How and where can a student loan be issued?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

So, student loan. Can it be done at all? If so, where can the funds be spent? For tuition fees only or for other purposes? Let's try to deal with these issues in more detail.

Firstly, it should be noted that a student loan is a common product that is present in the product line of many Russian financial institutions. Young people can receive funds in two cases: to pay for their education and for consumer purposes. Let's consider each of them separately. When does an applicant need to get a loan quickly? When it became clear that he would not be able to enter the budget department. Please note that a loan is issued only if it is impossible to enter a paid department without it. To the credit of Russian banks, they very often go to meet such clients. The most striking example is the low interest rate. Its size is estimated at 5% per annum. The rest of it is reimbursed to the creditor by the state. Therefore, he obviously will not feel disadvantaged.

Total time withinwhich a student at an institute or university can use borrowed funds is 10 years. But if suddenly after graduation there is an opportunity to repay it ahead of schedule, then it is better to do it right away.

The disadvantages of this option include two points. Firstly, the borrower must be at least 18 years old at the time of registration. Secondly, he will need to involve guarantors in the transaction. Obviously, the applicant's parents play their role.

It should also be noted that a loan for a student with whom we are now dealing is issued only on the condition that the higher education received is the first for a citizen. In addition, the latter must understand that the program is valid only for speci alties, the list of which is established by the state.

For other needsAnother way to get a loan for a student - registration of a regular consumer loan. And here we are talking about the amount of 50 thousand rubles. The maximum period during which you need to return them is usually 36 months. If a young man or girl wants to borrow a lot of money for a long time, then their age must be 21 years and above.

The easiest way is for those who manage to combine the learning process and work. Such comrades can expect to receive a loan of up to 150 thousand. It is clear that they will need to provide a banking institution with their civil passport, TIN code, as well as a document that confirms the level of income. It is noteworthy that the received scholarship of the credit and financialorganization cannot be ranked among the latter. Therefore, a guarantee of fulfillment of obligations - too. Now it remains to figure out where to get a loan of the described type. Here the student does not have many options. At present, Sberbank of Russia, Rosselkhozbank, Obrazovanie Bank, B altiysky Bank are ready to lend funds. It is difficult to advise anything here, since the choice of a suitable lender is a subjective matter. For example, if you are interested in the interest rate, then the mentioned institutions issue money at 12%, 16%, 13, 5% and 19% per annum, respectively.