A EUR 5,000 interest-free advance? I’ll take it!
Mary has decided to go to university in Luxembourg. She’s received the state-guaranteed student loan (AideFi) letter of acceptance.
She also gets an interest-free advance of EUR 5,000 from BGL BNP Paribas(1)(2) to help with the cost of settling in while she waits for the first disbursement of her state-funded student loan.
She’ll pay back the advance with no extra fees once her state-guaranteed student loan (AideFi) becomes available.