Documente Academic
Documente Profesional
Documente Cultură
Full-Time MBA
2012 - 2013
CONTENTS
IESE-Banco Sabadell Global Loan...........3 Loan Conditions and Requirements for Loan Application..........3 Example of Loan Calculations.................4 Banking Products..................................5
International Students.........................5 Alumnos con residencia fiscal en Espaa o Andorra...............................8
Annex................................................. 11
FAQs.....................................................12 Documents Required......................... 14-15 Alumnos con residencia fiscal en Espaa o Andorra........................14 International Students......................15 Contacts...........................................15-16 Bank Guarantee.....................................17 Credit Bureau Certificate........................18
WITH EXPANSIN WITHOUT EXPANSIN WITH BANK WITHOUT BANK ACCOUNT ACCOUNT GUARANTEE GUARANTEE Total tuition financed 72,500 + insurance and other expenses Eur.+ 1.50% Eur.+ 1.50% Annual 8 years (included capital deferment) 24 months 0.85% 0% 0.30% approx. Life 9% approx. 335 57,500 + insurance and other expenses Eur.+ 3.00% Eur.+ 3.00% Annual 8 years (included capital deferment) 24 months 1.35% 0% 0.30% approx. Life 9% approx. 335 72,500 + insurance and other expenses 5% Eur. + 2% Annual 8 years (included capital deferment) 24 months 0.85% 0% 0.30% approx. Bank Guarantee 9% approx. 335 57,500 + insurance and other expenses 7.00% Eur. + 5.50% Annual 8 years (included capital deferment) 24 months 1.35% 0% 0.30% approx. Life 9% approx. 335
Interest rate, first year Interest rate, remaining years Reviewed Repayment period Capital deferment Cost of starting the loan Early cancellation fee Notary fee Insurance Interest for late payment Processing fee for outstanding payment
Spanish Students * Scanned color DNI Latest 2 pay slips 2011 IRPF IESE admission letter
Non-Spanish Students * Color Scanned Passport and Visa if required Color scanned NIE when availed Latest 2 pay slips Latest Income Tax Declaration Credit Bureau Certification or Bank letters certificating good record as a client List of banks where you hold an account Bank Guarantee if required IESE's Admission Letter
* Further information in the Annex.
Complete Program Fees Reservation Fees Total Tuition Fee in November 2012 Total Tuition Fee in September 2013
Total Tuition Financed Costs of Starting the Loan Notary Fee Insurance
Number of Years Financed Number of Years of Principal Deferment Number of Years of Principal Payment First 12 Months Interest Rest of the Period Interests APR
Orientative Monthly Payments *** First Year, Principal Deferment Second year, Principal Deferment 6 next years, Principal Repayment
Expansion Account
Si quieres empezar a disfrutar al mximo de todas las ventajas sin pagar nada a cambio, ahora es el momento. Solo tienes que domiciliar tu nmina (o un ingreso mensual por un importe superior a 700 euros) y un mnimo de tres recibos. Si eres menor de 25 aos, disfrutars de todas la ventajas de la Cuenta Expansin sin necesidad de domiciliar tu nmina ni tres recibos. Cero comisiones: por la administracin y el mantenimiento de tu cuenta. por las transferencias nacionales y a otros pases de la UE que realices en euros, por un importe mximo de 50.000 euros. por el ingreso de cheques en euros domiciliados en una entidad financiera espaola. Devolucin de hasta 20 euros mensuales: te devolvemos, todos los meses, el 3% de tus recibos de luz, gas, telfono, mvil e Internet. Por supuesto, puedes domiciliar todos los recibos que quieras (un mnimo de tres) y nos encargaremos de todo. Tarjetas gratis: tanto de crdito como de dbito, adems de la nueva tarjeta SIN, con la que puedes pagar cmodamente todas tus compras en tres meses sin intereses. Reintegros gratis en los ms de 32.000 cajeros de la red ServiRed: con la tarjeta de dbito y para reintegros iguales o superiores a 60 euros.
Tambin podrs disfrutar de un gran nmero de ventajas: Eleccin de idioma (castellano, cataln, ingls, francs y alemn) en funcin de tus necesidades. Realizars tus consultas y operaciones con total seguridad y confidencialidad, ya que al darte de alta recibirs tu nmero secreto personal (cdigo de acceso) y tu tarjeta privada de claves, que te permitirn acceder con seguridad a todos los servicios. Y, adems, te beneficiars de comisiones ms reducidas que las habituales en determinadas operaciones. Solicita gratuitamente el alta en BS Online en tu oficina o directamente desde Internet.
