The need for financial means is often particularly high during your studies: not only the tuition fees have to be paid, but also the rent, electricity, additional costs, learning materials, food and drink have to be taken care of. But where to take it from and not steal it? Parents cannot always help financially, and not every student is entitled to a student loan. There are also no part-time jobs for students like sand at sea – especially if you are looking for a part-time job from which your studies do not suffer.
The solution could be a student loan that helps overcome the financial constraints. But do students also get instant credit?
Student credit without Credit Bureau
Loans without Credit Bureau, the so-called Swiss loans, can be found on many sites on the Internet, especially at German loan agencies that work with special Swiss banks. Caution: a Swiss loan is not the same as a loan that you take out in Switzerland, because Swiss loans were created specifically for the German market. Credit Bureau information is not obtained from Swiss loans on the Internet, which makes them so popular with many people, and basically this would also apply to students if they were not excluded from such loans in principle.
With a Swiss loan, the banks require the applicant to have a fixed and regular income that stems from an employment relationship or a civil service relationship, unfortunately the Bafög, like the unemployment benefit, cannot be classified as income.
Education loan for students
While students are not lucky with Swiss loans, there are so-called educational loans that are specifically designed for school and university students. Banks that grant an educational loan are, for example, the Lite Lender and also some savings banks, although of course creditworthiness is always a prerequisite, so Credit Bureau information is also obtained. Education loans are paid out in monthly installments and later, after graduation, as soon as the former student has a corresponding income, is paid back to the bank with interest.
There is also the so-called Best Bank education loan: here the requirements are quite strict, and the loan amount is limited to a maximum of 7200 USD, which is paid out to the applicant in at least three and at most 24 monthly installments.