Training and Studying Credit

If you want to continue your studies, do not hesitate. Thinking of you, BCA has the solution.

BCA MASTER

Financing of expenses related to the frequency of Master's degree courses for individuals with a fixed employment relationship.


Amount:
maximum of 540 CVE


Maximum term:
5 years


• Usage:
15 months
Refund: 30 months after the end of the period of use


Interest rate:
The benchmark rate is 12.5%, making a spread based on the associated products and types of guarantees.




1. Youth Savings













• Less than 6 months old .................. 0.25%
• Between 6 and 12 months .................. 0.5%
• With more than 12 months .................. 0.75%


2. Warranty



• Real guarantee (Time deposit, State securities, Corporate bonds listed at BCV) .................. 2%
• Real Guarantee that covers the 110% of the credit (Mortgage) .................. 2.75%


Disbursement mode:

Disbursement for quarterly and anticipated tranches.


The customer may at any time desist from the use of amounts not yet disbursed and initiate repayment of the capital used.


Repayment and payment of interest:


In the period of use:



• Interest is calculated and collected monthly plus charges (taxes, commissions and other expenses).
• Capital amortization, at the value of the remainder, if the client chooses to make deliveries in excess of the interest and charges referred to in the previous paragraph, to be agreed in the contract or at the initiative of the borrower.


In the repayment period:


• In monthly and successive installments of capital, interest and other charges.
• Early repayments will not be penalized and must be made on dates coincident with the repayment installments of the loan.
• Applications for early repayment of the loan must be communicated at least 30 days in advance.
• Failure to comply with the clauses of the agreement, the releases cease, and can start immediately if the repayment period.



Other charges:




• Opening and management committee .................. 1.50%



Warranty:



• Third party guarantee;
• Security deposit, signed by the borrower, accompanied by a contract letter;
• Capping of financial investments constituted in BCA;
• Real guarantees;


Necessary documents



• Letter of request for funding;
• Photocopy of identification document of the proponent (s) and guarantor (s);
• Statement of income of the guarantor (s);
• Vague statement;
• Certificate of enrollment;


Other information



• Guarantee with proven payment capacity (effort rate can not exceed 30%);
• Vague statement;











• Certificate of enrollment;
• Particular with a fixed employment relationship;
• Easy access to other BCA products (COE, credit / debit / prepaid card.

BCA UNIVERSITARIO (UNIVERSITY)

Financing of expenses related to the attendance of higher education directed to private clients: short courses, graduation, distance learning course, degree, specialization, masters / doctorate and computer acquisition.


Amounts:



For studies



• 400 CVE/ year - maximum of 2000cts (bachelor's degree)
• 560 CVE / year - maximum of 2800cts (masters and PhD)


For computer acquisition



• Up to 120 CVE


Term:


10 years


Use - 60 months


Reimbursement - 60 months (starting after the end of the period of use)


• Up to 36 months for computer acquisition.


Interest rate:


The reference rate is 12.5%; the operating rate is determined by applying a spread according to the associated products and types of guarantees.


1. Youth Savings



• Less than 6 months old .................. 0.25%
• Between 6 and 12 months .................. 0.5%
• With more than 12 months .................. 0.75%


2. Warranty



• Real guarantee (Time Deposit, State Securities, Corporate Bonds listed at BCV) .................. 2%
• Real Guarantee that covers the 110% of the credit (Mortgage) .................. 2.75%


Disbursement mode:


Disbursement for monthly and constant tranches, unless the borrower opts for 10 months a year, in which case a disbursement plan will be agreed upon.




The customer may at any time desist from the use of amounts not yet disbursed and initiate repayment of the capital used.




Repayment and payment of interest:



In the period of use:









• Interest is calculated and collected monthly plus charges (taxes, commissions and other expenses).
• Capital amortization, at the value of the remainder, if the client chooses to make deliveries in excess of the interest and charges referred to in the previous paragraph, to be agreed in the contract or at the initiative of the borrower.


In the reimbursement period:



• In monthly and successive installments of capital, interest and other charges.
• Early repayments will not be penalized and must be made on dates coincident with the repayment installments of the loan.
• Applications for early repayment of the loan must be communicated at least 30 days in advance.
• Failure to comply with the clauses of the contract, the releases cease, and can start immediately if the repayment period.


Other charges:

Opening and management fee .................. 1.50%


Warranty:



• Third party guarantee;
• Security deposit, signed by the borrower, accompanied by a letter of agreement;
• Capping of financial investments constituted in BCA;
• Real guarantees.


Necessary documents



• Letter of request for funding;
• Photocopy of identification document of the proponent (s) and guarantor (s);
• Statement of income of the guarantor (s);
• Vague statement;
• Certificate of enrollment.


Other information



• Guarantee with proven payment capacity (effort rate can not exceed 30%);
• Vague statement;
• Certificate of enrollment and proof of school achievement in the previous school year;
• Easy access to other BCA products (Special Ordered Account, credit / debit card / prepaid card);
• Benefit from a grace period during training.

TRAINING CREDIT WITH MUTUAL GUARANTEE

Line of credit in the medium and long term, resulting from the Protocol signed with MESCI, destined to finance expenses related to the attendance of higher education directed at private clients: Undergraduate and Postgraduate courses with Cape-Verdean nationality.


Amounts:



• 250 CVE / year - maximum of 1,000 CVE


Terms:
4 years, considering completion of course without failures.
Usage - depends on the duration of the course;
Reimbursement - twice the time of the training / use period (starting immediately or after the grace period);


Interest rate:


The rate of Assignment of BCV (currently 8.75%) + spread Max.1%; The operating rate is determined by applying a "spread":


• 0.5% .................. students with average scores> = 14 GPA











• 0.75% .................. students with average grade> = 16 GPE


Disbursement mode:




• Disbursement for monthly tranches and of equal amount in the account of the borrower;


In the period of use:


The provision will be made in monthly installments and of equal amount in the account of the borrower.


• The amount of monthly fees will be transferred directly by the Bank to the University account indicated by the student on the credit engagement date;


In the repayment period:



• In monthly and consecutive installments beginning immediately after the grace period.
• Applications for early repayment of the loan will not incur any penalty.


Warranty



• Guarantia of CV Assurances;
• Comfort letter (provided by BCA);
• Declaration of accountability of parents or guardians regarding the monthly payment of interest.


Necessary documents



• Application file and DGESC opinion;
• Comfort letter signed by the borrower's parents;
• Declaration of accountability of parents, or guardians, regarding the monthly payment of interest;
• Photocopy of identification document of the proponent (s);


Other information



• Being a BCA customer;
• Monthly household income of the candidate not exceeding 200,000 $ 00;
• Have a high school completion rate of at least 14 values;
• The applicant can not be beneficiary of scholarship study;
• No incidents / incidents at Banco de Cabo Verde Risk Center;
• Benefit from one (1) year grace period upon completion of the course;
• Interest due is reduced by 50% by the State of CV;

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