Transferencias
Gratuidad de las transferencias nacionales y a otros pases de la UE que realices en euros, por un importe mximo de 50.000 euros. Transferencias internacionales (divisa diferente a euros y cantidades superiores a 50.000 euros):
Un aval bancario es un documento que garantiza que el propietario que alquila el piso recibe el importe del alquiler garantizado. Si el inquilino de la vivienda no paga su alquiler, el banco se compromete a pagar el importe garantizado al inquilino. Comisin: 0,50% Cuota trimestral: 1% del importe garantizado (hasta un ao) 1,25% (ms de un ao)
Hay un depsito obligatorio del 100% del importe garantizado. Compra de cheques de viaje: 0,60% (mnimo: 4,81 ) Solicitud de divisas: moneda diferente a la de su cuenta: 1% (mnimo: 4,51 ) misma moneda que la de su cuenta: 2% (mnimo: 4,51 )
Envo de remesas internacionales de cheques personales: 1% (mnimo: 15,03 ) Envo de remesas de cheques bancarios internacionales: 0,60% (mnimo: 15,03 )
Otros Servicios
Servicio de alertas gratuito. Mediante mensajes SMS o bien por correo electrnico, te avisamos de: abono de la nmina disposiciones en cajeros superiores a 150 euros compras y operaciones con tus tarjetas alertas seleccionadas de forma adicional
Nuestro compromisocompromiso de servicio: Reposicin de tarjetas en menos de 72 horas en caso de robo o extravo. Devolucin de los recibos domiciliados del hogar, hasta un mximo de 300 euros y siempre que no existan posiciones deudoras o impagados con el banco de ms de 30 das. Gestin de cambio de domiciliacin de los recibos en un mximo de 30 das. Aviso por correo electrnico y SMS de la falta de saldo.
And enjoy a series of benefits: Choose your language (Spanish, Catalan, English, French or German) adapted to your needs. Your consultations and transactions will be completely secure and confidential. When you register for this service, you receive a personal secret number (access code) and a private code card for secure access to our services. You will also enjoy lower fees for some transactions.
Ask for your free BS Online at your branch or directly on the Internet.
Transfers
ZERO COMMISSIONS For national and inter-E.U. transfers (received in euros or pounds sterling, unlimited amount and for up to 50, 000). For all other transfers between other countries, in other currencies or for greater amounts, the fees are as follows:
OUR SHA Issued * Received 0.60% (Min. 20) 0.60 (Min. 20)
* In all cases, SWIFT charges of 9.62 must be added and for the OUR options a correspondent bank fee of 30 is added. In all cases a mail charge of 0.29 must be added.
A bank guarantee is a document that ensures that the proprietor who is renting the flat receives the rental amount guaranteed. If the tenant of the flat does not pay his or her rent, the bank undertakes to pay the amount guaranteed to the tenant. Commitment fee: 0.50% Quarterly fee: 1% of the amount guaranteed (up to 1 year) 1.25% (over 1 year) There is a compulsory deposit of 100% of the amount guaranteed. Purchase of travelers cheques: 0.60%, minimum 4.81 Currency request: different currency than the one in your account: 1% minimum, 4.51 same currency as the one in your account: 2% minimum, 4.51 Remittance of international personal checks: 1% minimum 15.03 Remittance of international bank checks: 0.60% minimum 15.03
Other Services
Card replacement in under 72 hours in the event of loss or theft, except in the Canary Islands, where this period may be longer. No direct debit of utility bills returned unpaid (water, electricity and gas) up to a maximum of 300 and provided the customer has no debit positions or non-payments with the bank for over 30 days. Changing over your direct debiting of bills within just 30 days and at no charge to you. Your bank at home or on your mobile, with the BS Online and BS Mobile services. Free alerts package: we notify you via text messages or e-mail: when your salary is paid about cash withdrawals of more than 150 as well as purchases and other operations with cards Tax refunds and other alerts that you may select
Annex
FAQs Documents Required
Alumnos con residencia fiscal en Espaa o Andorra International Students
FAQs
Do I qualify? The Global Loan Program is available for all admitted participants in all MBA modalities at IESE Business School. Where to apply? Once you have chosen the option best suited to your profile and your needs, you can begin the loan application process by www.sabadellatlantico.es/IESE/en. All the information is available there. When can I apply? You can apply starting on June 1st. All the documents should reach the bank by then through the website www. sabadellatlantico.es/IESE/en How many times can I apply for the Global Loan? Once. You can apply before the first year for the amount which covers both first- and second-year tuition fees or before the second year only for the amount which covers second-year tuition fees. You can not apply only for the first year and then apply again for the second year. Can I apply for the loan before I receive an offer of admission? No. You must be offered a place in any MBA program before you apply for the Global Loan. Can I use the loan to finance my living expenses? No. The Global Loan only covers tuition fees. Will the bank give me the money so that I give it to IESE Business School to cover my tuition? No. The money goes