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Zero-rate student loan: how to get it?

April 24, 2019

A zero-rated student loan is a type of consumer credit for which you repay only the borrowed capital. This is a good loan for students because they do not have to pay interest. The zero-rated student loan is subject to conditions.

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What is a zero rate student loan?
The terms of the zero-rated student loan
Where to find a student loan rate 0?
How to take out a student loan rate 0?
Compare to find your student loan

What is a zero rate student loan?

A zero-rate loan is a type of consumer credit that allows you to take advantage of a sum of money to repay without interest . If a bank or credit organization grants you a zero rate loan, you will have to repay the borrowed capital, but not the interest, since the interest rate of the loan is zero.

A zero rate student loan works exactly on the same principle. Its only particularity is to be specifically granted to students, who often have specific needs for Duke of Omniumr their studies: purchase of equipment (computer …), Duke of Omniumment driving license, payment of a deposit for housing etc. .

Students often have limited budgets. Benefit from a zero interest student loan is a boon: without interest, your credit logically cheaper!

The terms of the zero-rated student loan

The zero-rated student loan is a particularly interesting Duke of Omniumment solution for young people. However, this type of credit meets certain specific conditions:

A low ceiling , usually 1000 € or 1500 €. Most banks do not offer zero-rated student loans beyond these amounts;
No delay allowed . With a traditional student loan, you usually get a deferred refund, which allows you to repay your credit at the end of your studies.

And like all student credits, it is necessary to be able to justify its student status to benefit, to be between 18 and 28 years (the age limit may vary depending on the bank) and to have a deposit.

With the zero-rate student loan, you only repay the amount borrowed and have no interest payable. However, some institutions may charge you a fee. If you have borrower insurance, you will also pay additional fees.

Where to find a student loan rate 0?

Student loans rate 0 are advantageous for borrowers, but less for lenders. Thus, not all offer this type of offer. Where to find a zero-rated student loan?

At some banks;
With some local authorities. Some regions offer student loans at 0% in partnership with banks.

The € 1 per day loan, a zero-rated student loan

The loan allowed at € 1 per day is also a type of zero-rate loan financed in part by the state, which supports your borrowing interest. The peculiarity of this loan is that your monthly payments should not exceed 30 € per month, hence the loan name to 1 € per day. It is for youth 15 to 25 years who present for the 1st time in the examination or who wish Duke of additional training on failure. All driving schools are not partners in the operation.

How to take out a student loan rate 0?

To purchase a zero-rated student loan, you will need some documentation that the lender needs to review your case and assess your creditworthiness and borrowing capacity.

The requested parts are usually as follows:

An ID ;
Proof of student status;
A bank account number ;
A proof of address (bill of electricity, gas, water, telephony …);
The wage bulletins of the guarantor.

Note: obtaining a zero rate student loan is not automatic. Each institution sets its own conditions of grant and is free to refuse you a credit.

Compare to find your student loan

To find your solution of Duke of Omniumment, the ideal is to use a comparator of consumer credit. In a few minutes, after filling in some information about your project, you access the personal loans available according to your profile and your needs. All you have to do is apply for a loan from the institution of your choice!

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Personal Loans for Individuals

If you are an employee in a relationship of dependence, hired, domestic or self-employed worker, you can request the Personal Loans for Individuals of Bank in Columbia. These loans with free destination are designed to do everything you want or what you need to achieve your goals.

features

It gives you a maximum amount of $ 200,000.
Up to 60 fixed installments in pesos to pay the credit.
You can choose the expiration date of your installments.
You can pay the fees in any of the branches of Bank in Columbia, or also in Tragoal, Prad Credit or Provincia Net.
They grant you your Personal Loan in just 45 minutes after your request.

Minimum requirements

To request your Personal Loan for Individuals, you must present the applicant’s ID and the voter registration booklet.
Present the last receipt of assets.
And present the last invoice of a tax or service.

Loans with code

This line of Personal Loans is aimed at all employees of the National and Provincial Public Administration and Security Force.
It gives you a maximum amount of $ 210,000 that you can pay in up to 60 fixed installments in pesos.
Once you request your Personal Loan, you take it immediately.
You can request it by fulfilling the minimum requirements.

