbank, always focus on it because we are trying to create conditions for the development of a knowledge-based high value-added economy. In the last few years we have noted that an increasing number of consumers are seeking additional funding to cover their costs on various educational programmes.”
“We decided to support them and we created a special product for them that will make it easier to cover their education expenses. We want to give them the opportunity to realize their potential, to gain new knowledge and competences, to expand their contact network, to grow as capable and responsible business leaders. The loan is very suitable for employees of medium-sized and large companies, owners and managers, IT experts, and financiers and marketers. And since we know that education often requires travelling, it is important for us to provide comfort to our customers by offering comprehensive services. The credit cards of the highest class, issued by the bank, provide a number of additional advantages and special privileges, such as priority service when travelling, free insurance coverage and booking discounts in various accommodation locations,” Postbank commented.
The maximum amount of the new loan is BGN 70,000 with a 120-month repayment period. Upon a salary transfer to the bank under the My Family, My Advantage or My Prestige packages, and the use of insurance coverage under the Payment Protection programme, the borrower enjoys attractive interest rate nearly twice as lower than the interest rates on newly issued loans in BGN according to the BNB interest rate statistics as of February 2019. The customers may take advantage of up to 24-month grace period, which covers the education term, and during which period, only the interest on the loan is due.
The customers may apply for the loan quickly and conveniently in Postbank’s broad network of financial centres, online at www.postbank.bg, at short number *7224 or after a consultation with a mobile bank expert at [email protected].