What do you think when you take a loan from a bank?
At present, offers such as student loans are no longer news. University students can buy the right thing in installments or get a bank loan to buy this or that product. The student, one might say, life is not sugar, because he is deprived of many. To buy a car or such modern technology as a laptop, he can not do.
However, there are also financial institutions where students are given a loan and at a very affordable percentage. But a whole series of questions arise. Is it safe to take on such a burden as a loan? Under what conditions should a loan agreement not be signed ?
Student borrower
Thought, then you take a loan from the bank. You thought that from month to month you need to repay interest on a consumer loan, and provided that you are a student and live off only a scholarship, it is difficult to believe in a happy resolution of such a situation. It is a completely different matter if you have a regular job that pays well. In this case, you may well set aside part of your income in order to pay off interest on liabilities. Such a measure is effective and will save you from additional costs.
Overdue loan
It is worth noting that, providing loans for students, banks detail in the documents all the financial details of the transaction, including the payment of the penalty to the creditor (the so-called "penalty"). So, subject to non-payment of interest on the loan, the amount of payments on the loan will grow day by day and may exceed the original at times. Therefore, without paying interest once, the next time you will not be so reckless, knowing that penalties may follow each time.
Goods taken on credit - unnecessary goods
As a result, it turns out that when you take a loan from a bank, you can pay twice or even three times as much for a product. Banks provide loans for students, counting on their impatience and ardor. Otherwise, you could do without borrowed funds, and purchase the necessary thing for the money you personally earned. Not to mention the fact that setting aside a couple of months of part of the funds from the salary for the purchase planned in the future, you would definitely decide if you really need this thing or you can manage without it. Over time, the person who got into debt catches himself with the idea that, by and large, he does not need this product, but the contract with the bank has already been signed.
Credit is a headache for a student
Before agreeing to offers such as loans for students, a student should first of all think about whether he can prepare well for the session when his head is full of how and when to repay the loan to the bank. The psychological factor dominates him. Each day, the student solves many problems, and a debt obligation will be a moral burden.
Yes, no doubt, wondering: “Do banks give students credit?” - you can answer: of course, they give all students loans at high interest rates.
But is it worth it to take - everyone decides for himself.
The decision must be made carefully, not in a few minutes!