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State Guaranteed Loans

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Loan Term and Amount

State guaranteed loan is another form of financial aid that must also be repaid. It is offered only to students admitted to the Engineering and Business Schools.

The loan recipient can benefit from a maximum of 10,000 DH/semester over 10 enrolling semesters. This loan program provides students, even those with no financial need, with long term loans payable over a reasonably long period and with especially attractive interest rate (6.95% + TVA). This interest rate is the same rate applied to the in-school, and repayment periods. Repayment is made in the form of equal monthly installments and starts just after the last bank receipt released to the order of AUI or after student's withdrawal from the University.

The student may apply for the state guaranteed loan at any semester; however the final decision is subject to the bank approval based on adequate supporting documentation.

For more details, please see the table below:

Description Bachelor or Master Candidate
Authorized Global Loan amount 100,000 DH
Maximal Amount Released/Semester 10,000 DH
Maximal Loan Term 12 years
Studies Term 5 years
Refunding Term 7 years
Interest Rate during In-school Period The 5 years of studies term
The 5 years of studies term To be negotiated between the banque and the beneficiary
Interest Rate during Refunding Period To be negotiated between the banque and the beneficiary
CCG Fees 1.5% + TVA

Applying for a state Guaranteed Loan

To apply for a state guaranteed loan, the student should respect the same procedure as that of the bank loan stated above. However, the applicant has also the possibility to submit his/her state guaranteed loan application file with the required documents at any bank he/she wants throughout Morocco.
       

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