Loans with Debit in Account

These loans are exclusive for anyone who collects their assets through Bank in Columbia.
The application process is fast and you only need to present your ID.
With this loan you can fix your car, renovate your house, take a trip or just give yourself a treat.
It grants you a maximum amount of $ 170,000 to pay in up to 60 fixed installments in pesos.
The installments are debited automatically from the Savings Bank at Bank in Columbia.
The maximum age of granting is 84 years.

Telephone loans

This exclusive line of Loans is intended for those who collect their salaries through Bank in Columbia.

Perform accreditation at the time and with the convenience of doing everything by phone.
It grants you a maximum amount of $ 60,000 to pay in up to 60 fixed installments in pesos.
You can call 0810-999-0490 and ask for your Telephone Loan from the comfort of your home.
The installment fees are automatically debited from the Savings Bank at Bank in Columbia.

Payday loans without BIK – are they still available?

If you have debts not paid in banks or you have not paid off your liabilities to banks, then negative entries in BIK appear. A negative history in BIK may translate into serious difficulties in obtaining new financial products to also apply to payday loans .

Can you find financial products that allow you to borrow money without checking BIK?

In general, only banks can check BIK information. However, information in BIK can also be checked by other companies after consenting by clients. Many companies require this permission when applying for a financial payday loan . If the company checks this information then customers have negative entries in BIK may not be able to get a payday loan. Of course, a lot depends on what entry is in BIK.

Many payday loan companies do not take into account such liabilities in BIK, which were paid in a delay, even if the payment was made as part of bailiff enforcement.

Many companies take into account only currently unpaid financial liabilities, which are found in BIK. However, generally checking information in BIK with a bad history significantly limits the chances of obtaining a payday loan.

Payday loans without BIK

Companies providing payday loans without BIK are less and less on the market.

However, you can still find financial companies that do not check such information, that is, do not request permission to check such information from customers. If you want to find such companies, the best solution is to check the information available on the Internet. On financial portals, you can find information about the requirements of individual payday loan companies as part of granting payday loans.

On such sites you can find information about companies that do not check the information contained in BIK. Most often this applies to companies that provide payday loans for a short period of time. Quick payday loans generally can be obtained without checking BIK. However, such payday loans are not granted on favorable financial terms, but they can always be a solution in the event of an urgent need to borrow funds on the financial market.

Lack of checking BIK for longer lending periods

If you are looking for companies that provide medium-term or long-term payday loans without checking BIK, they are generally companies that operate on the payday loan market by providing secured payday loans. Such secured payday loans have much lower risk for financial companies due to the lack of payday loan repayment by customers.

payday loans’ collateral may include, among others, payday loans granted for security of movables as well as real estate. In general, mortgage collateral is recognized on the financial market as the best security for borrowed money.

Such protection allows to provide the most favorable conditions on which payday loans are granted in medium and long-term payday loans, as financial companies can borrow even larger sums of money without high risk.

Payday Loans in Portugal: know all

Whether it is to make your dreams come true by buying a trip , a home remodeling or just to cover an unexpected expense, payday loan in Portugal can be a great help in addition to the monthly budget. Still, there are some cautions that you should keep in mind.

Simulate payday loan quick approval

Whether over the phone or the Internet, it is now possible to apply for funding relatively simply.

Payday loan is included in the consumer credit scheme and therefore, banking and credit institutions must comply with certain standards when it is granted.

Know the main criteria to consider if you are considering applying for a personal loan in Portugal.

What is payday loan in Portugal?

payday loan is a type of loan that allows you to request a specific amount of money and repay it every pay date through fixed installments over a certain period.

One of the criteria for regulating these loans is the value of maximum interest rates. The Annual Effective Charge ( APR ) can not be higher than the current value, set by the Bank of Portugal .

In view of this assumption, you must always inform the institution of the purpose of the claim. If your application is intended to fund studies , pay unexpected health expenses, or place solar panels at home, for example, the maximum fee will be lower than that applicable to other credit purposes.

If you do not inform the bank about the destination of your loan, the maximum rate applied may be higher.

What types of payday loan are there?

Consolidated credit

The consolidated loan is a type of personal loan whose goal is to join the monthly installments of several loans into one.

By aggregating a number of loans, you will get a smaller loan and get better financing terms (this will make your interest rate more accessible and the loan term will be extended). This is a way to avoid over-indebtedness and help manage the family budget better.

