Student Loan – a Loan for Students Who Are in Education

The main advantages of student loans are the lower interest rate compared to traditional cash loans and the coverage of part of the costs from the state budget. Only a student or a university candidate can apply for such a loan.

Most students in large cities are visitors who must rent a room privately or in a dormitory. In addition, life in Warsaw, Gdansk or Krakow is more expensive than in smaller towns. Some students choose to work, but not everyone can afford it. Is it worth taking a loan for students?

Why is it worth checking out loan offers for students?

Why is it worth checking out loan offers for students?

First of all, the question of the location of a dwelling has a huge impact on its price. As a rule, the closer to the larger branches of the university, the more expensive. In turn, the flat still generates costs associated with commuting, and communication in big cities is not cheap. For convenience, you have to pay, therefore, most students choose more expensive rooms in a better location.

Secondly, not every day student can afford to take up a job, and not every young person can afford to study extramural in day work. Of course, congratulations to those who succeed, but the vast majority of students simply do not have time for additional responsibilities. And yet people at this age do not want to sit only at home and at the university. In this situation, there are two options – generous parents, or a loan for students .

Available student loan offers

Available student loan offers

There are many different offers on the market, and student loans alone are not high interest rates . In their case, banks benefit more from the number of contracts signed than from individual profits. You can find loans that are both the basis and supplement the budget for a young person’s life. It is worth spending time and energy on comparing offers and finding the most profitable one. Nowadays, many of the available credit offers are available at your fingertips and even without having to leave your home. Certainly, starting an adult life in a profession with debt is not an ideal solution, but it does not have to be exceptionally onerous. In addition, it will allow for a dignified and peaceful survival of the qualification period.

Who is student loan for?

The main assumption of student loans is to support students who do not have well-off families. Therefore, such a loan is not available to all people who have studied at university. Each year, the Minister of Science and Higher Education sets the maximum monthly income per one person in the student’s family. In the academic year 2017/2018, the maximum amount due to a family member and entitling to take a student loan was PLN 2,500 net per person.

What will you need to get a loan for a student? A person who is a student to obtain a loan will need additional guarantors. This is the role of parents or guardians of the person applying for such a loan. Apart from meeting the above condition on the amount of family income, it will also be necessary to submit an application for granting a loan at a selected bank, a certificate of starting education at the university and an application for income from credit guarantors.

One of the student loan proposals we found in the offer of Bank Plandes. Preferential Student Loans are paid in selected tranches, which can be: PLN 400, PLN 600, PLN 800 and even PLN 1000 per month. Their number may not exceed 60 tranches, and in the case of doctoral studies may not exceed 40 tranches. The repayment of loan installments begins after 2 years from the date of planned graduation.

Consolidation Loan 16 Thousand Euro | You Can Have One Instead of a Few Loans

Consolidation loan 16 thousand euro or loan for debt consolidation up to 16 thousand euro. Which bank should you choose to consolidate your debt? Where is the best consolidation of loans and credits? Check the banks below.

What is the cheapest consolidation loan? Which of the banks is the best for debt consolidation? Consolidation of loans, loans, credit lines and credit cards into one loan, with a smaller loan installment of up to 16 thousand. Pay one smaller loan installment to one bank on the date you set yourself. Comparison of consolidation loan offerings Bank Millennial, S-bank, PAO DY, Meteor Bank.

Consolidation loan PLN 16 thousand compared to banks

Pros of consolidation loans

Pros of consolidation loans

This is a good solution when the sum of all installments makes it difficult for us to pay liabilities. Credit consolidation allows you to repay loans and credits with a new loan. Instead of several installments paid at different dates, we have one bank loan. In addition, the new installment may be lower than the sum of installments paid so far. At the same time, we increase our creditworthiness and, additionally, we can count on additional cash.

Cons consolidation loans

Cons consolidation loans

What is the minus of credit consolidation? While the consolidation loan affects that we will pay a smaller loan installment, the loan repayment period is extended. The loan is taken for a longer period of time, so that the installment is smaller. However, a longer term of lending means also more interest to pay, and thus the loan is more expensive.

It is worth considering which solution is more beneficial for us. Will we be able to settle our liabilities for a while until “one loan or loan” goes down, tightening the belt and saving, or is it better to improve the financial situation by catching financial breath with a consolidation loan?

Loan groupings – consolidation

Grouping your credits to save money

 

To cope with the rising cost of living and find funding for projects that really matter, nothing is more convenient than taking out a credit. Consumer credit, mortgage, revolving credit, these financial solutions can however accumulate and overwhelm your budget; thus limiting you in your daily desires. Fortunately, there is a very effective solution in the form of loan consolidation.

Grouping your loans into one is the best way to reduce monthly payments, to negotiate in most cases a better interest rate for all and especially to have only one interlocutor. The consolidation of consumer loans allows you to honor your debts at your own pace and no longer undergo the complex management of multiple credits whose rates vary, forcing you to a constant intellectual gymnastics.

The consolidation of consumer credits by Money experts

The consolidation of consumer credits by Money experts

 

Specialist in grouping loans and buying back credit, Money puts at your disposal the expertise of its advisors who can accompany you to lighten your monthly bill. You can already establish a simulation of consolidation of consumer credit or a mortgage credit estimate via the tools at your disposal. 
In order to group your loans optimally, you can also call on our experts by submitting a free, no-obligation request: you will then have personalized advice and a precise idea of ​​the options available to you in order to save money. money.Finding the best rate for your credit redemption is easy with Money.