2023-08-25 20:30:10
The National Program of Scholarships and Educational Credit (Pronabec) from the Ministry of Education (Minedu) explains in this note why it is important to repay this loan within the indicated period.
The educational credits of the Pronabec They consist of a loan to be repaid within a specific term; unlike the Pronabec scholarships that subsidize the studies and do not imply any commitment to repay.
The credits are awarded through public competitions for higher education to begin, continue or complete, those who meet different conditions, such as having a high academic performance or living in a condition of vulnerability. The winners agree, by signing a document, to return the amount financed.
READ ALSO: Scholarships for postgraduate studies: The careers and countries that Pronabec scholarship recipients are looking for
ALSO READ: Pronabec App will guide young people in choosing scholarships according to their academic profile
Like any financial loan, a compensatory interest rate is paid which, in this case, is very low as it is in charge of a State entity, such as the Pronabec. Likewise, in some educational loans the payment term can reach 10 years, after completing the professional career.
An important fact is that the funds earned from the interest paid on educational loans are sent to the Ministry of Economy and Finance, which allocates the money to the construction of schools, hospitals, financing of studies, among other opportunities in favor of the Peruvian population.
credit history
“It is important that the beneficiary pay their repayment fees on time, because this way they will not have default or coercive processes that could affect their credit history. Maintaining an impeccable record will allow financial companies to grant them their products such as credit cards, personal or mortgage loans”, says the director of the Evaluation and Granting Unit of the Educational Credit Management Office of Pronabec, Alejandro Zegarra Anchiluri.
It also explains that, if the beneficiaries fail to comply with their payment schedule, default interest will be imposed, with rates of up to 13%. Likewise, if you stop paying for two months, the credit contract is cancelled, it enters coercive collection and it is reported to the financial system; which will affect your credit history.
The reimbursement or payment is made through the physical and electronic platforms of Banco de Crédito del Perú, Interbank and Banco de la Nación. The platform Págalo.pehas no commission cost and without having to approach a bank agency.
“The beneficiaries of educational loans can take advantage of the support that the Peruvian State gives them with due responsibility in paying their fees. Their credit history, in many cases, begins with this product, so they must be aware of the responsibility they are acquiring”, Zegarra points out.
He Pronabec, since its foundation, has benefited more than 7,000 people with the granting of educational loans. Through the Talent Credit, call 2023, this benefit was granted to 144 more young people who achieved high academic performance and lived in poverty or extreme poverty.
Enjoy your Subscribers Club discounts as many times as you want thanks to your subscription to Management. More than 300 promotions are waiting for you, discover them HERE. And if you are not yet a subscriber, purchase your plan HERE.
#comply #return #educational #credits #Pronabec #explains #Minedu #PERU