Crédito Pessoal Educação - Education Loan
Helping you prepare for your professional future
Education Loan
Amount
€1,000 to €20,000
Term
6 to 120 months
Rate from
APRC. 8.0%
Nominal annual rate. 7.100%
Education Loan with different limits
How to apply for Education Loan?
Discover our loan
Find the right monthly repayment for your needs, from €1,000 to €20,000, with 6 to120 month-terms.
Contact request
Submit your contact request now.
Approval within 24 hours
Approval on the next business day. You will have the money in your account within 48 hours.
General features
• This long-term credit is designed to finance study-related expenses:
• Undergraduate degree, Postgraduate degree, MBA, Master’s, Doctorate, Erasmus or other international exchange programmes
• Enrolment fees, tuition fees and other eligible expenses
Note 1. In cases where an undergraduate degree and a master’s degree are integrated into the same course, and only in those cases, they may be financed under a single credit operation, provided the financing amount and term limits established for this product are complied with.
• Minimum term. Equal to the period of utilisation , recommended
• Maximum term. 2x the period of utilisation, up to a maximum of 60 months
For students of the AWA Pilot Aviation School, SevenAir and L3, the maximum repayment term is 84 months.
Note. In all cases, the total term, utilisation plus grace period plus repayment, cannot exceed 120 months.
• Minimum term. 6 months
• Maximum term. 60 months
This period must be equal to the course duration and cannot exceed either the course duration or the number of months remaining until completion.
During this period, the financing amount will be made available according to one of the following schedules:
• Annual. 1 tranche released in September
• Half-yearly. 1 tranche released in September and another in January
• Monthly. Monthly tranches 10 times per year, from September to June inclusive
Interest rate according to the novobanco price list in force for this Education Personal Loan.
Check with a branch.
Fixed interest rate from 4.85%, calculated on the basis of the customer’s relationship with the bank.
Requested amount. €15,000
Financed amount. €15,000
Initial principal grace period. 24 months
Repayment term. 96 months
Total term in months. 120
Fixed nominal interest rate. 4.85%
Instalment during grace period. €88.75
Instalment after grace period. €207.38
APRC. 8.0%, including Stamp Duty on the use of credit and on interest
Nominal annual rate. 7.100%
MTIC. €22,388.09
Rates in force for contracts entered into in the 3rd quarter of 2026. Subject to commercial approval. This does not replace consultation of the legally required pre-contractual and contractual information.
Other consumer credit purposes
Education Loan
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LEGAL INFORMATION
Minimum rate in force for contracts entered into in the 2nd quarter of 2026. Subject to commercial approval. This does not replace consultation of the legally required pre-contractual and contractual information.
The information provided in this simulation is for information purposes only and does not constitute a credit proposal.
TAN. Annual Nominal Interest Rate applied on an annual basis to the credit amount, excluding other charges or taxes.
TAEG. Annual Percentage Rate of Charge, the rate that reflects the total cost of the credit. It includes charges such as commissions, expenses and taxes related to the credit.
MTIC. Total Amount Payable by the Consumer. This is the sum of the total cost of the credit, including interest, commissions, expenses, taxes and charges, plus the total amount of credit granted.
Product marketed by NOVO BANCO, S.A., with registered office at Campus do novobanco, Av. Dr. Mário Soares, Taguspark, Building 1, 2740-119 Porto Salvo, registered with the Autoridade de Supervisão de Seguros e Fundos de Pensões as an Insurance Agent under number 419506141 since 21.01.2019. Authorised to market Life and Non-life insurance from insurers GamaLife, Mudum Seguros, Generali Seguros S.A., Europ Assistance, GNB Fundos de Pensões and Coface. Without powers of representation of insurers for entering into insurance contracts. Without powers to receive insurance premiums and does not assume risk coverage. All information about the Insurance Agent can be consulted on the ASF website.
Contracts entered into by GamaLife - Companhia de Seguros de Vida, S.A., Rua Castilho, nº 26, 4th floor, 1250-069 Lisbon, Apartado 24048, Loja CTT Campo de Ourique (Lisbon) 1251-977 Lisbon, Portugal, Share Capital €50,000,000, Company and registration number 503 024 856, registered with the Lisbon Commercial Registry.
Contracts entered into by Mudum - Companhia de Seguros, S.A., Rua Castilho, nº 26, 4th floor, 1250-069 Lisbon, Apartado 24047, Loja CTT Campo de Ourique (Lisbon) 1251-977 Lisbon, Portugal, Share Capital €15,000,000, Company and registration number 503 718 092, registered with the Lisbon Commercial Registry.
This message does not replace the consultation of the legally required pre-contractual and contractual information.
PUB | NOVO BANCO S.A. | Registered no. 7 at Banco de Portugal