Intesa Sanpaolo Bank - "Per Merito" Loan
All students with European citizenship enrolled in the World Bachelor in Business program can apply for a "Per Merito" loan thanks to the agreement between Bocconi University and Intesa Sanpaolo bank.
Granting of loans shall always be subject to evaluations carried out but the credit institute.
The requirement for World Bachelor in Business program students to access loans is definitive enrollment in the first year.
The loan application is made online by the student through the Banca Intesa Sanpaolo procedure.
The maximum amount that can be requested is €48,000 if the application is made in the first year.
The University and the bank will evaluate the loan applications within a maximum of one month.
Please note that applications from students enrolled in their first year can only be submitted from the second half of September onwards.
The outcome of the loan application is sent to the student by email. After receiving this email, the student must go to an Intesa Sanpaolo branch to open a current account.
N.B. Please note that it is the student's responsibility to apply for funding in accordance with their personal needs and administrative deadlines, such as the payment of academic fees. In fact, the release of funds by the bank does not necessarily align with university administrative deadlines, but will take place every six months after the first installment has been disbursed.
Loans are granted in the form of opening a line of credit in a current account.
The first disbursement will be released by the Bank after the approval and the opening of the line of credit.
The following disbursements will be on a six-monthly basis.
| Year of enrollment at the moment of application | Maximum length of the loan in years | Amount of each six-monthly installment | Number of installments | Maximum amount |
| 1 | 4 | € 6,000 | 8 | € 48,000 |
| 2 | 3 | 6 | € 36,000 | |
| 3 | 2 | 4 | € 24,000 | |
| 4 | 1 | 2 | € 12,000 |
After the first year, continuation of the credit line is subject to passing all but one of the exams required by the study plan.
If the student no longer meets the requirements for the second part of the loan, the one-year bridge period will begin early.
If the student fails to meet the requirements for maintaining the loan, which are a condition for the disbursement of the tranches following the first one, three times, the bridge period will not be granted and the credit facility will expire. The student will therefore be required to repay the amounts due.
In the event of withdrawal from studies or transfer to another university, the moratorium period shall commence on the date on which the lending bank is notified of such circumstances.
Six months after the last installment of the loan plan or, if earlier, after graduation, the beneficiary is granted a one-year period during which no repayment of principal or interest is required.
In the event of withdrawal from studies or transfer to another university, the moratorium period shall commence on the date on which the lending bank is notified of such circumstances.
By the end of the bridge period, the student must go to the branch where the loan was taken out and define the repayment plan for the repayment of the sums. The amounts used accrue interest, which will be debited from the current account and capitalized annually. The repayment plan may not exceed 180 months and will be made through monthly installments of a constant amount including principal and interest. The student retains the right to repay the debt early, in whole or in part, at no additional cost.
Interest rates:
> Current account credit facility: EURIRS 10 years recorded on the penultimate working day of June prior to signing + 1.30%.
> Installment loan up to 10 years: EURIRS 10 years recorded on the penultimate working day of June prior to signing + 1.30%.
> Installment loan over 10 years (up to 15 years as per current agreement): EURIRS 15 years recorded on the penultimate working day of June preceding the agreement + 1.50%.
N.B. For all conditions not specified in the table, please refer to the Information Sheet provided by the bank.