A loan for study with state support at Sberbank - is it valid in 2018 and its conditions
A loan for studying at Sberbank and its conditions in 2018 will be discussed in this article. This program is popular among clients and many students have already taken advantage of it.
Is it issued Sberbank loan for education in 2018?
Yes, such a program exists, the official website will soon accept applications from customers. Therefore, any applicant will be able to take advantage of these advantageous offers.
What's the news? On the renewal of an educational loan from Sberbank
The issuance of student loans was suspended for a short time, this fact caused a panic among potential customers. But the provision of loans will be restored, from December 1, 2018, and there should be no more problems. The cessation of acceptance of applications was associated with the process of improving the conditions of state support for the loan.
Alternatives to educational loans with state support from other organizations
We speak directly - you will not find worthy alternatives from other organizations. You can get a regular targeted loan, but the interest on it will be at least 1.5-2 times higher. Therefore, you will have to apply to Sberbank for a loan. However, work is already underway to introduce such loans to other banks, and it is also likely that there will be an opportunity to exchange such loans between banks.
Today, only this bank has the right to issue educational loans with state support. He regularly receives subsidies from the budget. The government offsets part of the interest rate to make it easier for students to repay the loan.
Why choose this institution?
Why should I apply for an education loan for students at Sberbank? We list the main reasons:
- You can get a loan from Sberbank with state subsidies;
- Special conditions are offered for borrowers;
- You will be able to gradually return the money;
- It will not take long to collect the required amount to pay for tuition;
- The loan is available for various clients;
- Reduced rate offered;
- Registration does not take much time;
- The financial institution guarantees the provision of fair conditions for cooperation;
- The likelihood of approval is quite high;
- There is no issuance fee.
Sberbank loan conditions for education for students
Loan terms:
- Loan amount - up to 100% of the cost of education;
- Interest - from 7.5%;
- Duration of payment – study period + 10 years;
- No need to provide collateral;
- No need for insurance;
- There are no additional commissions;
- There are no restrictions on the form of education.
The conditions for a student loan at Sberbank are quite simple. During training, you can only pay interest. The student is granted a deferment for the repayment of the principal debt.
Also, in the first year, you can pay only 40% of accrued interest. In the second year, this parameter will be 60%. Starting from the third year, the borrower repays the interest in full.
What are the requirements:
- The minimum age is 14 years old;
- The presence of citizenship of the Russian Federation.
What papers are required:
- Questionnaire;
- The passport;
- Certificate confirming the existence of temporary registration;
- Agreement for the provision of services in an educational institution;
- A payment document from an organization to transfer funds.
Minors can get a loan only with the permission of their legal representatives. In case of their positive response, you can go through the registration procedure at the bank, for this you need the following documents:
- Birth certificate;
- Passport of parents/guardians;
- Permission from the guardianship authorities;
- Written consent of the borrower's parents/guardians.
How to get a loan?
How to apply for an education loan at Sberbank?
- You need to choose the nearest office of a financial institution.
- Visit him and get an appointment with a specialist.
- Provide a package of requested documents;
- The employee will study all the papers;
- Accept the application for consideration;
- It may take up to four days to review a request;
- After the decision is made, you will be contacted by staff;
- In case of a positive answer, you need to come to the office and sign the contract;
- The bank will transfer funds to the account of the educational institution;
- The institution must confirm the receipt of money.
Collection of papers
Before visiting the office, you will need to collect a number of documents:
- First of all, come to an educational institution.
- Conclude an agreement with him, request a copy of the agreement and a payment order for depositing funds.
- If you live at the place of temporary registration, then issue an appropriate certificate.
- Attach your passport and you can go to the bank office.
Redemption
Education loan repayment scheme:
- At the time of study, the student pays only interest. In 1 and 2 years they are reduced by 60% and 40%;
- After the full completion of the training, the client is provided with an additional delay of three months;
- Upon completion, the process of repaying the loan begins in the usual form.
Sberbank provides a deferment to the client to find a job. You have enough time to find a place for further employment and start paying off the loan. It can also be repaid early without additional fees.
Getting higher education is a priority goal for most school graduates. With a diploma, a young person is more likely to build a good career and secure a decent future for himself. Far from everyone succeeds in passing a harsh competitive selection and enrolling in free education. But this does not mean that higher education is for the elite. An education loan provides an opportunity to receive a diploma for students with various financial capabilities.
Student loan: features and conditions for obtaining
You can also master a promising profession at a paid department, while the applicant does not have to have the entire amount of money necessary for training. It is enough to prepare the documents and submit an application to one of the banks offering a targeted loan.