Specialized Credit

A specialized credit , whether it is to finance studies, travel or pay for health care, must always be communicated to the bank so that it can obtain the most favorable financing conditions for the purpose it seeks.

Both the APR and the methods of payment and the amount of the monthly installment differ according to the type of credit requested.

Fast credit

The rapid credit is characterized by a process more agile and simplified approval to provide the money in your account. The request is usually made by phone or online and you can expect to get a response from the bank in less than 48 hours.

In addition to speed, this type of financing is distinguished by the ease with which it can be requested, since it does not need to change banks to do so.

What care should you have?

When hiring a personal loan you should measure the impact of the monthly installment on your family budget, since this monthly allowance will be maintained over an extended period of time.

Before making a final decision, we advise you to compare the various options available in the market, making sure that you contract the credit that best suits your possibilities.

As a customer, you have the right to be informed about all the characteristics of the product you are contracting and that must be included in the Normalized Information Sheet (FIN). The financial or credit institution has a duty to help the client to understand this document and to clarify additional doubts.

It is also a right of the consumer, if he wishes, to withdraw from the credit agreement within a maximum period of 14 days from the date of signature, without it being necessary to indicate the reason. By giving up the credit application you will have to repay the loan amount and pay the interest due within 30 days.

You can also proceed to early repayment of the loan amount. To do this, you must inform the credit institution at least 30 working days in advance. If the loan is a variable rate, you will not be charged any early repayment fee.

However, if the contract is fixed rate, the early redemption fee will be charged to you in a percentage of up to 0.5% of the amount of the capital reimbursed, if more than one year is left before the end of the contract, or up to 0.25% if one year or less is missing.

Instant Loan in 24 Hours on the Account

Loan payment within 4 days

Start your loan request now (there is no contract yet).
After checking your request, the money is already in your account after 4 days.
You just have to accept our offer. If not, then not. No hook, no cost.

The usual commitment is that an instant loan will be credited to the claimant’s account within two bank business days. The basic requirement is that the latter complies with the time slot for submitting the loan application specified by the selected financial institution.

The latest time to loan after two bank working days is mostly in the early afternoon, with some money houses but already at twelve noon. For an even faster loan payment within 24 hours basically the same time windows apply, moreover, it is not always possible. The mere instant promise does not mean that the loan will be credited to the account after one day, but in many cases is sufficient as a commitment to secure funding.

The fast loan payment with Postident procedure

In order for the requested instant loan to be credited to the credit applicant’s account in 24 hours despite a post-beneficiary procedure, a Prior 1 transfer of the loan amount is required. This form of transfer is also referred to as lightning transfer and involves high additional costs that the borrower has to bear. Without the accelerated form of bank transfer, due to the postal delivery times a loan payment after 24 hours in connection with a postident procedure is not possible.

The fast loan payment without Postident procedure

If the Postident procedure is not required, an instant loan can be credited to the applicant’s account in 24 hours. If existing customers submit a new loan application, of course, another identity check is unnecessary, so that the desired loan can be instructed immediately to disbursement. If the selected bank maintains branches, the borrower can have their identity check made there by visiting them and presenting their identity card. The release of the loan payment is possible in this case immediately after the visit of the bank branch. Most frequently, the instant loan requested by a bank licensed in Luxembourg is in the account in 24 hours.

The reason is that the Luxembourg banking supervisory authority approves the identity check by sending a copy of the identity card up to a maximum amount. It also allows its licensed financial institutions to receive a copy of the identity document as a fax. A bank equipped with a Luxembourg banking license may well have branches in Germany or any other EU member state and arrange for the loan to be processed so that it can obtain a private credit request. Often, the loan processing takes place in Luxembourg, so that credit applicants also take into account the holiday regulation of the Grand Duchy.

The payment within 24 hours is an additional service

If the money from a requested instant loan in 24 hours on the account of the customer to be received, banks rate the rapid payout as an additional service, which they priced in the loan rate. The calculation of reasonable additional costs for the fast payout is accepted by both borrowers and consumer advocates. So that no borrower pays too high interest, a price comparison between several providers is indispensable. The decisive factor, as with any credit comparison, is the annual percentage rate of charge.