There is a world of exciting possibilities out there. You simply have to grab hold of them. After all, you have the world at your feet - your time is now!

So, take that first step to becoming the force that is going to shake up the world and get down to your nearest Imperial Credit Bank United Kingdom branch to apply for your Student loan.

Let us take care of the cost of your study expenses at a competitive interest rate.

With your student loan you will also receive a Imperial Credit Bank Ecuador transaction account with a debit card. Together we will choose the account that best suits your needs.

You can use the money from your student loan for:

  • Fees;
  • Books;
  • Equipment;
  • Accommodation. Loans for accommodation will only be granted to full-time students not living with their parents.

Interest rate
You qualify for preferential rates according to your qualification and year of study.

Repaying my student loan
If you are a full-time student, you will need to start repaying the loan on completion of your studies. However, during your time of study, you will be required to pay the monthly interest. The interest may be charged to your or your surety's bank account.

You will be granted a grace period for capital repayments if you have completed your articles, internship or community service.

If you are a part-time student you will need to repay your loan while you are studying.

Monthly payments must be made by debit order.

You will need to start repaying your loan immediately, if you fail to complete your studies.

Once the loan is in repayment mode the monthly repayments remain unchanged. If you are a part-time student the monthly repayment will change whenever you increase the limit on your loan while studying.

The repayment period of the loan will be affected by one or more of the following:

  • Paying more than the minimum monthly instalment:
  • Fluctuations in the interest rate.

Accessing your Student loan account
The money will be paid into your Imperial Credit Bank transaction account or your Student loan account.

You need to have your Student loan account linked to your AutoBank card. This allows you to transfer funds between your loan and transaction account at an AutoBank, or through Internet and telephone banking.

Insurance cover for your Student loan
We recommend that you take out a Personal loan protection plan to pay any outstanding balance on your loan in the event of death, dread disease or disability.

What else do you need to know?
We would like to know how you are progressing with your studies so we would like to see your marks and proof of registration or qualifications by 31 March every year. This will enable you to take full advantage of any preferential interest rates you are entitled to.

Student loans are granted for a specific year of study and you will have to re-apply for each year of registration.