Credit comes for students with certain conditions
For most banks, loans are given only to borrowers with a regular income in sufficient amounts. What are they and what credit is feasible? For a loan from a bank, the student status is initially irrelevant. Learn more about the alternatives to credit. Can you also get a credit as a student and if so, a credit comes for students with certain conditions. See http://hsalliance.org/instant-payday-loans-simply-no-credit-check-quick-money-until-payday/ for an observation
Loan for students: only available from the age of 18
1,000 net loan amount, 12-month period, 0.00% fixed debit interest pa, monthly installment 83.33 USD, total 1.000 USD, fund management. Does a student even get a loan? A consideration of the Civil Code is helpful here: Decisive for a student loan is not whether someone is still a student, but the age of the prospective student!
So there is a clear age limit for loans! A student can only be considered the sole borrower when he reaches the age of 18. If a loan is needed earlier, the guardian or another person from the host family must take the loan with them.
In addition, as with any other loan, the lender is naturally also interested in the earnings situation of the young borrower. Interesting is the change of the debtor for a student loan. An installment credit, which was taken up by the parents, can be claimed by the pupil even at the age of adult children and adolescents, of course only with the consent of the house bank.
Legal age limit for the loan
If the legal age limit for the loan of the age of majority is met by the prospective borrower, a loan for students for potential lenders is no longer as fundamentally different from a normal loan. Adult students with low but regular earnings have a good chance of getting credit on favorable terms. If the bank income is too low, a student loan leaves the chance of a co-borrower from the kinship or circle of friends.
The co-borrower must also be 18 years old and have the appropriate and appropriate salary. As an alternative to the co-financier, a third party may also act as guarantor of the student loan. If the student is a minor, the requested loan offer will not be granted for legal reasons alone (age limit for the loan).
A student can get a small loan
At least not if the student seeks to obtain the loan without further help, eg from the host family. Vocational students with a clear educational perspective may, of course, be subject to different standards than high school students, because they earn their own income in a lesson even before they reach retirement age. Even a student can get a small loan:
The whole acts as an adult pupil, ie from 18 years, different. Since the legal situation here in principle permits admission, only very regular assessment criteria on the part of the lenders come into play: How high are the returns, what is the creditworthiness and if necessary to have collateral? Other ways to secure a student loan are the provision of a guarantor from the host family or the registration of a parent or guardian as a co-debtor.