What are the conditions for obtaining a student loan?
While many banks now offer student loans, the conditions for obtaining them are generally the same:
to be of age ;
be enrolled in an institution that prepares for a higher education diploma;
be under the age of 28 - sometimes 30 in some banks - on the date the loan is taken out.
Good to know: studies in Paris, in the provinces or elsewhere, no difference!
Indeed, whether you intend to pursue higher education in Paris, elsewhere in France or even abroad, you are entitled to a student loan.
Read also : How to obtain a bank loan of around 25,000 euros for a vehicle when you reach the minimum wage?
To obtain this personal loan, it is often necessary to have a deposit, that of the parents for example. If this is not the case, it is possible in some banks to have your credit guaranteed by the State for a maximum of €15,000. In the event of default by the borrower, it is therefore the State which will pay the monthly installments of the loan, through the intermediary of the public investment bank.
How to find the best student loan offer?
From one financial institution to another, the conditions of a student loan can vary considerably. Particularly in terms of rate, PRA (prepayment penalties), maximum duration, maximum amount and administration fees. To find the best student loan, do not hesitate to compare the offers:
First point to check: the APR or Annual Effective Annual Rate. Expressed as a percentage, it makes it possible to evaluate the total cost of a personal loan (the lower it is, the better it is). The APR is set freely by the bank. For a student loan, it is generally around 1%.
Another point to consider is the terms of reimbursement. Repayment period, adjustable monthly payments, penalties (PRA) applied or not in the event of early repayment, it must be ensured that the offer is the most compatible with its repayment capacities.
One last tip: some schools or universities have agreements with banks. They allow you to benefit from a student loan at a preferential rate. Students can also take advantage of more advantageous rates with a financial institution whose parents are clients. Check with your bank, you never know!
Advice: do not delay!
You should also know that on the contrary, a student loan file could potentially be refused by a bank if the applicant is outside of it. It all depends on his goodwill. The bank may further limit the annual quota of state-guaranteed student loans. It is therefore best to approach banks and financial institutions as soon as possible.
Can we make a loan to a bank while another loan is in progress and has not yet been repaid, as long as the bank trusts us?
Yes, of course, but your borrowing capacity will be considered globally, taking into account the current loan. In other words, the repayment capacity as well as any guarantees will be calculated by combining the monthly payments of the 2 loans.
What do banks look at when you apply for a loan?
Hello. First of all, when you apply for a loan, do not hesitate to do a credit simulation
to find out your eligibility. You can also calculate the total amount of this transaction using the APR (Annual Annual Effective Rate). Then your borrowing file
must be flawless. You will be required to provide several supporting documents such as your pay slips, your tax notices
as well as an identity document. The bank will then analyze your banking history and your professional situation. She will also check if you have any other outstanding credits. All these steps are taken in order to know if you are eligible for the requested loan and if you will be able to repay the said loan.
How to obtain financing?
You do not specify the nature of the funding. In general, all you need to do is make an appointment with your banker and be solvent!
Is it advantageous to repay a loan in rubles?
The name of the currency does not matter.
It is the value of the latter at the time of the transfer that is important.
Unless the question was cunning.
How do I get a dividend from a stock?
Earning a dividend is very simple: all you need to do is own shares that pay a dividend in an ordinary securities account (CTO) or in a PEA.
When the company pays the dividend, the amount of the dividend is credited to the cash account of your CTO or PEA.
You can then use this money to buy back new shares and/or transfer it to your current account.
What is less simple is the taxation associated with the income you have received:
- On CTO, you must include the dividends received in your tax return, and choose between the single flat tax of 30% and taxation at the scale. The "flat tax" is interesting if you are on the slice at 30% or more, otherwise it is better to take the scale.
- On PEA:
- You owe nothing until you withdraw money (i.e. until you make a transfer from your PEA to your current account)
- If you withdraw money from a PEA that is less than 5 years old, you will need to close the PEA and apply CTO taxation
- If you withdraw money from a PEA that is more than 5 years old, you will not have to close it and you will not pay taxes, but you will still pay social security contributions on the dividends received and capital gains realized
How to generate a loan without going to the bank or avoiding huge rates?
How to make a loan without doubt?
Crowded funding is the fashionable way to carry out a project.
Do you need 3 balance sheets to get a home loan when you are freelance?
The short answer is yes and no.
As a micro-entrepreneur, you need at least two tax notices that reflect your activity. For the other statuses, you need at least two positive balance sheets. But, in general, the first year is not glorious, suddenly it counts for butter and we arrive at these famous "three balance sheets". But if you already have two good years, you have every chance to borrow.
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