Studying is exhausting and in addition to the burden of studying there is also the question of financing in the room. In addition, you work in a part-time job and seek a scholarship. Nevertheless, all of this may not be enough. Since you have no fixed income and no permanent position, many banks reject you as a loan applicant directly. The good news is that there are various loan providers online that offer you a loan as a student.
There are several ways to get a loan as a student.
On the one hand, there are student loans that differ from normal loans because the repayment only begins after completing your studies. Often, you also receive the payment of your loan not in a bank transfer, but in monthly installments. It is not advisable to finance your entire studies like this, but for a bridging it is a good way to get money.
The other way to bridge short financial bottlenecks is to apply for a normal installment loan from one of the many credit institutions on the Internet. Many loan providers also offer short-term loans with rather short terms for students. Not all financial institutions offer student loans, but if you use our comparison calculator and read this article, you can easily and easily find a student loan. Installment loans are in most cases not earmarked and can be used freely. So it doesn’t matter whether you need the money for a new car or invest well in your education.
Another possibility to overcome short-term bottlenecks without plunging yourself into high costs is to use one of the free loans offered on the Internet. If a mini or small loan between 300 and 500 USD is enough to cover the desired amount and the term is 30-60 days, a free loan is a good choice. This means you avoid a lot of paperwork and even with a credit entry you have a good chance of getting a loan quickly and easily.
Requirements for a student loan:
- 18 years old
- permanent residence in the country
- bank account
Compare offers and get the best student loan
The credit market in the country is highly competitive and the internet has made comparing the different offers much easier. Today the credit market is more transparent and much faster. You can have money in your account within a few hours. You can also benefit from this as a student. However, it is important that you are well informed and invest some time in a precise comparison of the loan offers. This saves you a lot of money quickly, since the interest rates differ greatly from provider to provider.
One of the most attractive student loans is offered by the state-owned banks. This loan is also recommended by student unions. However, you can only finance your first degree with this student loan. This is why we focus in this article on other suitable student loans that can be used for part-time courses, advanced training or doctorates.
How should you go about getting the best student loan as easily as possible?
- Think carefully about how much money you need. Do not record more than you actually need.
- Use our comparison calculator at the top of the page.
- Apply for your loan with 2-3 different loan providers without obligation.
- Compare the different loan offers that you get carefully and read the fine print.
- Decides on the most suitable offer and sign the loan agreement. Only then has a binding contract been created.
Simply apply for your student loan online
How is a loan taken out online? In fact, today it is possible for you to take out your student loan at home from the sofa or even on your cell phone. Thanks to digitization, you do not have to leave the house, you do not have to wait in the bank and you do not have to have a long consultation with uncomfortable questions with your bank advisor. All steps of the contract are 100% digitized with many online loan providers.
You enter the information about the desired student loan (loan amount and term), fill in your personal details and the loan provider checks your account. Online identification procedures via video and telephone are used for your identification. The whole process takes only a few minutes and is very straightforward.
How quickly is a student loan paid out?
The payment depends on the time of your application and the chosen credit provider. Some banks pay out very quickly. You can have the money in your account within a few hours. If speed is important, keep an eye out for offers that offer express or instant payouts at an additional cost.
With a guarantor more choice for students
Students generally do not have a fixed and regular income in the amount desired by the bank. That is why the banks often require additional security in the form of a guarantor. In this case, a guarantor can be a parent (or both), close friends or acquaintances, who are then liable for the student’s credit with their own assets.
The loan providers sometimes grant students special conditions for an installment loan because future academics want to be won over as customers early on. A guarantor thus increases the chances of getting a loan for the student and is an easy way to get better terms for your loan.