directly from Banco Sabadell to IESE Business School. Will I see the money in my account? You might see the money in your account for a few days, but will be blocked and you will not be able to use it. It is just part of the process. When do I sign the loan? Before the end of October, in coordination with your Sabadell bank branch. Payments received by IESE must arrive before November 1st. What happens if I have a scholarship or a sponsorship? You can combine the Global Loan with any other source of financing. However, the loan is exclusively designed to cover tuition fees and payments will be made directly from Banco Sabadell to IESE Business School. No reimbursements will be made to students. Therefore, if a student is awarded a scholarship that will be paid directly to IESE to cover part of the tuition fees, the bank will only approve the loan to cover the remaining tuition fees. If you have received a cash scholarship, you can spend it as you wish. It is a good idea to keep that money for living expenses throughout the two years of the MBA and apply for a complete Global Loan. That will keep you out of financial distress. If you still have part of that money at the end of your MBA you can always cancel part of the loan. What is the cost of the bank guarantee to provide if you want to improve the loan conditions? The cost varies depending on the conditions that you negotiate with your bank.
Do I have to open an account with Banco Sabadell? Yes. Once your loan is approved, a bank account at Banco Sabadell is automatically opened. A condition of the loan is that you have to maintain your bank account with Banco Sabadell during the loan repayment period. There are premium conditions for IESE students who apply for the Global Loan, including debit cards, Internet management of the account and any other service from the bank you may need. Please ask your branch for more detailed conditions. When do I repay my loan? The term of the loan will be 8 years (7 if you apply for it in the second year). Please see the financial condition table in page 4. You do not need to make any capital repayment during the MBA. However, you must remember to pay the interest accrued on the principal during the MBA. Is there a capital deferment? By default, if you need a capital deferment and you have applied for the Global Loan in the first year, there are 2 years of capital deferment. If you have applied for the Global Loan in the second year, there is 1 year of capital deferment. Should you wish not to take advantage of this capital deferment please notify the bank. Can I repay my loan early? Are there any administrative charges if I do so? Yes, you can repay it early, in part or completely at any time. Please check the early cancellation fees if any and ask your office for a previous calculation. Am I compelled to use part of my signing bonus from a future post-IESE employer in order to repay my loan? You may choose to do so to relief some of your future financial burden, but there is no requirement that says you must. When will I find out if my loan application has been accepted? A confirmation email will be sent to you once Banco Sabadell has accepted your loan application. Which office should I choose? If you are Spanish, you can choose any office you wish in Spain, but if you are an international student, the bank will offer you the most convenient one for you. Will there be an information session? Yes. We will announce it once we have scheduled it. This information session will be held on Campus around September and will solve any question you might have. What happens if my company pays my tuition fees? Can they use the Global Loan? If your company pays your tuition fees they can use the Global Loan to do so. Please contact the bank to ask for company conditions. Who can I contact from IESE Business School if there is any issue with my Global Loan? The Financial Aid Office is always available for you: faohelp@iese.edu Will IESE Business School supervise my Global Loan process? Yes. The Financial Aid Office from IESE will be up to date with your process. Can I receive extra support from IESE Business School if I need it? The Financial Aid Office aim is to help its students with anything they need concerning their financial needs
Will my account in Banco Sabadell be a common bank account? Yes, and with very competitive conditions. You will be able to use it in your daily life like any other bank account. There is an ATM machine on Campus also available at 0 cost for money withdrawals. What else should I know? You must keep Banco Sabadell up to date with your contact information at the beginning and completion of your studies (i.e., new contact address, details of the job upon graduation, basic salary, bonus, etc). After all, you are a normal client and Banco Sabadell is your financial partner. We are pleased to provide IESE Business School students with the IESE-Banco Sabadell Global Loan. The school is committed to preserving the loans integrity and long-term success. IESE Business School and Banco Sabadell may share information about you which is relevant to your loan at any stage prior to the full repayment of the loan. If you default on your loan, Banco Sabadell will notify IESEs Financial Aid Office immediately. The school can take whatever steps are considered appropriate.
