If you are considering studying a university course and do not have the necessary financial resources, it is possible to go to one of the multiple university loans offered by credit institutions. In any case, before trying to apply for a loan with these characteristics, it is best to know what conditions and requirements are going to be requested.
Thanks to these loans you can finance all the studies, allocating the requested amount to the full payment of the course. It is also possible to use it as an advance for scholarships or even for masters and postgraduate courses, understanding that the latter are considered university studies.
In addition, these loans for university students are a reliable solution if our desire is to move abroad to pursue a higher education or we need a loan to pay the tuition unexpectedly urgently.
Advantages of requesting a student loan
These types of student loans are a resource for those who wish to increase their knowledge and have no means to pay it. The applicant has to pay a series of fees at a specific interest rate. But, even so, these grants offer a series of advantages and conditions adapted to the student sector. For example:
- Flexible conditions As these are student aids, they are adapted to the student, both the conditions and the requirements to apply for them.
- Amortization in installments. You pay it back little by little, as in many other loans.
- Variety of possibilities. There are many credit institutions that can grant us a loan to study, so it is possible to analyze well which one favors us more or which one offers us a better agreement.
In addition, credit institutions give us the possibility to choose between total or partial deficiency fees; making them one of the loans with more facilities in the financial market.
Requirements to request a student loan
As we have mentioned before, this type of aid offers flexible requirements , thus facilitating the applicant the possibility of enjoying these loans for students. That said, there are some conditions that must be met to apply for the loan:
- Be of age. If what you want to finance are university studies you probably already meet this condition
- Be a resident in Spain. If you are going to study in Spain, this requirement is also simple to meet.
- Have an account in our name.
And finally, dispose of some type of income , however minimal, to be able to meet the credit payments. Although, as we have said before, the conditions are flexible and many credit institutions allow us to use our own parents as collateral, thus facilitating anyone to access this type of university aid.
Can I apply for a loan for students without payroll?
Many of you wonder if it is necessary to have a payroll to apply for a personal loan as a student. The answer is no. You simply have to have some type of income to pay the payments, but those income do not have to come from a payroll. Your parents can transfer your income or you can enter a monthly amount to cover the loan fees for your studies.
In Valmont we work with numerous financial institutions. Some of them offer personal loans, also to students. We show you the example of two financiers who offer this service in an online and simple way:
With this entity you can receive up to $ 4,000 with your revolving credit, a kind of credit line. It is not necessary to have a payroll but to demonstrate a good credit history, not being in Credit Institutions and residing at least 5 years in Spain.