Loans for students – being a student can help you get a great insight to managing your money and becoming a money savvy adult. It is said that it can be hard for students financially going through university or college and making ends meet.
Find loans for students
Sometimes this may mean rather going to the bank of mum and dad, being mature and dealing with your money matters responsibly. Have a look at Short Term Loans for Students.
There are many loans for students that could be a great option. The banners on this page will take you to the best student loans and options on the market.
Representative 277.5% APR - Representative Example: Amount of credit: £750 for 12 months at £119.21 per month. Total repayment of £1430.52. Interest: £680.52. Interest rate: 140% pa (fixed). 277.5% APR Representative.
The first choice for getting hold of money as a student is a student loan. A student loan is designed for students to help with expenses like university fees, books and living costs.
It is different to other types of loans for students as it typically has lower interest rates and a better repayment schedules than other personal loans. If however you are not making ‘ends meets’ with a student loan there are other options.
Student loans lenders
Loans for students could come in the form of a student specific bank account. Student bank accounts offer favourable overdraft terms. Such accounts can also offer you a student credit card as an option for additional borrowing. Just be aware of what the rates are to borrow.
Another option may be personal loans for students. Personal loans can be a great option if you are considering a purchase like a car.
Make sure however you shop around and you look in to the rates and what the monthly repayments will be. Make sure you are able to afford the repayments for the length of the loan otherwise it will have a huge impact on your future credit score.
A guarantor loan could also be a great option as a loan for students. This type of loan is when a family member or friend agrees to be named on the loan.
If you are unable to keep up to date with the repayments then the named person will then be liable for the debt. Due to this being accepted for such a loan is very likely, especially if the named person has a good credit history.
Loans for students can come in the shape of a payday loan. These loans are good for the short term between student loan payments. These types of loans are not ideal for long term borrowing as they usually have very high interest rates and so should only be used for the short term.
The above options are great loans for students. However make sure you choose wisely and insure you review all the costs involved when taking them out. Be sure you keep up the repayments, as if you fall behind it may be detrimental to your credit score.