Educational credit appeared on the Russian market relatively recently. In general, it is a kind of consumer loan, but it has a number of features. This is a targeted loan designed to pay for the services of an educational institution (technical school, college, university), and the conditions for it are somewhat different from other types of loan products. A number of banks also provide loans for obtaining an MBA and studying at foreign universities. Other features of an educational loan include:
- a grace period during which the borrower can only pay interest. This period can be from 1 to 5 years and, as a rule, coincides with the borrower's training period;
- relatively low interest rates (10-20% per annum);
- funds are issued for up to 11 years;
- You don't have to be of legal age to receive tuition fees. Persons over 14 years of age can apply to the bank by providing the credit institution with the consent of the parents certified by a notary.
In most cases, using this type of loan, you can pay no more than 90% of the amount at which tuition is assessed. Often, a necessary condition for issuing a loan is the additional registration of life and disability insurance or the presence of guarantors with confirmed income and a good credit history. If the loan amount is large enough, the bank may require collateral.
An important condition for issuing a loan is the presence of a residence permit or temporary registration of the borrower in the locality where the bank is located. A student loan is provided by transferring funds to the account of an educational institution and cannot be spent for other purposes. If a student takes an educational loan, he is obliged to provide the bank with a certificate issued by the university and confirming his good academic performance every six months or a year.
To become a happy owner of a loan for education, you must present the following papers to the bank:
- documents confirming the identity of the borrower (passport and a second document of your choice);
- documents confirming the income of the borrower (if he intends to receive a second higher education or take courses) or his guarantors / co-borrowers;
- an agreement with the university for receiving paid services. Before you receive a loan for education, you should make sure that the information about the recipient of the payment and the transferred amount correspond to the terms of the loan agreement;
- Written consent of the parents for the child to receive a loan for education, certified by a notary.
Overview of banks offering educational loans
A loan for higher education is issued by a bank, provided that it has an agreement with the university where the borrower plans to study. To find out where it is better to get a student loan, you just need to contact the educational institution with this question. There you can also get a payment document for the bank, which will indicate the cost of study and the details of the university for transferring funds.
Loan with government subsidies
In 2013, the Russian government approved a special program to subsidize student loans. Sberbank was one of the first credit institutions to start issuing such loans. You can apply for an educational loan with state subsidies in this organization at a rate of 7.06% per annum. Sberbank provides young people with the opportunity to receive money without a down payment, insurance, commission and security.
You can spend these funds on studying at a full-time, evening or correspondence department of a university registered in the territory of the Russian Federation. The term is calculated individually: 10 years are added to the years of study, during which the borrower must repay the principal debt. The grace period, in which only interest is paid, is: training time + 3 months. During the first year, the student makes a monthly payment of 60% of the accrued interest, in the second year - 40%, and starting from the third - 100%.
In case of delay, Sberbank provides for severe penalties - the penalty will be 20% per annum on the amount owed. Only students with good academic performance can take a loan with state support: if triples appear in the certificate, lending will be stopped. Upon completion of training, the borrower is obliged to provide the bank not only with a diploma, but also with a document confirming official employment in the specialty received.
So far, not all students can get a loan with state subsidies: only a small number of universities have an agreement with Sberbank.
Other banks issuing educational loans
A target loan for education is ready to provide students on various conditions at once by several banks.
- In Soyuz Bank, you can get an educational loan for up to 16 years at a favorable rate of 10%.
- Rosselkhozbank provides student citizens of Russia with a loan for up to 10 years. The interest rate is 14% or more. The amount cannot exceed 350,000 rubles. The loan is provided by transferring funds to the account of the university in the form of a credit line (part of the loan goes to the educational institution every semester) or at a time.
- In UralSib Bank, students can receive funds for education for up to 5 years in an amount not exceeding 500,000 rubles. The interest rate will be 15-18%.
- Baltic Bank offers to issue an educational loan for up to 7 years at an interest rate of 19%. No initial deposit required.
- Bank Education offers a 15% annual rate on student loans (only at public universities) for up to 5 years.
- Bank Societe Generale Vostok is ready to provide students with a loan in the amount of up to 750,000 rubles. at a rate of 14% for up to 6 years.
- Probusinessbank will provide money for graduate school, doctoral studies or an MBA degree. Loan term - 2 years, amount - up to 300,000 rubles.
We must not forget that many credit organizations, under the guise of a loan for education, offer a regular consumer loan without the listed benefits. The only thing that distinguishes it from a regular loan is that the money goes directly to the account of an educational institution. Using such a loan product is unprofitable - it is easier and cheaper to get a regular loan for urgent needs or a loan secured by property. This can be done by parents or other close relatives.
In our country, special offers of banks for students are still an innovation. An important difference between this loan product and others is the age of the borrower. Money for education can be received by citizens who have reached the age of 14, if there are solvent guarantors or co-borrowers. Another important difference is the repayment scheme. For one year or the entire period of study, the borrower has a grace period during which he is obliged to pay only interest. Then, when a young specialist gets a job, he begins to pay the principal. Such conditions best meet the needs of the borrower and allow you to get the desired diploma without significant overpayments. In large banks of the Russian Federation today you can get a loan to pay for education in almost all leading universities in the country.
