If you are a student and you are thinking of starting or continuing your studies with the help of financing from an entity, we present below the best loans for students of 2021.
The question may have arisen as to whether to start university or whether to continue our higher studies with a master’s degree, study abroad, and, with it, how to face the cost of training. Before any of these options, we can resort to a loan to study since they offer more advantageous conditions than a conventional personal loan. We leave you some of the best loans for students.
Best student loans in Spain
When it comes to financing studies, a common problem usually appears in the vast majority of families: how do I pay for my children’s studies? Or, if you are a university student and you are already starting to manage your own finances, you may have a problem when it comes to making payments. Well, a number of banks offer the possibility of financing your studies with the contracting of personal loans for students.
This type of personal loan is characterized by having lower interest rates than personal loans without an established purpose. We leave you some of the best loans to study:
Name APR TIN C. opening Linkages
BBVA studies loan 4.10% 3.95% Not Current account
Abanca master loan 3.91% 3.95% Yes Current account
Caixabank student loan Customizable Yes Yes
Banco Sabadell course credit – E + 2.25% Yes Not
Total Santander career loan 6.82% E + 5.95% Yes Not
Ibercaja Tuition Loan Customizable – Not
BBVA Studies Loan in Spain
The BBVA study loan is one of the most flexible loans we can find for this purpose. It should be noted that it will be necessary for the applicant to open an account in the entity, where the loan will be made, but it is not necessary to direct debit the payroll. Let’s see the other characteristics of this loan:
Nominal interest rate: 3.95% NIR (APR 4.10% APR)
Financing: From € 3,000 to € 75,000
Term: from 12 to 96 months months
No opening commission
Requirements: open an account in the entity and the applicant’s age is less than 30 years old at the time of application. It is not necessary to domicile payroll or pension to get this type of interest.
Abanca Master Loan in Spain
The Abanca master loan is just one of several options that we find in this entity to finance our studies. On the other hand, it should be noted that it is a personal loan with a variable interest rate, which currently benefits those interested due to the historical minimum values of the Euribor. Other of its characteristics are the following:
Nominal interest rate: 3.95% NIR the first year. After Euribor + 3.95% (APR 3.91%)
Financing: up to € 44,000
Term: from 12 to 96 months months
Commissions: 1% opening commission
Requirements: open an account in the entity and the applicant’s age is less than 30 years old at the time of application. It is not necessary to domicile payroll or pension to get this type of interest.
CaixaBank Study Express Loan in Spain
The conditions of the study loan for Caixabank clients are customizable according to the needs of each client. Some of its general characteristics are the following:
Nominal interest rate: Customizable
Financing: Between € 1,000 and € 30,000
Term: it will depend on the amount requested, between 6 and 12 months
Commissions: opening 1% of the requested capital. No amortization, cancellation or study fees.
Requirements: for customers
Credit Course Banco Sabadell in Spain
The Banco Sabadell credit course is a little different from what we have been seeing so far. It is a low amount loan, whose interest rate is very low, especially if we see the current Euribor value. To apply for this loan we must present the last two payrolls, the last personal income tax return, our DNI or residence card and accreditation of the course that we are going to take and for which we request financing.
Interest rate: Euribor + 2.25% NIR
Financing: up to € 5,000
Term: up to 12 months
Commissions: no commission for study, opening or cancellation
Santander total career loan in Spain
Santander has a wide range of loans depending on the purpose of the study . Next, we are going to analyze the characteristics of the loan for the university or graduate degree, but there are specific loans for the university, postgraduate and doctorates, scholarship advances, loans for university tuition or exchange programs.
Nominal interest rate: Euribor + 5.95% NIR (6.82% APR)
Financing: up to € 80,000
Term: 12 to 120 months
Commissions: 3% opening
Requirements: None
More information: minimum grace period of 6 months and up to 6 years. You can get a 1% discount in the interest rate if one of the parents is a Santander client and if all the subjects were passed in the previous year.
Ibercaja University Tuition Loan
Ibercaja offers a specific loan for students, in this case to face the payment of the university’s tuition. As we can see below, Ibercaja does not publish information on interest rates, so we assume that it is customizable based on the profile of each client.
Interest rate: they do not make it public on the website (it will be a fixed interest rate)
Financing: up to € 15,000
Term: up to 12 months
More information: Choose whether to have a monthly or quarterly fee.
And you? Are you looking for funding for your studies? Tell us what you are looking for and we will be happy to help you.
Find out if they will grant you the loan you are looking for
Check the conditions and do your study of the Cetelem loan
Get up to € 60,000 for your project
Online contracting, without linked products or commissions
From 6.95% NIR (7.18% APR)
