The student usually has a small budget at his disposal, from which he must pay for a dormitory, a flat or rent an apartment, meals and widely understood expenses for living. Visit http://happy-holi.com/seven-surefire-ways-to-repair-poor-credit/ for a summary
Sometimes it may turn out to cover unforeseen expenses. A student loan may then be of help to him. How do you get it? What conditions must be met?
What is a student loan?
Public universities, which are not lacking in Poland, generally do not charge fees from students. You do not have to pay tuition fees for each semester or for taking the exam.
In theory, education at universities remains free, but every student who has ever studied away from home knows that you have to have a lot of money to be able to realize your dream of studying. It is not as easy as it may seem.
The student must obtain financial resources for:
- flat – the cheapest is in student dorms or campsites, and the most is renting your own apartment, independently, without roommates;
- commuting – to the university and to the family home;
- for office supplies;
- for teaching aids;
- for broadly understood entertainment;
- for clothes, shoes etc.
All this means that, for example, sudden student illness causes a serious financial problem. In this case, among others, non-bank loans for students are useful.
Their undoubted advantage is that they can be obtained in a relatively short time, without having to complete many formalities. Compared to, for example, student loans offered by banks in Poland to students, they can be obtained almost immediately.
Payday loans for students are nothing other than non-bank cash loans, intended for young and adult learners. A large proportion of students can easily take advantage of the offer for such loans online. A student loan is offered by financial institutions operating in the non-banking sphere.
Therefore, they are not banks, but loan companies not covered by the recommendations of the Polish Financial Supervision Authority, which allows them to be more liberal in the matter of verifying the creditworthiness and creditworthiness of a potential borrower. What conditions must be met to be able to take effective loans for students?
Online payday loans for students
A good solution for students who are mostly active internet users will be the offer for payday loans online. They can be obtained without leaving home.
Conveniently, using a computer, smartphone or mobile device, you can collect offers, analyze them and choose the one in which the student payday will have by far the most favorable parameters.
There are many such solutions and they are prepared with young people in mind. An instant cash-up program for a student will not require the potential borrower to submit the entire file of documents, as is the case in a bank.
Students have a chance to receive such a loan online, even if they do not have a loan history at the Credit Information Bureau or their creditworthiness is low.
If the student is interested in the offer for payday loans online, he should pay attention to the requirements for verification of his identity. In the vast majority of cases, loan companies in this situation only require a potential customer to make a verification transfer for a symbolic amount of USD 0.1 or USD 1.00.
The transfer must be made from the account registered to the student’s details to the bank account of the loan company. If the data from the transfer and from the loan application previously submitted for the student are compatible with each other, the identity verification is correct and the student has a chance to obtain the desired loan.
These are special applications that particular loan companies use to check if the person on the loan application is actually who they claim to be. Verification applications require in most cases the indication of the bank where the customer has their personal account and account number.
Then the customer logs in via the verification service to his electronic banking, thanks to which the application receives access to his account and can confirm his data and creditworthiness on the basis of access to the history of the bank account from the last few months.
Verification applications used in loan companies are secured thanks to encryption, so you do not have to worry about the confidentiality of data related to access to electronic banking. After logging out of the client account, the application does not collect or save login data anywhere.
Quick loans for students
If required by the situation, a young person can take out quick loans for students at many loan companies. It is a flexible and convenient form of external financing of any loan purposes. Loan companies offer non-bank loans on simple terms. Require potential borrowers to:
- submitting a loan application – this is usually simply an electronic form on the lender’s website;
- verify the customer’s identity in the chosen way;
- being at least an adult – sometimes, however, there is a higher age requirement: 20, 21 or 23 (very young, only 18-year-old borrowers have been trusted by some loan companies);
- having a stable income, including a mandate contract, and sometimes even student scholarships.
A student who can demonstrate and declare in the loan application form that he has a stable monthly income should not have a problem getting a loan. Fast loans for students do not require the client to have a good history in BIK – most often the history of BIK in loan companies is not controlled.
On the other hand, before a quick loan is granted to a student, the lender can check in other databases, such as BIG InfoMonitor or the National Debt Register, whether there is a potential borrower there. If so, the loan is unlikely to be granted.
A quick student loan can be granted even within a dozen or so minutes of submitting the loan application, if we are talking about online loans – with payment directly to the indicated bank account. It is payday payday, which must be paid back in a relatively short time.