Getting higher education for the majority of those wishing is not a cheap procedure. It is good if there is financial support. But what about those who do not have it? One of the options for solving this problem may be a loan for education.
Not everyone has the opportunity to get an education at the expense of budgetary funds, so most of those who wish have to enroll in paid departments. Of course, studying at a university today is not cheap. What to do if there is not enough money to pay for your studies? The decisive factor can be the registration of an educational loan. In Russia, this type of loan has not yet gained high popularity, and abroad has long been in great demand. It should be noted that a limited number of banks finance education in Russia, mainly Sberbank, Soyuz bank, BSGV, Swedbank.
The convenience of such a loan is that the borrower has the right to defer debt repayment until graduation. Each financial institution has different deferral conditions, but usually the term ranges from one to five years. That is, you receive a loan immediately, and return the amount of the debt within several years after receiving your diploma. To obtain a deferral, it is necessary to provide the bank with a certificate from the university about the completion of the training, and after graduation - a diploma and documents that confirm employment.
The procedure for obtaining a loan for education does not differ from a regular loan for consumer purposes, but here the intended use is respected. Some financial organizations do not issue the loan amount immediately, but in parts. That is, tranches are transferred to the bank account of the university separately for each year or semester. This option is beneficial to the borrower, because interest is charged only on the actual amount of the debt. In turn, the bank reduces the credit risk: if for any reason the applicant interrupts his studies, only the used loan amount is subject to return.
A borrower who has reached the age of 14 can apply for an educational loan. A prerequisite for applicants who do not have a stable source of income is the presence of a co-borrower or guarantor. Usually, this role is played by the parents.
The bank must provide an identity card, documents confirming the presence of permanent income from the borrower / co-borrowers and guarantors, as well as an agreement with an educational institution. If you decide to take a loan for education, be prepared for the fact that the bank will require life and disability insurance.
With the help of such a loan, you can pay not only the first higher education, but also the second. Even foreign language courses or advanced training can be financed in this way.
