Fund your sports management studies at AMOS

By putting students in contact with banking organisations, AMOS lets you not only obtain a loan that meets your requirements but also one with very advantageous conditions.

How does it work?

• STEP 1

  The student is referred to different banking organisations free of charge in which AMOS has relevant contacts.

• STEP 2

  The requested banks evaluate applications based on their own criteria. The student is then notified as to whether the request will be granted.

• STEP 3

  The student arranges an appointment with the bank or banks selected.

• STEP 4

  The student prepares their file, goes to the bank and signs the loan agreement.

Yes, it is certainly possible for students to apply for a loan from a different bank, although it is recommended to get one from your current bank if possible.

How to proceed:

At first, it is best to consult your current bank advisor, as they may offer you a loan on advantageous terms as a reward for your loyalty.

After this it may be worthwhile to go and visit competing banks, not only to see if you can find a better offer but especially to be able to negotiate with your current bank ("If you do not give me a better offer than bank X, I will leave your bank.")

If the most advantageous loan offer is at another bank and you decide to take it, there is nothing stopping you from keeping your account at your old bank.

Banks are always willing to compromise so do not hesitate to negotiate with them.

Student loan contracts do not always go hand in hand with paid studies. Some students study for free but still need funding for daily expenses. Thanks to student loans, you can fund your student life in its entirety without ever having to justify your expenses to the bank. In fact, a student loan can be taken out whether you are a private school or university student and can be used for all kinds of things: for example, to pay for your monthly rent or your shopping, to buy a new computer, to go on a trip or to live abroad during your studies abroad.

Before taking out a loan, you must take all your expenses and income into account. It goes without saying that this is provisional and somewhat uncertain data, but is essential to determine your funding needs. It is a good idea to draw up a summary table listing your income and expenses like the one below :

•  If the result is positive, it shows that you have a need for funding

•  If the result is negative, you are able to fund things yourself.

Bank credit represents a risk for students but also for their bank. The bank carefully examines your file before giving an answer, taking the following into account:

• The ability to pay back the loan: the student’s studies are one of the first things the bank looks at. Depending on the chosen educational institution, course and academic level, the bank will estimate future income, assessing repayment capabilities.
• Financial guarantee: Banks very often ask for guarantors to minimise their own risk of indebtedness.
• Your banking history: There is the National Personal Credit Loan Incident File and the Central Check File that allow banks to verify that the student has not had any payment   or repayment incidents. Before any loan agreement takes place, these documents are closely examined. Banks also take into account the guarantor’s financial situation.
• Your personal situation: Both the student and guarantor’s personal situations are analysed by the bank (studies, family situation, employment...)

Decision: Bank managers have maximum amounts of credit to grant that cannot be exceeded. They must sometimes refer to their head office for authorisation. Once all the relevant information has been examined, the bank makes its final decision.

Please note: Banks are fully aware of your financial situation, so there is no point in lying. Be honest!