Work&Travel loan

Travel with an advantage

Work & Travel is one of the most popular international student exchange programs. This program is for those advanced students who do not want to waste their holidays, but for those who prefer to spend summer usefully, who are interested in studying and practicing their English skills, who have a desire to see the American Culture from inside, who dreams about striking and memorable experience!

What will W&T give you?
- Full immersion into the language environment and American multinational culture.
- The prospect of excellently spending your free time and making friends from all around the world.
- Opportunity to earn good money.
- International internship experience in foreign companies will make your CV more attractive for employers.
- Opportunity to travel around the U.S. and get a lot of pleasant impressions.

Conditions:

Loan Purpose

Participation in the program Work & Travel

Currency of loan

USD

Amount of loan

USD 500 up to USD 3 5000

Maturity

From 3 months to 6 months

Interest rate*

25%

One-time interest

1% for the loan amount

Repayment

Interest – monthly, principal debt – at the end of loan term

Penalty for early repayment
Commision free

Penalties for violations of maturity

10% per annum in addition to the normal rate - charged on the entire amount of the comprehensive debt

Collateral
Real estate, located in cities and suburbs of: Bishkek, Osh, Djalalabad, Naryn, Karakol, Uzgen or Kochkorata.

Pledge must cover the loan amount at least 2 times.

Guarantor One of the parents or close relatives of the student

Requirements to borrowers

Residents of Kyrgyzstan, students of technical specialized schools, universities, MA students, students participating in qualification improvement courses

Additional condition When applying for the loan, student must provide his/her contract of participation in W&T program

Additional information: www.concept.kg

*- Effective interest rate: from 18,12%