Are you curious about the possibilities to borrow money as a student? On the one hand you have good opportunities to take out a loan with Good Finance or a private bank, while on the other hand you will not, for example, be eligible for a mini-loan. Borrowing money for students is a special category in that regard, we list the various options for you. Based on this you can determine where you can borrow money and what it will probably cost you.
Borrow money from Good Finance
You can borrow money for students from Good Finance, the Education Executive Agency, among others. This is the institution that we previously knew as the AD Group, the organization that provides students with financial support from backcash. Good Finance is the party that grants and pays your student finance, and the organization is also responsible for student loans. The basic grant also forms a loan within the new education system. In that regard, borrowing money and students are inextricably linked.
Do you want to borrow more money as a student? You can indicate at Good Finance that you would like to borrow an additional amount, which can amount to around $ 500 per month. On the other hand, you pay a low variable interest rate, depending on the market developments at that time.
Borrowing private money as a student
Are you following a private course or do you intend to follow it? Unfortunately, you cannot make use of the loans with Good Finance. Instead, you can borrow money as a student by contacting private banks, such as ABN AMRO, ING and Rabobank. In addition to a number of other banks, they offer you the option of financing large amounts, such as training that will cost you tens of thousands of euros per year or more. You can borrow money as a student, although the interest will be a lot higher than with Good Finance.
Borrow money online
As a student, would you prefer to borrow money online, for example because you only need the money temporarily and you would rather not pay too much interest on it? You can borrow money online as students, although in most cases you cannot use a mini loan. You are highly dependent on the income that you collect. Do you want to borrow money for a different purpose than for your studies? Then your education is not considered as collateral, which means you have considerably fewer options.
Mini loan for students
For example, it is difficult to take out a mini loan for students. This has to do with the fact that you can take out a mini-credit on the basis of a fixed income or a fixed payment. As a student you probably receive student finance, but that is generally not sufficient to complete one
to take out credit. Borrowing money for students is limited to Good Finance and the possibility to borrow money for private education. You will have to do it when you need money.