The CIC is a French bank which offers student loans to people who want to finance their education. In this article, we will explain how to apply for a loan with the CIC and what are the benefits and disadvantages of this type of funding.
Presentation of the CIC
CIC is a French financial institution that offers various loan solutions for students. The CIC accompanies you in the financing of your studies and places at your disposal several types of credits: the Loan Study, the Credit Etudes & Loisirs as well as the Carte Pass jeune 18-25 ans. In this section, we will discover together how to make an efficient application and obtain a Study Loan from CIC.
The CIC, a partner of choice for your studies.
CIC is one of the most popular banks in France. It offers many banking services, including student loans. To apply for a loan from CIC, you will first need to open a account current with them. Then you can access their loan simulator and fill out the form online. Once your application has been validated by the bankYou will receive your money in monthly instalments in your current account.
Study loan: the conditions of the CIC explained.
To apply for a student loan from CIC, you must:
- Be over 18 years old;
- Reside in France Metropolitan France or in the French Overseas Departments (DOM);
- Prepare a coherent and realistic career plan that complies with the terms of the placement at the broker;
The maximum amount that the CIC can grant you is calculated according to the length of time you choose to repay the loan. The amount available will therefore increase if you opt for a longer repayment period. The interest is generally compounded at the Annual Percentage Rate (APR).
Steps to take to apply for a student loan from CIC
In this section, we'll look at the steps you need to take to apply for a student loan from CIC. We will also look at how to apply for a student loan with the CIC.
Study loan: the steps to follow with the CIC
To apply for a student loan from CIC, you must follow the steps below:
- Make an appointment with an advisor in a branch or on the CIC website;
- Prepare your file (proof of identity, proof of income and/or guarantees);
- Sign the loan agreement.
Study loan: how to apply to CIC?
To apply for a study loan from CIC, you will first need to open an account and then follow the instructions on the website. The steps to follow are as follows:
- Go to the CIC website and create a customer area by clicking on "Registration";
- Connect to your customer area with the login and password you provided when you created it;
- Then, go to "My online services" and then "Manage my accounts/My contracts" to find the offer that corresponds to your needs;
Once you have found the offer you are looking for, all you have to do is contact an advisor at the number indicated so that he or she can take note of your file.
Advantages and disadvantages of a student loan with CIC
CIC is a financial institution specialized in student loans. It offers interesting rates and flexibility in terms of repayment conditions. Don't hesitate to ask for a quote online to compare with other offers on the market!
Advantages of a student loan with CIC
There are several advantages to applying for a student loan with CIC. First of all, CIC offers you a very competitive interest rate. In addition, you do not need to justify your use of the funds obtained through the loan. Finally, the loan repayment is flexible and can be adapted to your personal financial situation.
Disadvantages of a study loan with CIC
CIC student loans have a few drawbacks. First of all, the maximum amount you can borrow is 20,000 euros. Second, the maximum loan term is 10 years and finally, the interest rate is quite high (5%).