In such cases, however, the loan is suitable for students. A loan can only be taken if you are of legal age. The loan is repaid after graduation. To overcome bottlenecks during the study, student loans help. As a student, you may be in a situation where you are at your financial limits.
Credit as a student: How do I get a loan?
To study successfully requires not only hard work and a lot of breeding, but also cash. Anyone who faces a bottleneck needs financial support quickly. Read how you get a loan as a student. After a recent study, the pressure on students continues to increase. There are several ways to get a loan as a student:
In most financial institutions today’s student is the customer of tomorrow. Therefore, you adjust the loans specifically to the creditworthiness of students. This means that when you take out a loan as a student, you have the same range of benefits as when you receive a loan. Similar to a conventional installment loan, you must also prove your creditworthiness with a student loan.
Pay the loan amount only after graduation
This means in any case a stay in the Federal Republic and a regulated salary and a positive Credit bureau result. Depending on the number of semesters, you will receive part of the loan amount per year in this type of money lending. The monthly amounts are usually between 100 and 650 USD.
And another advantage: you pay the loan amount only after graduation. This type of lending thus facilitates your already tense financial situation. The application for a KfW student loan is made either through the Kreditanstalt or one of the partner banks, eg a regional savings bank. The monthly amount is between 100 and 650 USD.
You will not pay back the loan until you have completed your studies. To quickly close a funding gap, you can take an immediate loan. With this type of loan you get an amount right away – so the loan is immediately possible. When you take out a loan as a student, the offer differs in terms of the amount of money available and the interest rate.
Effective interest rate
Financial institutions usually give you lower sums at a better effective interest rate than a part payment loan. As a rule, it is enough to earn a few hundred USD a month. Otherwise, an instant loan hardly deviates from a council loan. In just two to three days, the credit is on your account.
The loan amount is between 500 and 5,000 USD. The effective interest rates are higher than for a installment loan. If you make an instant loan application, you will have an acceptance or disapproval within a few moments. If you choose an online provider, submit your application and required documents electronically by e-mail or web form.