In European countries, citizens are actively using loans, which are made solely to pay for education. In the territory of the Russian Federation, such loans are not common and still they exist, and therefore should be familiar with them closer.
According to educational credit programs, loans are provided only to those citizens who can provide a certificate of training on a paid department, and this may be not only a Russian educational institution, and educational institutions in other countries.
Each financial institution offering loans on Fedcred.Su has the right to independently determine the conditions for issuing educational loans. There are some conditions that are similar in all banks. For example, to conclude such a deal may face citizens of the Russian Federation aged 14 years. Often, too young borrowers have to take the consent of the parents, search for a guarantor or a borrower to get approval on a credit application. The training is issued to the amount prescribed in the training agreement, and the money itself is not issued by the student himself, and they are immediately translated into an educational institution by non-cash.
You can take an educational loan for up to 10-12 years, which is especially beneficial to persons who do not have stable income and planning debt payment after receiving a diploma. Education Credit is an investment in the future, the opportunity to get a good profession, with which it will be easy to find a well-paid job.
The advantage of such loans is low annual rates, the possibilities of obtaining a very large amount of money, which, if necessary, can also be increased, if it is raised to the Credit Agreement of the coacher. Many banks agree to postpone debt to 5-10 years. A feature of such loans is that even minors may apply for their receipt. The loan amount and the dates of the debt refund in this case are calculated on reference from the site of the parents of the borrower. It should be known that there are special state proposals on educational loans. To become a participant in public support programs is not easy, but having achieved this, you can significantly reduce training costs.
There is in obtaining targeted loans for education and its drawbacks. The borrower will have to provide the lender a huge number of different documents and references, as well as prove the prestige of the establishment, where he wants to receive education, the demand of the chosen profession. Many banks work only with certain educational institutions, and get a loan on training in another institution will not work in any way. Choosing an option on credit, you should know that some part of the cost will still be covered independently, since more than 80-90% of the total training costs are not paid.