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Under the agreement, Maritime Bank will assess applicants for zero per cent interest rate loans to students’ parents to cover the tuition fee at the university (BUV) on the receipt of a written confirmation of admission from BUV. The loaned amount will be in line with the financial status and payback ability of the student’s family and will not exceed 80 per cent of the total tuition fee of BUV.
The university also agrees and commits to cover the lending interest rate of the disbursed amount, according to the schedule and principal repayment of the tuition fee loan, not including overdue interest (if any) or other charges by Maritime Bank.
This loan is available and offered to all students wishing to study at British University Vietnam. The goal of this programme is to bring the dream of an authentic United Kingdom bachelor’s degree to aspiring students all over Vietnam.
“We are very proud of this cooperation. We hope that Vietnamese students will gain the opportunity to access authentic British education, equipping them with the right tools that they need to succeed in the future,” said Chris Jeffery, dean of BUV.
Maritime Bank is currently one of five biggest commercial joint stock banks in Vietnam, with a vision of becoming the best in the nation. Both parties look forward to contributing to the improvement of human resources quality as well as the development of education in Vietnam in the future.
“We believe that this cooperation is a vital step forward towards long-term development, opening up great opportunities for Vietnamese students,” said Dang Tuyet Dung, general director of Maritime Bank’s Retail Sector.
BUV is the first and only university in Vietnam to offer bachelor’s degrees directly from the United Kingdom. BUV students will receive their degrees from one of three reputable universities: University of London, Staffordshire University, and British University Vietnam.
BUV will open its new campus in the northern province of Hung Yen in 2018.