The loans that will be granted are meant to cover a quarter, third or even half of a student's annual budget. The grace period can amount to two years after the signing of the contract. No collateral is required but each beneficiary will need to find a co-signer. A medium-sized loan will be around EUR 1,525 and it will be paid in three parts: November, February and April. The student can use the money to pay for rent, books, school tuition, transport or any other expense required by their education. The monthly repayment installments will amount to a maximum 30 percent of the student's future minimum wage.
Equalis loans are geared at students who have had a problem-free academic education and have managed to finish their studies. The loans therefore target those students who have finished their faculty and wish to apply for a master's or doctorate degree, but it does not rule out students in the final faculty year if the number of requests is high enough.