Documentacin
Alumnos con residencia fiscal en Espaa o Andorra
La solicitud del prstamo nicamente se debe realizar a travs de la web personalizada para el IESE: www.sabadellatlantico.es/IESE Una vez escogida la opcin que mejor se adapta a tu perfil y a tus necesidades, puedes comenzar el proceso de solicitud del prstamo a travs de: Solicitar ahora contratar.
Documentacin:
Fotocopia en color del DNI o NIE. 2 ltimas nminas de tu ltimo empleo, sin importar la duracin. En el caso de los estudiantes de segundo ao se refiere al empleo anterior al master. Copia de la Declaracin de la Renta 2011.
Contactos
Departamento de Ayuda Financiera - IESE Sra. Mercedes Valls E-mail: FAOhelp@iese.edu Telfono: +34 93 253 42 00 BANCO SABADELL OFICINA DIRECTA Sr. Olivier Martnez Email: info@bancsabadell.com Telfono: 902 323 000
Documents Required
International Students
DOCUMENTS REQUIRED
Passport, NIE, DNI. We need a high-definition scan of these documents. Last 2 pay slips. From your last employer, no matter how long ago. For second-year students, the pay slips will be from the employer before the MBA, not the Summer Internship. Last Income Tax Return. It should be the 2011 return for the first year and the 2010 return for the second year. Nevertheless, in some countries this document is automatically done by companies. In this case, send a signed letter in which you state why you do not have this document. A letter from your previous employer must also be sent with this document, stating your annual salary and the amounts that they sent to the administration for income tax purposes. Credit bureau certificate or bank letters. We need to know that you have an excellent rating with the bank. This can be done in two ways: By obtaining certificates from a credit bureau regarding your credit history (please see examples of valid bureaus in the Annex). By sending letters from all your banks in which they clearly state that your credit record has always been correct or excellent.
Bank guarantee. It must cover the full amount of the loan for the complete repayment period (Please see example in the Annex). Remember that what you have to send now is a proposal made by your bank. You must wait for authorization from Banco Sabadell to sign it. If you want to this offer, please contact info@sabadellatlantico.com
Where DO I apply?
Once you have chosen the option best suited to your profile and your needs, you can begin the loan application process by visiting www.sabadellatlantico.es/IESE/en
Contacts
Financial Aid Office Ms. Mercedes Valls Email: FAOhelp@iese.edu Banco Sabadell Mr. Olivier Martinez Telephone: 902 323 000 Email: info@bancsabadell.com
Bank Guarantee
TO BANCO DE SABADELL, S.A. - SPAIN
As security for credit facilities granted and/or to be granted by Banco de Sabadell, S.A. to .................................................... ............................................................................................................................................................................................ (clients name).
We................................... , hereby irrevocably undertake to pay Banco de Sabadell, S.A. on first demand, irrespective of the validity and the effects of the abovementioned credit facilities and waiving all rights of objection and defense arising from said credit facilities, any amount up to ........................................ (amount in figures and words), plus interest commissions and all other charges, upon receipt of your first demand for payment in writing or by duly encoded telex or authenticated SWIFT certifying that the amount claimed has become due to you and remains unpaid. The total amount of this letter of indemnity will be reduced by any payment effected by us in this connection. Our present undertaking is valid until ......................................... .
Credit Bureau
COUNTRY
Austria
CREDIT BUREAU
KSV/Central Public Registry
INFORMATION
ACCESS
CHANNEL
Via website
Belgium
Via website
Denmark Finland
Negative Negative
www.experian.dk www.finska.fi
Not available Free if requested once a year; otherwise E10 CRIF free Experian subscription cost, unknown
Italy
CRIF/Experian
Via website
Germany
Schufa
Via website or telephone. Cost: E8 (future Information sent by post. online access: E15) Immediate online access in progress. Via website Free
Portugal
Negative
www.crediformacoes.pt www.bportugal.p
Positive and Negative www.experian.nl www.bkr.n Positive and Negative www.equifax.co.uk www.experian.co.u Positive and Negative Application by letter Positive and Negative www.experian.ie www.icb.i
Camino del Cerro del guila, 3 (Ctra. de Castilla, km 5,180) 28023 Madrid, Spain