How often do students need finance? Permanently! But money is urgently needed during the session. Because, for example, you need supplies to do coursework or graduate work. And all of this requires money.
When a scholarship arrives, no one bothers, and she immediately leaves, but if a student takes out a loan, he or she extinguishes it immediately. So why are there a few credit institutions that provide student loan opportunities? There is a myth that students who live in dormitories are still living at the expense of their parents and unable to pay the loan, but in reality, this is not true. Most earn money after studying, because they want to eat and walk, too, and they are more responsible for the repayment of debts.
If you are a student and want to borrow money, promote existing credit institutions and compare the terms. Choose the most profitable and use the means given. You can receive funds both on the card and in cash.
What does it take for a student to take a loan?
- Mandatory documents – passport and IIN code. In addition, they need a student, to know the full name of the university (college / college), faculty and specialty.
- Everyone can get a loan if he is 18 years old, but do not forget that you take someone else’s money, and you need to pay back.
How to pay off a debt?
Both the student and the adult have the same repayment terms. On the last day of the loan, you put money into the credit institution’s account. This can be done through a cash desk at a bank, ATM, terminal or online banking. The return is obligatory to spend not only the amount you have taken, but also the percentage that appeared during the actual use of the credit funds. If you pay back the full amount earlier, the interest rate is recalculated and you overpay.