Our market of educational credits is not generated, and frequently banks give out consumer credit for educational. Basic condition of present loan on formation - long-term period of repayment, and during training student should not pay anything - neither basic duty, nor percent on it. At all of us, unfortunately, not so - banks or do not provide such period absolutely, or it is insignificant. And terms of crediting for 20-30 years at us it is not stipulated. Besides some banks are ready "to show a bit of generosity" only on training of student in concrete high school.

Nevertheless at us about ten banks give out similarity of educational credits. However, conditions very rigid - it is necessary to compensate risks somehow. First, banks are insured high in comparison with other kinds of crediting by interest rates (15-20 % annual). Secondly, it is necessary to pass most complicated procedure of registration. Including it is necessary to prove solvency of parents which represent itself as guarantors. To count on reception of credit, income of guarantors should be essential enough that monthly payments made from it not less than 30 %. That is at least parents should receive $700-1000 in a month. Thus give up to you can at slightest pretext. So, as basis absence of one of parents of borrower can serve.

Majority of banks by granting credit do not force borrowers to make out mortgage. It is required, if the greater sum - 700 thousand roubles, for example is necessary very much. And it is cost of training in very prestigious high school. Feature of educational credit - money to client on hands do not stand out, to it open the demand line of credit for period of training. That is credit stands out parts (certain sum for each semester) and non-cash by is transferred into account high school. So do practically all banks.

One more moment to which it is necessary to pay attention. Educational credit, as well as others, does not exclude additional bank gathering increasing sum of basic duty. So, to student can suggest to pay cost of conducting loan account, translation of money resources in high school or commission for delivery of credit which is paid lumpsum. Similar charges considerably increase a duty. For an example: percent for conducting loan account makes from 0.8 % up to 2 % monthly. Some banks give out credit only then if the student is insured. And depending on age of borrower, size and terms of credit insurance can cost from several hundreds up to several thousand dollars.

Perhaps, by virtue of such severe constraints our students not so aspire to take credit for formation. As at such kind of loan borrower risks not only bank, but also. So, in case of deduction bank will interrupt demand line of credit. And student in five-day term will be obliged to return actually taken sum plus percent added on it.

  Source: Info Cash Loan (21.12.2006)