During the course of the course, the students quickly realize that it will not work without external funds: the parents may not be able to provide the support that the student would need. At the same time, there is no entitlement to credit aid – even a part-time job must first be found and then mastered in addition to the studies, which depending on the subject, is not even theoretically feasible without the study suffering. However, here are some ways that students can get a loan:
Fast money for students
Not everyone plans in the long term and with foresight, and in the short term, the need for financing can ultimately arise. In principle, there is the possibility to take out a loan with an instant approval on the Internet: these are special loans from mostly Swiss, but sometimes also Austrian or Spanish banks, which have been specifically designed for the German market and are offered through German loan brokers.
Due to the missing credit bureau query for a Swiss loan, the conditions under which these loans are granted are quite strict. Accordingly, students are mostly left out of Swiss loans. A fixed employment relationship is required and the income must have a certain amount. credit aid payments are not counted as income.
Alternative to instant credit
Although students are not able to take out an instant loan, they have other options to have their studies financed by a bank: an important issue here is the capital lender’s educational loan. Since the amount of the existing income or the income of the parents does not represent any restriction, both the other requirements and the modalities of the loan itself are clearly outlined.
The maximum loan amount for the capital lender education loan is 7200 USD, with the amount being paid in installments of either 300, 200 or 100 USD. The minimum term is three months, the maximum term is 2 years. The loan must be repaid later, and capital lender banks charge moderate interest rates.
It does not necessarily have to be capital lender-Bank, other banks also grant educational loans to students, for example some savings banks and Deutsche Bank. With these loans, creditworthiness is always required and also here a monthly or installment payment takes place, the loan is later repaid with interest. It is advisable to compare the providers before concluding a loan contract in order to find the lowest possible interest rate.
Applying for loans through capital lender is easy. An online loan application is sufficient to address both banks and private investors at a serious level. Of course, the borrower decides who gets the loan.