What is the offer of student loans in our market?

What is the offer of student loans in our market?

Student life brings not only joy. Parents often do not have the money to pay for accommodation and study, and students often have to stand on their own when they are in college. In the beginning, student loans can help them. These offer banks and non-bank companies.

What do banks offer?

What do banks offer?

Students can also apply for loans to major banks. Even though students have no or only minimal income, banks have prepared special student products for them. Bank student loans are more advantageous than non-bank loans, but candidates must meet certain conditions and submit a study certificate. While it takes a little longer to process, the reward for patience is a higher amount at a lower interest rate than other loans.

Student loan from Cash Portalona

Student loan from Cash Portalona

A loan for students from Cash Portalona is intended for university students and secondary school students. Money is non-purpose, ie. without proving what the applicant used the money for. Cash Portalona provides a student loan of 20 to 700 thousand and offers a maturity of up to 10 years. Students must present a certificate of study, identity card and receipt of their or co-debtor, who is usually one of the parents.

CP Student Loan

CP Student Loan

Although CP does not offer loans directly intended for students in its offer, it offers an interesting alternative: the current account Plus Konto with the possibility of overdrawing up to CZK 20,000. Free leadership is available for young people under the age of 26 with no income and will receive two contactless cards for their account. Of course there is the possibility to manage the account via smartbanking or internet banking.

Non-bank loans available

Non-bank loans available

Non-bank companies lend to students who are going to study or already pay some school-related expenses. Students handle the entire loan online from the comfort of their home, college or rental. They can have money on their account immediately and can use it according to their current needs. Non-bank loans are generally more affordable than bank loans, but carry higher risks. For example, in the form of high penalties in the event of default.

Non-bank loans to students are an easy way to get money. On the Internet, you can find a wide range of loans without income (ie loans without the need to document income), loans without a guarantor, and flash SMS loans. However, it is necessary to anticipate that these products are provided with higher interest, shorter maturity and limited amounts, usually up to 5000 or 10000 CZK.

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