A student loan can be obtained from Alfa-Bank. The money can be used to pay for studies in Russia or abroad. The lending program allows you to execute transactions in the amount of 50 thousand to 2 million rubles for up to 3-5 years. Borrowers aged 21 and over can apply for an education loan.
Benefits of educational loans at Alfa-Bank
- Lack of collateral and guarantors;
A loan for studying abroad or in Russia can be obtained without guarantors. In addition, borrowers can choose which documents, in addition to a passport and a certificate of income, to submit to receive credit funds (driver's license, copy of a work book, TIN certificate, MHI insurance policy, insurance pension certificate, certificate of registration of TS / PTS).
- Possibility to apply online;
Alfa-Bank has a convenient system for obtaining student loans for students - just spend 15 minutes to fill out an online application. It is necessary to indicate basic information in it - passport data, contact details, registration address, place of work.
- Improved credit scoring mechanisms;
You can get a loan to pay for tuition at a university within 1-2 days after applying. Such a high speed of consideration of applications is possible thanks to new mechanisms for assessing creditworthiness and checking the credit history of borrowers.
- Modern technologies of credit account management;
To get information about the amount left to repay on the loan, find the nearest branch or ATM of Alfa-Bank, make a payment, you can use the convenient Alfa-Click Internet bank or the Alfa-Mobile mobile application, compatible with any smartphones and tablets . You can ask any questions of interest to consultants in the 24-hour Alfa-Mobile online chat.
Typically, an educational loan allows you to pay 90% of the total cost of education. Consider the conditions for lending to students, the features of obtaining a loan and other nuances.
Banks began to offer educational loans not so long ago. A student loan is a type of consumer loan, but with some preferential features.
To get an educational loan, you need to contact the appropriate bank. Educational loans are provided exclusively for tuition fees and exactly in the amount of the invoice that was issued by the educational institution. Separate conditions and features depend on the issuer's program.
Government subsidies
Students who entered strictly defined specialties will be able to apply for an educational loan on preferential terms. It is also required that the university work with this program.
- Borrowers are adult applicants or students over 14 years of age(in the latter case, permission from the guardianship authorities and parents will be required).
- Minors who are taken into custody are not issued a loan.
Banks that provide loans for education: TOP 15
Russian banks have developed special educational products that are available for registration to a wide range of citizens. Each financial institution puts forward its own requirements for potential borrowers.
VTB 24 provides educational loans in a maximum amount of up to 3,600,000 rubles. A loan can be issued both without security and under surety.
Post Bank offers a loan for education in the amount of up to 2 million rubles. Has a long repayment period.
In Sovcombank, you can get an educational loan under two programs - "Standard Plus" and "Super Plus". In the first case, the maximum amount to be issued is 200 thousand rubles, in the second - 600 thousand.
Ural Bank
The Ural Bank for Reconstruction and Development is one of the most popular options. In it, you can get an educational loan for a maximum amount of 600 thousand rubles. The interest rate is 15%, the repayment period is 3-7 years. The loan is issued to persons over 21 years of age. From the documents you will need a passport and another document of your choice (driver's license, SNILS).
Eastern Express Bank
In East Express Bank, you can get an educational loan, the duration of which is 1-5 years, the largest amount to be issued is 1 million rubles. The interest rate is 15%. You can pay off the loan early.
Soyuz Bank offers to issue an educational loan, the duration of which is a maximum of 16 years. The interest rate is 10%. You can receive money in dollars or rubles. The amount is given to borrowers up to 100% of the total cost of education.
Rosselkhozbank offers an educational loan for a maximum of 10 years. The interest rate is at least 14%. The largest amount is 350 thousand rubles. Funds are transferred to the account of the educational institution in two ways - at a time or every semester. It is possible to extend the loan repayment period up to 5 years.
Renaissance Credit
In Renaissance Credit, you can apply for a student loan in the amount of up to 700 thousand rubles. Interest rate - from 13.9%, repayment period - 2-5 years.
OTP Bank offers to issue a loan for education at an interest rate of at least 14.9%. The largest loan amount is 750 thousand rubles, the duration is 1-5 years. Full and partial redemption available.
In UralSib, you can get credit money for education up to 500 thousand rubles. Loan duration is up to 5 years. The interest rate is from 15 to 18%.
Baltic Bank has developed an educational loan program, the duration of which is up to 7 years. The interest rate is 19%. The banking institution does not require a down payment.
Bank Education can issue a loan for a period of 5 years. The interest rate is 15%. The loan is issued only to students in state universities.
