Borrowing money for study often comes in handy because studying is not only expensive but also everything that comes with it, such as moving house, renting a room or house, buying new furniture and so on. Often you get some help from your parents, but at the end of the ride it is quite possible that you will not be able to make it, and then borrow money for the study. What amount do you want to borrow and what kind of period do you have in mind to pay it off again? Banks and other lenders sufficient to compare in a good way what could be the best money loan for you.
Borrow money for study
Let’s assume that you want to borrow an amount of 5,000, but it is less interesting for the story because the same conditions apply as for the popular loan of 10,000 euros. With such an amount, it should still be possible to ensure that you can pay your living space neatly and then have enough money left over to arrange it a bit nicer. This amount also allows you to regularly go home by train. Based on a revolving credit, which has the advantage that you can withdraw repaid amounts once, there is an offer of about 10 lenders who can help you further.
What should my income be?
Of course, you must have a regular income to be able to successfully apply for any credit. If you do not have this income, or not yet, you can still ask your parents if they want to act as guarantor for your loan. If you have income and you work alongside your studies, there could be no problem in getting a loan approved for your studies. The interest rate is low at the moment, so your monthly payments will be better than expected. If your income is around 1,400 euros gross per month with a permanent contract or benefit, you can get a continuous credit of around 5,000 euros without too many problems.
Borrow money for students
Students need money at multiple times and that does not always have to be a huge amount. It is also sometimes about borrowing a small amount because you have just planned a weekend away and then you are on black seed exactly at that time. Then a small loan or a mini loan can also help you on your way. Borrow money quickly, because when you approve it, it is transferred directly to you and there are no difficult contracts. You borrow in this way to borrow a maximum of 1,000 euros. But beware, unlike other loans such as revolving credit, you cannot repay a mini loan in installments, this must be done in one go and within a maximum of 45 days. At Best Finance you will find a risk meter for borrowing, which can help you assess whether it is actually a good idea to take out a loan at all.