Student loan – what is it and what does it consist of?

  • December 28, 2019

Starting university education is associated with major changes in your life so far. It’s not just time that requires taking time to study intensively. It is also a cost generator – especially when it comes to moving. Students are looking for different ways to face expenditure. Is student loan a remarkable solution?

Student loan – what is it and what does it consist of?

Student loan covers a specific type of commitment that is granted by the bank to a specific group of students – university students. His role is to provide financial support to help cover various types of monthly expenses related to student life. Student loans have preferential conditions and are much more attractive than classic consumer loans.

Compared to ordinary commitments, its cost is much lower. Why? Well, the interest part of the loan is financed from the state budget. This translates into, among others for the loan repayment period. The student does not bear such high costs imposed by the bank for profit. It is worth adding that a student loan has no specific purpose . The learner has the right to spend funds on current tasks, matters related to education, housing or even can allocate cash to a savings account and investing.

Who can get a student loan?

Who can get a student loan?

As the name suggests, every person currently studying at university has the right to receive a student loan. Both public and private (private) students can count on funding . What’s more, student loan in its requirements does not distinguish between full-time, part-time and extramural students. The only requirement is to start education before the age of 25.

Student loan – what documents are required?

Student loan - what documents are required?

As with any bank commitment, a student loan must go through some necessary formalities. However, before starting the whole process, we recommend that you first call the helpline or use a chat-bot of a specific bank. Find out if it offers credit for college students . If possible, verify which documents will be necessary to submit the application. We present the most important information in this regard.

The following documents are required to submit a student loan.

  • Filling out a written loan application – after reading it, sign it legibly.
  • Certificate of family income per capita – is the basis for determining whether a student is entitled to a loan.
  • Certificate from a university – confirms that the applicant is a student and has such status. It is also worth to attach a student ID, which is an additional confirmation of student status.
  • If you have not yet started education at a given university, you should download a document proving that you took part in the recruitment carried out there. This is called certificate of studies .

Student loan applications must be submitted within a specified period of time. They are considered from July 15 to October 20 each year , i.e. in the transition period between the old and new academic year. The student has the freedom to choose the bank where he wants to get a loan. However, it is worth remembering that the group of such institutions is relatively more limited than in the case of a standard loan offer.

Lost Credit Card, Take These 5 Quick and Easy Steps

  • December 25, 2019

The first thing is that when you realize that the credit card is fully gone, it must be incredible panic. Just how not, the article is very vunerable to misuse by others. The particular shadow of a credit card dropping into the hands of irresponsible people will always haunt.

If the credit card drops into the wrong hands, your own limit will certainly be exhausted. While you have to swallow the loss that is paying expenses after bills due to the activities of that person. Do not need it like that?

Nicely, rather than you constantly panicking without doing anything, it might be better to do this. Launching the particular Coverage 6 page comes after five ways you can do right after losing a credit card.

Also read: Let me not really regret, know these five things before you do the BNI credit card cash withdrawal

1 . Recall the objective of traveling that day

1. Recall the purpose of traveling that day

The first thing, naturally , is that you have to remember back again where the location was stopped at. Sort by one to allow it to be easier for you to specify anyplace using the credit card as a means associated with payment.

Or even instead, it could be that the card dropped from a pants pocket. In case you trace back to the road which was passed, maybe the card remains. Visit the place again, if you can find it.

2 . Remember every deal

2. Remember every transaction

Attempt to remember again you use the bank card for any transaction. That way you are able to trace one by one, and then contact the shopping center to see when the card has fallen or even left behind.

You can even go to the merchant’s store which was last visited. Who knows, probably your credit card will be remaining there.

3. Phone the Bank

3. Phone the Bank

If the two ways over have been done but have never produced results, immediately contact the credit card issuing financial institution. Report if your credit card is definitely lost so that the bank may process the blocking.

This is certainly to prevent unwanted things from happening. Nearby report it immediately, anxiety that many transactions have been carried out by bad people communicate card.

4. Apply for a new credit card

4. Apply for a new credit card

You need to obtain a new credit card. Making a brand new credit card can be done at the aged issuing bank. You must full the registration form once again and complete the conditions of creating it. Same when you simply made it for the first time.

5. Be calm

5. Be calm

If almost everything is done calmly, everything goes smoothly. Freaked out once i found out the credit card has been lost. Especially if there have been dealings made by people who found your own card.

Yet consider this a reprimand with regard to carelessness in storing bank cards. Rather than you panic extented, it’s good to be solved slowly, calmly and thoroughly.