Recently, Russian banks have begun to take their potential borrowers more seriously, which undoubtedly affects the number of refusals in lending, limiting the amount of loans and additional requirements aimed at protecting the bank's funds. In this regard, student loan is classified by many banks as financial risks.
The tendency to tighten lending is associated with the downturn in the country's economy and the deplorable experience of the banking system in the United States and other countries, when active lending to the population led to its crisis. Banks around the world have become more attentive to the credit history of borrowers, as there is a decrease in timely debt repayment.
And students tend to have temporary jobs, low incomes, and no credit history. Therefore, banks issue loans to young people at high interest rates for a short period in order to reduce financial losses. However, do not despair, you should explore as many options as possible and find the most profitable loan for yourself.
You should know that in Russia loans to students are issued from the age of 18 with Russian citizenship. The funds issued by the bank for training are transferred to a special bank account. From this account, the bank independently transfers funds to the educational institution.
In addition, when signing the contract, it is necessary to clarify the existence of other fees and commissions, such as compulsory insurance. And, nevertheless, today it is realistic for a student to find a suitable loan program, since many banks agree to early repayment of a loan without charging commissions or fines.
