OREANDA-NEWS. April 21, 2011. Ukio bankas accepts loan applications from students until 17 May for State-supported loan for the spring semester of 2010/2011. The loans may be granted to pay for costs of living (up to LTL 3 250) or to pay for partial studies under international (cross- institutional) agreements. Term for loan applications for study years 2011/2012 acceptance will be determined by the State Studies Foundation, reported the press-centre of Ukio Bankas.

„We invite students to take advantage to receive State-supported loan. We do not apply loan documents processing fee for them at Ukio bankas. The question of funds is very relevant for students since these loans – a perfect opportunity to borrow the funds under favorable terms,” – said Mindaugas Pasvenskas, Head of Ukio bankas Credit Unit.

Variable interest rate is applied for State-supported students loans that consists of three months VILIBOR and margin. Students included in the list of students eligible for concluding State-supported loan agreements compiled by the State Studies Foundation can take out State-supported loans. Reduced loans may be issued to pay for the studies – up to LTL 5000; to pay the costs of living – up to LTL 6500 (up to LTL 3 250 in the spring semester of the study year 2010-2011; to pay for partial studies under international (cross-institutional) agreements up to LTL 7800. The loans may not exceed the amounts indicated by the Foundation. Period of loan repayment – within 15 years from the beginning of loan repayment in equal monthly installments, 12 months following completion of the studies, termination of studies or striking the borrower off the list of students.

More information on State-supported students loans is available at Ukio bankas Branches and Client Service Units or website www.ub.lt.