State-guaranteed student loan

The state-guaranteed student loan allows you to borrow money to finance your studies, without having to provide the bank with a relative's guarantee or proof of income.

The State guarantees up to 70% of the loan amount excluding interest.

The cumulative amount of guaranteed loans may not exceed €20,000.

To qualify for a government-guaranteed student loan, you must complete all the following conditions:

• Be registered in an institution in France to prepare a certification, a competition or a diploma of French higher education (university degree, BTS, business school, engineering school...)
• Be of full age and under 28 years of age on the date of the loan (an emancipated minor may also apply for a student loan guaranteed by the State)
• Have the nationality of France or of a Member State of the European Economic Area (EEA), provided that you have resided in France continuously for at least 2 years.

There's no no resource cap.

You must connect to the digital platform Token Bpifrance, request a pre-eligibility certificate, and provide the requested information:

Application for attestation for the state-guaranteed student loan

You must send the pre-eligibility certificate to one of the partner banks from which you wish to obtain the loan:

• BFCOI (mainly in Reunion and Mayotte)
• Postal Bank
• CIC
• Crédit Mutuel
• Societe Generale.

You don't necessarily have to be a client of the institution you're applying to, but some banks are refusing records from outside applicants.

The bank verifies your information on the platform and your eligibility for the state guarantee.

She then decides whether she can grant you the loan.

The government-guaranteed student loan is a consumer credit. As such, partner banks must comply with the rules applicable to this type of credit, in particular with regard to of information to the borrower, conclusion of the contract and right of withdrawal.

Insurance is not required. However, you can choose to purchase one to protect yourself in the event of difficulties (death, disability, incapacity). In this case, you are free to subscribe to the insurance offered by the bank or to opt for insurance from another organization.

You don't need to provide a personal bond, nor do you need to use a relative as a guarantor. The State guarantees the loan granted by the partner bank through the Public Investment Bank (Bpifrance).

However, you must repay the loan in full. The State guarantee only comes into play if the bank demonstrates that it has tried, without success, to recover the sums due.

The State guarantee is limited to 70% of the loan amount. The rest of the risk is borne by the bank.

The amount of the loan depends on the bank granting it and can go up to €20,000.

The interest rate is set freely by the partner bank.

The student loan guaranteed by the State is not free. You must repay the borrowed capital, as well as the bank interest. Some application fee may also be applied when granting the loan.

If you choose to take out insurance, your cost is added the amount to be reimbursed.

The term of the loan is between 2 and 10 years, under the conditions set by the partner bank.

Some banks may offer a shorter maximum term, for example 7 years, depending on their trade policy.

You have the right to defer repayment of the loan (principal and interest) until the end of your studies.

However, you can decide to pay back the interest during your studies.

This choice must be made at the time of taking out the loan.

If you decide to take out insurance, you must pay the monthly insurance payments during your studies.