Invest In Yourself With ESMT
ESMT Berlin is a leading global business school located in the capital city of Europe’s largest economy. Founded by 25 multinational companies and triple accredited by AACSB, AMBA, and EQUIS, the school develops responsible leaders with a focus on leadership, analytics, and technology.
In partnership with StepEx, we are very pleased to offer affordable financing options for students of the Global Online MBA.
ESMT’s Global Online MBA is a truly modern programme. Offered 100% online, the program will help you drive impactful change by combining the skills and knowledge required to be a general manager with courses that focus on technology, innovation, and global business.
When you join the Global Online MBA, you will become part of a worldwide student and alumni community. During the program you will study alongside students from more than 50 countries, each of whom brings a wealth of experience and functional/industry insights. And from day one you join the ESMT community that spans over 110 different countries.
We can’t wait to welcome you to the Global Online MBA and be part of a journey that helps you fast-track your career from anywhere in the world.
Details of Your Payment Plan
Interest-Free Payment Plan: With this agreement you can make timely monthly payments to cover your tuition fees without incurring any interest charges. While administrative fees may be imposed for missed payments, no interest will be added to the outstanding amount.
Key Features of Payment Plan
Repayments are set at an equal monthly amount over your repayment, other than your first repayment which may be higher to account for an upfront payment or arrangement fee. Evenly spread over your period of study, starting with a payment one month from the moment you sign the contract, with a total value equal to the tuition fee charge plus the setup costs, with no interest added.
Key Features of Future Earnings Agreements (FEAs)
Future Earnings Agreements: With this agreement, you commit to repaying a fixed percentage of your post-course earnings, but only when your gross annual income meets income threshold. Your total repayment amount is directly linked to your future income, requiring you to pay less than the average earner if your earnings are
lower and more if they are higher. Rest assured, there is a cap on the maximum amount you could ever repay.
Please click here for video on FEAs.
Details of Your Future Earnings Agreements
Repayments are set to start once you graduate and start earning at least xx. You will then repay a small percentage of your income for a fixed period of time. Depending on your post-course performance you might repay €0 if you do not meet the income threshold. Conversely, you might repay more if you excel in your career after completing the course. The maximum amount you might ever repay is limited to xx.
Student Offer:
_____________
How to Apply for Finance
1. Apply for your course.
2. Once accepted complete the StepEx Application Process.
3. Complete the Identity Verification, Credit Check, and provide Open Banking Access.
4. If approved, complete the borrower upfront payment.
5. Read the terms of your financing and sign your financing contract with StepEx.
6. Start your course.
Eligibility Criteria
Eligibility for StepEx financing is defined by both StepEx and the education provider.
To be eligible for finance you must:
• Be aged over 18
• Have been offered a place on your course
• Not be on any sanctions or watchlists
• Be likely to be able to afford repayments
• Not have a history of non-repayment of your financial obligations
• Be suitable for this type of product
In addition, your education provider has imposed the following eligibility criteria for course places that can be financed with this agreement. These may be based on your right to work, characteristics that are uncommon on the course and your creditworthiness:
• Be a UK / EU citizen
• Be a UK / EU resident with the right to work in the UK/EU for at least one year post graduation
• Other nationalities on a case by case basis
Charges
In addition to the repayment of your finance agreement the following charges apply:
1. Borrower Application Fee: €30
2. Borrower Upfront Payment: €290
3. Default charge: If you fail to make the required payments for 90 days we reserve the right to terminate your agreement in which case all outstanding repayments become due. We then reserve the right to pass the debt to a debt collector who will charge you for their costs of collecting the debt from you.
Conditions
The full terms and conditions of your financing agreement are set out in your credit agreement.
