Student Loan
A student loan is a type of financing designed to help cover education-related expenses, such as tuition fees, accommodation, study materials, and other costs associated with education.
What is it used for?
This type of financing is used by students or their families to cover education costs when available funds are not sufficient to meet all expenses upfront.
What should you compare?
When comparing student loans, pay attention to:
Maximum financing amount.
Interest rate.
Repayment term.
Application requirements.
Fees and charges.
Options for grace periods or payment deferrals, if offered.
What matters most to you?
Financing for tuition fees, focus on the available financing amount.
A more affordable monthly payment, focus on the repayment period and monthly payment.
Lower total cost, focus on the interest rate, fees, and other applicable charges.
Studying abroad, focus on the application requirements and permitted use of the funds.
What should you know?
Student loan terms may vary from one bank to another. In addition to the interest rate, it is important to consider the repayment period, additional costs, and the total amount you will repay over the entire financing period.
The database is updated as of June 8, 2026. Final terms are determined by the bank.
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FAQ
Frequently asked questions
Who can apply for a student loan?
Eligibility criteria vary by bank and may depend on factors such as age, student status, income, or the presence of a co-borrower or guarantor.
What expenses can a student loan cover?
This depends on the specific product, but student loans can typically be used to cover tuition fees, accommodation, study materials, and other education-related expenses.
Can studies abroad be financed?
Some student loan products may allow financing for studies abroad. The terms and conditions vary by bank.