This savings plan allows you to save progressively at your own pace throughout primary and secondary school to finance your children’s higher education on advantageous terms. It consists of three phases:
Savings phase :
- A minimum initial deposit of 100 dinars is required.
- The savings period varies between 3 and 18 years.
- You can top up your account by monthly transfers according to your savings capacity, with a minimum amount of 20 dinars per month.
Savings utilization phase :
This phase begins when your child starts university. The savings accumulated are intended to finance the first cycle of higher education and are distributed in the form of a monthly grant for 10 months. Your child can also benefit from a HAPPY card to manage his or her money.
Credit phase :
- The credit amount is equal to three times the amount saved, up to a maximum of 10,000 dinars.
- The credit period is 6 years, with a one-year grace period.
- The preferential rate is TMM+2.
- The credit is intended to finance the second and/or third cycle of university studies and is distributed in the form of a grant throughout the years of university study concerned (10 monthly instalments per year).
Conditions for obtaining credit :
- The minimum savings amount is 1,000 dinars.
- The minimum savings period is 3 years.
- The beneficiary must present an annual certificate of enrolment.
