Education loans corresponding to the student’s university years and is one of the types of loans can be applied to all adult individuals who have completed 18 years of age. It is possible to apply from private bank institutions or state banks within the scope of educational loans that can be applied to receive financial support throughout the education life. Although the most appropriate education loan options are generally given through Bank, loan applications can be made from other bank institutions with appropriate interest rates and easy repayment opportunities.
Education Loan Application
It is possible to apply for education loan through banks’ websites, bank branches or with a petition. One of the most important factors to be considered in the application process is that the loan repayment installment is payable without forcing the family budget too much.
For this reason, the student must calculate the monthly installment amount well and prefer the most appropriate education loan before applying for the education loan. Within the scope of a training loan to be made by making a loan payment plan, reimbursement can be made without difficulty.
Education Loan Calculation
The bank performs the calculations of all loans that are withdrawn within the scope of general purpose loans, including education loans, based on the income level of the person. Within the scope of education loan, this level of income is calculated by calculating the income from the family rather than the person, and credit calculation is performed. It is known as one of the factors taken into consideration by the bank institutions that half of the monthly income is not higher than monthly installment payments. As an example, the loan installment of a person with a monthly income of 4 thousand USD should not exceed 2 thousand USD.
Education Loan Requirements
Requirements for a student to apply for education loan; It is listed as being over the age of 18, regular loan operations and loan conditions in general, declaring income with a document with official validity, having a parental consent if a mortgage will be given, and providing a document showing the tuition fee at the institution in question.
Education loan is a type of loan for almost every student, but it is important to make a good calculation. Family income acts as a determining factor in this calculation.
Finding the Most Appropriate Education Loan
It is sufficient for the student to use the comparison tools on various websites in order to find the most appropriate educational loan. In these tools, it is possible to see the offers of all banks through factors such as entering the amount that the student wants to withdraw and determining the payment term.
While it is seen that the state banks generally make interest rate transactions over less interest rates, it is observed that banks with private institutions also offer education loans at very low interest rates within the campaigns. It is possible to access the most appropriate training loan through the calculation and comparison tools.
Educational Institutions Having Agreement with Banks
Taking education loan from contracted banks is a major factor in reducing loan interest. Among the educational institutions that have agreed with banks; There are private universities, colleges, cooking schools and pilot schools.
There is no need for any private bank institution since the credit withdrawal at public universities is already done through Bank with state support. On behalf of people who want to take credit to study in special education institutions, credit withdrawals can be made with the bank, through which an agreement has been reached through any of these institutions.
Calculations required for credit withdrawals can be made using the daily interest rate through the calculation tools available on the internet.