our offering
advance on scholarship or grant money

Advance on scholarship or grant money

Loans

An overdraft authorization to help students with a scholarship or grant cover back-to-school expenses as they wait for their money to come through

Avance sur bourse

The advance on scholarship or grant money is in the form of an account overdraft authorization, to help scholarship students from 18 to 29 years of age deal with back-to-school expenses as they wait for their money to come through(1).

  • FIXED APR
  • 0% to 1.01% according to the amount granted(2)

(1) Subject to application approval by BNP Paribas.
(2) This offer is subject to conditions and the approval of BNP Paribas.

In detail

Peace of mind

Immediate benefitsGet the school year off to an easy start

An advance on scholarship or grant money in the form of an overdraft authorization allowing you to cover back-to-school expenses as you wait for your money to come through.

Rates

preferential ratestailored to you

Benefit from a favorable annual borrowing rate, from 0% to 1.01%, according to the amount of your loan.

Repayment

EARLY, PARTIAL OR IN FULLYOU CHOOSE

You have the possibility to repay your loan early with no fees(3).

(3) Subject to the approval of BNP Paribas.

Guarantees

simplicityno guarantee required

BNP Paribas does not require any guarantees, personal or otherwise, to set up an advance on scholarship or grant money.

Please note

Scholarships and/or grants are provided by the CROUS (Centre régional des œuvres universitaires et scolaires), a regional French organization providing students with grants and other services, the State (Ministries, Regional Councils) or Europe (Erasmus, etc.).

Further details

Example of an advance on scholarship or grant money in the amount of €1,000 over 10 months, no insurance offered:

Fixed APR: 0.00%(4)
Installment payment amount: €1,000, to be repaid in just one installment at the expiration of the agreement.
Total amount due: €1,000

Please note that a loan is a legal commitment and must be repaid. Remember to verify your ability to repay before signing up.

For example: for an advance on a scholarship or grant in the amount of €1,000 total over 10 months, you would repay the €1,000 in just one installment. No application fee. Fixed borrowing rate of 0.00% per year. Fixed APR of: 0.00% Total amount owed by the borrower: €1,000. Interest: €0.

(4) Annual Percentage Rate in effect as of 2014-12-01. Subject to application approval by BNP Paribas. You have a legal withdrawal period of 14 calendar days from the date when you accept the loan agreement.

Detailed characteristics of the

Advance on scholarship or grant money

Download the pdf

  • Eligibility, amount, term, interest rate
  • Guarantees, supporting documents, legal withdrawal period, availability of the funds
  • repayment, END OF TERM
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Eligibility

To be eligible for an advance on scholarship or grant money, you must be a student of 18 to 29 years of age who has received a scholarship or grant notice from the CROUS, the State (Ministry, Regional Council, etc.) or Europe (Erasmus, etc.)(1).

(1) Subject to application approval by BNP Paribas.

Amount

You can borrow an amount ranging from €400 to €3,000.

The advance on scholarship or grant money amount may not, in any case, be larger than the amount granted by the CROUS, the State or Europe.

Term

The term of an advance on scholarship or grant money ranges from a minimum of 3 months to a maximum of 12 months.
You must repay your advance on scholarship or grant money by the 30th of June of the current academic year at the latest.

Interest rate

You can benefit from either an annual nominal interest rate of 0% or a fixed APR of 0% for amounts between €400 and €1,000(2); for amounts between €1,001 and €3,000, the annual nominal interest rate is 1.00% and the fixed APR is 1.01%.(2)

(2) Annual Percentage Rate in effect as of 2014-12-01. Subject to application approval by BNP Paribas. You have a legal withdrawal period of 14 calendar days from the date when you accept the loan agreement.

FAQ ()

In addition

  • Prêt ÉtudiantsLoansStudent Loan A loan that allows students to carry out their plans and dedicate all their energy to their studies.
  • Prelib'CampusLoansPrélib'CampusA special student loan for back-to-school expenses.
  • MobileoProperty insuranceMobileoInsurance for your mobile devices (smartphones, portable computers, handheld devices, images and videos, etc.).

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