A student loan is one way of financing your life while studying,
So you don’t have to worry about getting a job done, but you can only focus on what’s essential – studying and getting a new profession. It can also be used to get the things you often need, for example, in a new home, in a cell, or even when you’re studying. Small and large purchases can be easily accomplished when the student can count on the money in the account and ensure a successful study experience. A student loan is also one of the most affordable loans available, and it does not require anything wonderful.
First of all, this loan is guaranteed by the state, ie no friends or relatives are needed to guarantee it. While the student grant is still in effect, all interest on the loan is added to the principal. Of course, hard work on the school bench also rewards the loan, for example, a student who completes university studies within the agreed deadline may be eligible for loan repayment support from Candy, for example. You may want to read more about the terms and conditions of Candy support on its own website or even by asking your office for help. This avoids misunderstandings and uncomfortable situations.
Many banks offer student loans through the Internet, so no special hassle can come from loan negotiations or other meetings. Each bank has a bit of its own terms and conditions for loans, so it’s a good idea to read them carefully to find the best student loan for you. Student loans can also have an age limit, and students between 18 and 32, for example, are often the most common target group for loans.
Depends the amount of the loan
The amount of the loan depends entirely on the student and the current situation regarding, for example, Finland’s financial position. The Candy is the one that makes the loan guarantee decision when needed, meaning that the banks are ready to grant the loan without any other security or guarantee. The drawdown of the loan is also specified in the guarantee decision, ie it also indicates the schedule for the drawdown by which the money can be transferred. The interest rate is often linked to a 12 – month Euribor rate, which determines how much of the loan is paid to the lender. Some banks may change the interest rate commitment if specifically agreed upon. The interest rate on the student loan is thus added to the capital and applies only to those semesters which qualify for the student subsidy and those immediately following the semester for which the subsidy was received. These interest rates, which are included in the capital, can also be considered tax deductible. When the study subsidy ends, Candy notifies the bank and after that the loan has to be repaid in full and it is no longer possible to recapitalize it. The student loan itself does not pay less, but of course the bank or other lender will charge a shipping fee for opening and raising it, and the same applies to the drawdown, which will be charged separately.
If you want to take out a student loan, you must first apply for a student loan subsidy and, of course, increase the student loan guarantee from the state. After that, the incoming student grant decision is the one that gives the loan amount, the schedule for the drawdowns, and the installment installments. Only when these papers are in order can one apply for the student loan itself.
It is easy, for example, through the Internet, and it is no stranger than filling out an instant loan application. The decision often arrives quickly too, and the next day you may already have a ready-made loan in your account. Of course, before the money transfers you have to sign the loan documents and this can also be done conveniently via online banking. In the end, raising is possible and living during studies is secured.
A convenient loan
So a student loan is a very convenient and inexpensive option, as long as it is paid off during your studies and does not have to be paid when interest rates start to fall. It works just like a quick loan and a quick draw right into the account with offers, as everything is fine until late in payments, when interest rates rise significantly.
The same goes for situations where you need a little cash, you might not want to go for a student loan if, for example, a quick tip immediately brings the same relief to your everyday life, and this does not even require miraculous papers or reports from Candy.