Apply for student loan: loans and loans for students

We have put together a list of student loans for our student visitors. In the application process, you can then select “Student” in the corresponding job status to apply for the student loan.

After submitting the student loan application, you will receive all further information from the relevant bank or credit provider.

Student Loan: Students Need to Know When Borrowing

Studying always involves costs. In many cases, parents, the state or even scholarships help. Of course, if the student chooses a job so that he can make a living, the course of study suffers, because the time required for learning phases is less and the grades are worse, the study duration is extended – who wants to keep the balance is sometimes for one Student credit must decide. There are many banks offering loans for students. Before the student decides on an offer, of course, he should conduct a loan comparison in advance, because only then you can be sure to have found and signed the best loan offer . In the comparison, not only the interest rate is important; In the end, the monthly total load plays an essential role. This can be influenced by the interest rate, any fees and the repayment term.

Students have different credit options available

The Student Loan – also known as student loan or student loan – is, since there are tuition fees, a popular financing option dar. But even students who do not have to pay tuition, are interested in such funding again and again: Finally, the student for the ever rising cost of living Anyone who does not receive financial support from their parents or sometimes renounces a job because they want to finish their studies sooner must finally take out a student loan.

ZXC for students: student loans from the state

In addition to the possibility to take out a student loan, students can apply for the so-called ZXC.

The Federal Training Assistance Act ( ZXC ) regulates state support for the education of students in Germany. The abbreviation ZXC colloquially refers to the promotion, which results from the law.

Today, in addition to the imposing ZXC, four different forms of student financing are available to students. Financing is offered by the cooperative banks, savings banks and banks.

The classic student loan
The loan is intended to help finance the cost of living and cover any tuition.

The interim, bridging or final financing loan
Students who are about to graduate can take credit for education; Here, the borrowers benefit from the particularly favorable interest rates.

Education Fund
The investor pays into a fund and sponsors selected students; students pay a percentage of their income back to the investor for a certain period of time.

The tuition fee loan
Serves to cover any tuition fees

The bottom line is that all forms of student credit have the same goal: to help the student gain financial flexibility so they can cover the costs of training. The costs include, for example, tuition fees, living expenses, study-related special purchases or even stays abroad. The loans are only repaid after graduation – after all, the bank assumes that the graduate will receive a regular income. Of course, the student also takes a risk here: If he does not find a job after graduation, he still has to pay the monthly installments.

Student loans at a glance

A student loan is a classic financing. The loan amount is, as with ZXC, made available in monthly partial payments. The student must therefore calculate before borrowing what his monthly costs are; He then has to answer the question of what the monthly financial requirements are. Furthermore, it is also decisive how many semesters the study will take. For the calculation of course expenses for clothing, food, learning materials and rental costs, insurance contributions, semester fees, tuition or even one-off expenses – such as the purchase of home furnishings or a rental deposit – should be considered.

On average, the student can pay monthly from 500 euros to 1,000 euros. On the basis of the monthly sum, which the student needs, the expected duration of the entire study, plus the interest charges and other fees, the lending sum that the student has to pay after graduation comes to the end. The first installment will be due 6 to 24 months after the end of the last payout, depending on the contract.

Students should conduct a credit comparison

Before the student decides on a loan, of course, he should compare the different offers of the banks. Whether interest rate or other fees – there are such grave differences that only a direct comparison can provide the security, whether the loan offer is cheap or not. When comparing, attention should be paid to the effective interest rate per year; This item includes all interest and additional costs. The student must be aware of the total burden at the end of the term – the total burden represents the sum that the borrower has to pay at the end.

Another aspect is the question of the interest rate. Should the student opt ​​for a variable or fixed interest rate? The variable interest rate depends on the development of EURIBOR; if the EURIBOR rises, the interest rate rises – if the EURIBOR falls, the interest rate drops. Of course, considering the long credit period, this is a risk. Many students nevertheless opt for the variable interest rate, but agree on a maximum interest rate. This way, the well-known worst-case scenario can be better calculated.

Are special repayments possible?

Of course, the repayment period, the performance period and the waiting period also play a significant role if the total costs – in addition to the interest charges and any fees – calculated and calculated. The fact is: the longer the repayment term, the higher the overall burden. In addition, the borrower should not opt ​​for very low rates; This ultimately extends the repayment term so that – even if the monthly burden remains low – the overall burden increases.

The borrower should pay attention to any special benefits when making a loan comparison – borrowers also repeatedly offer special payments. For these special repayments, borrowers can contribute more, regardless of the monthly loan installment. The special repayments can reduce the loan installments or reduce the repayment term. It is advisable if the special payment has an impact on the repayment term.

What requirements must be met by the borrower?

The student must be between 19 and 26 years old and choose to study full-time. However, depending on the provider, there are other requirements that the student has to meet: Is there any collateral, what are the current monthly costs and what is the student’s repayment plan? The university does not matter; The question of which study is chosen is not decisive in the end, whether the loan is granted or not. As a rule, student loans are easier to get than ordinary installment loans.

The ASD Student Loan

The ASD Student Loan is one of the best-known and most popular student loans. However, this does not mean that a loan from ASD Bank is automatically the cheapest and best financing. It is possible – despite any funding – that credit offers from other providers are cheaper; Sometimes the other providers also offer better services. The following criteria must be met in order for a development loan to be applied for:

  • The student must start an undergraduate degree
  • The student wants to start an undergraduate second degree course
  • The student chooses an additional, postgraduate or supplementary study
  • The student completes – after his bachelor’s degree – a master’s degree

Students must be between 18 and 44 years old and attend a German university. The ASD Student Loan can therefore not be used if the student wishes to study abroad. If the student decides to take a loan from a bank, it usually does not matter if he is attending a German university or not.

The loan repayment

Of course, repaying a student loan can also be a financial challenge. Even if the graduate finds a job, the expenses – especially at the beginning of their careers – can be so high that the monthly installments are difficult to pay. It should be noted that the repayment is also adjusted to the financial situation. Of course, this is difficult to assess at the beginning of borrowing; Subsequent changes are usually difficult or impossible and therefore the choice should fall on the best credit provider.