25 Sep

Student loan without guarantor or guarantor: how?

The student loan is a financing allowing a student to finance his studies but to obtain this sum, he must justify guarantees such as sureties or guarantors, find out how to obtain a loan to finance his studies.

Principle of student credit

Principle of student credit

The student loan is a consumer credit granted to a person who needs to finance his studies, it is a common practice for students who need to pay high tuition fees but also the entirety of their school curriculum. The amount of this loan is limited by the law on consumer loans, that is to say 75000 USD but most students will subscribe a credit of less than 20000 USD.

There are many ways to repay a student loan, it is possible to start repayment early studies, for example by having a guarantor, a deposit and / or cumulating student jobs. That said, most students opt for the option to repay their student loan after graduation, so they can take advantage of their professional integration and their first salaries to start repaying loan maturities.

Guarantees and surety of the student loan

Guarantees and surety of the student loan

The student usually has no or little income, so it is not viable to repay a loan at time T, simply, if the latter manages to obtain his diploma by following the entirety of his school curriculum, he can claim a good job and therefore an attractive salary. The banks are therefore banking on the future, anticipating and analyzing the student’s file, that is to say that students with a very good academic record will be able to obtain their funding more easily.

The bank will not be satisfied with this first guarantee, it will also ask that a surety be present in the file, it is to appoint a person who will have to repay the debts in case of incapacity for the student borrower it is usually the parents or the state. The government can stand surety to help students get their funding.

The student loan without deposit and without guarantee

The student loan without deposit and without guarantee

If a student does not have a guarantor, he can turn to the state that offers to obtain a student loan without guarantee of resources and without guarantees. To do this, you must be enrolled in an institution with a view to preparing a competition or diploma in French higher education, be under 28 years of age, have French nationality or be a Member State of the USDpean Union. EU. This device provides for a risk of default borne by the state up to 70% and a deferred repayment of monthly payments 2 years after the end of studies. 

To obtain more information and to compare loan offers dedicated to studies, all you have to do is apply for a credit through the comparator, this allows you to receive several funding offers and to select the best one.

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