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Old 26.07.2015, 12:16
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International Guarantee

So I need advices from the many banking experts in the forum.

My wife is about to attend an MBA in Paris. Although we have enough asset to afford it, but we're considering a loan offered by BNP Paribas which has relatively low interest rate, and we could avoid selling our investment.

This loan of course requires a guarantor. Neither of us are French citizens, nor did we have close relatives/friends in France. BNP Paribas says that we could obtain international guarantee from a local bank, say UBS, here in Switzerland. It has two particular options, but either way UBS serves as a guarantee for the loan and we give some sort of collateral to UBS.

We presented our cases to UBS and PostFinance, neither had such services. Do you guys know any thing in this regard? Or some suggestions outside this international guarantee box?

Thanks a lot!
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Old 26.07.2015, 12:41
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Re: International Guarantee

It's not going to happen, the risk remains. It is possible, depending VERY much on what your investment is, a bank may consider it as a guarantee for about 50% of current value and providing you have a track record with the bank.

As soon as value on investment drops,. bank will sell as they certainly won't want to spend any time monitoring or evaluating the investment, so any sign of risk and it's gone.

Sell the investment and consider the MBA course an alternative investment, there again depending on a LOT of circumstances, is the MBA really worth it.....?
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Old 26.07.2015, 13:02
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Re: International Guarantee

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Sell the investment and consider the MBA course an alternative investment, there again depending on a LOT of circumstances, is the MBA really worth it.....?
That's what we are thinking about the MBA. It's indeed an investment and we believe it pays back in the long run.

We explored the possibility of the loan just because the rate was quite attractive.
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Old 26.07.2015, 18:08
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Re: International Guarantee

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That's what we are thinking about the MBA. It's indeed an investment and we believe it pays back in the long run.

We explored the possibility of the loan just because the rate was quite attractive.
The school itself couldn't be the co-signer? In the American biz schools they do like that for the international students and I guess it works the same in France.
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Old 26.07.2015, 23:41
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Re: International Guarantee

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The school itself couldn't be the co-signer? In the American biz schools they do like that for the international students and I guess it works the same in France.
If the school doesn't need too, why would it want to take on the additional risk ?
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Old 26.07.2015, 23:43
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If the school doesn't need too, why would it want to take on the additional risk ?
It doesn't. It has another scheme which doesn't require guarantee but much higher rate.
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Old 27.07.2015, 17:40
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Re: International Guarantee

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If the school doesn't need too, why would it want to take on the additional risk ?
It's not a question about risk, it's a question about getting the best candidates.
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Old 27.07.2015, 17:43
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Re: International Guarantee

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It doesn't. It has another scheme which doesn't require guarantee but much higher rate.
Is she going to HEC? Did she contact the financial aid department?
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Old 27.07.2015, 17:50
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Re: International Guarantee

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Is she going to HEC? Did she contact the financial aid department?
Exactly. We didn't find a financial aid dept. We've asked the MBA Development team, who is the "first point of contact". The lady was nice, but she just helped us to contact the banks which all asked the same criteria.
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