Personal Loan

A loan that is personal but works for everyone.

It may sound like a contradiction, but it isn’t. A loan that’s tailored to each individual goal and project, yet adapts to everyone.

Personal Health Education Energy Transition Car

Study now, pay later.

It’s possible to take out an Education Loan with a grace period. This way, you only have to start paying the instalments at the end of the course. Until then, all you need to focus on is completing your studies.
Simulate

Knowledge has no age.

Throughout life, new stages and new choices emerge.

University degrees or executive training? This loan can be used for different levels of education, both in Portugal and abroad.

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Personal Loan Contest

Don’t spread it, own it.

By taking out a Personal Loan, you’ll have the chance to win a Renault 4 E‑Tech Electric.
Learn more

How to enter.

Just take out a Personal Loan through Banco Montepio between March 31 and May 18, 2026.

Insurance for your loan

Sleepless nights? Only for studying.

Don’t lose sleep over your loan. Protect it with insurance and rest easy.
Learn about Insurance for Your Loan

Got questions? We’ve got the answers.

What is the Education Loan?

It is a loan for academic or professional education and training expenses.

 

For this purpose, Banco Montepio acts in the capacity of the Lender.

What expenses are eligible?
The Education Loan covers expenses related to undergraduate degrees, postgraduate studies, master’s programs, doctorates, MBAs, and professional development courses.
Does the Education Loan cover tuition abroad and school/technology materials?
Tuition fees abroad are covered by the Education Loan; however, school supplies are not included.
What loan amounts can I request?

You can apply for an Education Loan between €1,000 and €50,000.

 

APR from 8.1%.

 

Check our financing examples.

And for how long?

The maximum term for the Education Loan is 120 months for undergraduate degrees. In the case of postgraduate studies, specializations, master’s programs, doctorates, MBAs, and professional development courses, the maximum term is 84 months.

 

APR from 8.1%.

 

Check our financing examples.

How do grace periods for students work?
For 6 months, you may have a grace period on the Education Loan, during which you only pay monthly interest.
Do I need to provide any proof to apply for the loan?
Yes, to apply for the Education Loan you must present a document proving the expenses to be incurred (from the University, Polytechnic, Institute, or Training Entity), including the total cost of the course and the payment plan.
What are the advantages of an Education Loan compared to a traditional Personal Loan?
The rate is also fixed, but it is lower.
Can the costs be financed?
Yes, the expenses associated with signing the contract (insurance, fees, taxes) can be included in the Education Loan amount.
Is insurance required?
Yes, life insurance is mandatory for the Education Loan and can be included in the financing.
Where can I get the life insurance?
You can take out the life insurance for the Education Loan with Lusitania Vida or with another insurer of your choice, as long as the insurance contract provides a level of coverage equivalent to the one proposed by the lender (the Bank).
Is a guarantor required?
A guarantee accepted for the Education Loan is a guarantor, as well as a surety or the pledge of deposits or financial investments.
Can I only request the loan at a Branch?
You can start the process online. The simulation is digital, but the final application for your Education Loan must be completed at the Branch.
How long does the approval and funding availability take?
If approved, your Education Loan will be made available within up to 5 business days.
Are there any associated fees?
Yes. The fees associated with the Education Loan are outlined in the current price list.
Can I repay my loan early?
You can repay your Education Loan before the end of the term, with a fee of 0.25% applied to the amount repaid early (≤1 year) or 0.5% (>1 year).
What is an APR?
APR stands for “Annual Percentage Rate”. This value represents the total cost of the loan, which includes the Nominal Annual Rate (NAR) and all fees and charges associated with the Education Loan.
What is the MTIC?
MTIC stands for “Total Amount Charged to the Consumer”. This value represents the total amount the customer will pay, which includes the borrowed amount (principal), interest, bank fees, taxes, and mandatory insurance associated with the Education Loan.

Because knowledge always brings new opportunities.

Simulate online and discover the solution that suits you best.
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