Bank Societe Generale Vostok offers students to apply for an educational loan, the maximum amount of which is 750 thousand rubles. The duration does not exceed 6 years, the interest rate is 14%. Money can be received in euros, dollars and rubles.
Probusinessbank offers a loan for an MBA degree, doctoral or postgraduate studies. The duration of the loan is 2 years, the maximum amount to be issued is 300 thousand rubles.
National Prombank offers to receive an educational loan in the amount of up to 90% of the total cost of education. A pledge or guarantee of the legal representatives of the student is required.
Often, banks under the guise of an educational loan offer to issue a standard consumer loan, which does not have benefits. It differs from a regular loan in that the money is transferred to the account of the university immediately. The disadvantage is the lack of benefits: in this case, it is best to issue a loan secured by property or for urgent needs in the name of close relatives, parents.
Conditions for student loans
An education loan is different in that it is issued without a certificate of income (with the exception of the borrower receiving a second education).
Debt repayment begins either from the third year of using credit funds, or after receiving education and subsequent employment. Until that time, the borrower pays installments, the amount of which is equal to the accrued interest.
It is permissible to issue a loan to pay for tuition at partner universities of a banking institution, the list of which is predetermined.
Interest rate
The advantage of a student loan is that the resulting overpayment is small. Some banking programs have low interest rates. Those borrowers who have issued a loan for education with a state subsidy will be able to save the most. According to the preferential program, the refinancing rate of the Central Bank of the country affects the size of the overpayment.
The choice of bank affects the interest rate:
- overpayment under the Rosinterbank program is equal to ¼ of the Central Bank refinancing rate, plus added 5% ;
- overpayment under the Sberbank program is equal to ¼ of the Central Bank refinancing rate, plus 3% .
Loan repayment: amount and terms
- The rules of a banking institution establish the amount of a loan for educational purposes. Its amount must not exceed 100% from the entire cost of education, since the bank transfers funds to the account of the university.
- There are banks that provide educational loans, subject to the availability of a down payment in the amount of 10% and more to pay for university services.
- The repayment period is from 3 to 16 years old depending on which bank was chosen.
- The preferential program with a state subsidy provides for a deferred payment. According to it, the duration of the loan agreement after receiving a diploma of education is up to 10 years.
Loan security
Preferential educational loans do not require collateral and income statements. In the case when a loan is issued without state support, some issuers require a guarantee from individuals or a pledge of property.
Collateral is established on an individual basis, taking into account the parameters of the borrower, the amount of the loan and other factors.
Features of the loan
Applying for a tuition loan differs from standard lending and consists of the following steps.
- Passing exams, admission to the chosen educational institution.
- Choosing a banking institution from the list of university partners that offer the most favorable conditions.
- Familiarization with the list of packages of documents in order to apply, and their collection (presented on the website of the issuing bank).
- Apply through a bank branch.
- Getting a positive decision.
- Studying the terms of the loan, signing documents.
The required documents for obtaining a loan include the following.
- A contract for the provision of services between a future potential borrower and a university.
- Official papers that act as confirmation that the student has entered an educational institution.
- TIN, SNILS and passport of the potential borrower.
- Documents that confirm the applicant's registration (temporary or permanent).
- Documents from the military registration and enlistment office.
- Application form, pre-filled in the form of a banking institution.
- A document taken from the accounting department of the university, which contains an invoice for payment of educational services.
If the potential borrower has not reached 18 years, he will need to provide:
- birth certificate;
- passports of parents, legal representatives;
- written parental consent;
- permission from the guardianship authorities.
Loan repayment
- Loan repayment has its own characteristics. The interest part of the debt can be repaid during the borrower's study period, plus the bank provides 3 months to pay off the debt after the student graduates from the university.
- The principal payment is made for 10 years after the borrower has obtained a profession and found a job.
- Some programs do not offer deferred payment.
- The borrower has the right to repay part of the cost of training or the full loan without accruing additional penalties and fines.
Advantages and disadvantages
The benefits of student loans include:
- lending rates are lowered;
- there are no commission charges;
- often provides for a delay in the payment of the loan;
- there are government subsidies;
- you can get a personal loan from 14 years old.
Disadvantages of these loans:
- for registration, a lot of documents, certificates are required;
- the list of university partners is limited;
- if a student arrives to study from another city, then the lack of a residence permit in the region of application will prevent him from obtaining a loan;
- due to the delay in payment, the amount of the overpayment is much higher;
- some banking institutions require the provision of a down payment in the amount of 10-30% from the cost of educational services of the selected institution;
- sometimes collateral is required (for example, real estate);
- one of the conditions of almost every bank is life and disability insurance for the borrower and co-borrower, and this leads to even higher costs;
- an educational loan forces a young person to get the chosen specialty and diploma, even if he realizes that he made a mistake with the choice (the student can also be expelled - then he will lose a large sum of money and time).