Conditions for an educational loan in a savings bank. State-supported student loan: possible alternatives. How are loan payments made?

With the end of the school year in the senior class, parents are faced with the question of continuing their education and enrolling yesterday's student in a higher educational institution. Not everyone gets to budget places. Education on a commercial basis is expensive - and its cost is growing every year. In such a situation, an education loan is indispensable. Not every family has enough financial resources to pay for a student's studies without catastrophic damage to the family budget, relying only on the salary of his parents.

They solve this problem in different ways: someone simply refuses to receive higher education and chooses more affordable education in secondary special educational institutions, someone is forced to sell a car or even real estate, but the most common option is to apply for a loan to pay for education.

How to get an education loan

Currently, financial institutions in Russia offer two instruments that can be used to pay for tuition at a higher education institution:

• educational loan(special target program);
• consumer cash loan, which can be used for the first and second higher education, additional or study abroad. That is, complete freedom in the use of credit funds.

Each of them has its own characteristics, which you should be aware of before making the final choice.

The positive features that characterize a targeted loan for the education of a child include the following:

• a grace period for repayment. As a rule, this is the actual period of study at the university, but some banks reduce its duration up to 12 months. At this time, the borrower is required to regularly contribute a relatively small amount;
• student loans can be issued to Russian citizens aged 14 years and older. If the borrower is a minor, the bank is likely to require a co-borrower.

At the same time, when applying for such a loan, a number of nuances arise that negatively affect the popularity of this financial instrument:

1. Some banks require a down payment. It can vary from 10 to 30% of the full cost of the entire period of study on credit. This is a substantial amount, which not every family has. In addition, collateral may be required - for example, real estate
2. The grace period may be shorter than the period of study. That is, in the process of studying, the student will lose the opportunity to pay the minimum amount. It should be borne in mind that only interest is repaid at this time - the amount of the principal debt remains unchanged.
3. As a rule, each financial institution has a list of educational institutions for whose students the bank offers to apply for a loan. That is, you will either have to choose a university from the bank's partners or look for a financial organization that cooperates with the chosen university (it is not always possible to find one).
4. It is necessary to take into account the fact that a student can be expelled, or he realizes the fallacy of choosing a specialty. In this case, he loses not only time, but also a significant amount of money. In most cases, an education loan for students practically forces the student to complete their studies at any cost.
5. Many banks require life and disability insurance not only for the borrower, but also for the co-borrower, which also entails additional costs.

These factors lead to the fact that an increasing number of people make a choice in favor of a consumer loan, and the money received is directed to education. In this case, it is possible to consider the offers of different banks and choose the best loan program.

Currently, a number of financial organizations in Russia offer programs that allow you to take a consumer loan for education (training). As a rule, financial institutions lend to adults, some of them will also require proof of income, in addition, there may be requirements for the length of service at the last place of work.

Below are banks that provide loans for education or other purposes on favorable and interesting terms for borrowers.

Favorable offer for a loan for education from OTP Bank

This financial institution offers a consumer lending program, including for training. You can get a loan for up to 750 thousand rubles at a rate of 14.9%.

The conditions assume registration for a period of 1 to 5 years. There is a possibility of early repayment - both partial and full.

Cash loan for study from Renaissance Credit

This bank offers loans up to 700 thousand rubles, while the repayment period can vary from two to five years. Interest here starts from 13.9% per annum.

You can also apply in person or online. You can find out the decision of the bank and receive funds as soon as possible - on the day of application.

Vostochny - a profitable cash loan for the education of a child at a university

Orient Express Bank issues loans for any purpose, including the education of children for a period of one to five years. In this case, the maximum amount is 1 million rubles, and the annual interest rate will be from 15% per annum. The organization provides for the possibility of early repayment.

Borrowers over 26 years old can submit an online loan application and find out the decision almost instantly within 5 minutes.

Consumer loan without certificates for the education of a child from UBRIR

The government experiment, which began in April 2010 and aimed at supporting educational lending, showed positive results and changed its experimental value to the current one, which was reflected in the government decree of November 18, 2013.

Since 2014, an educational loan has become available to almost every applicant, because the interest rate on it has become preferential. However, in January 2017, the authorities stopped supporting the young Lomonosovs. The state program to support educational lending was optimized, Sberbank, which, after the revocation of the license from Rosinterbank, remained the only credit institution issuing such loans, temporarily refused this type of loan.

Educational loan

Educational loan is a credit program that is aimed at paying for educational services received in organizations that carry out educational activities.

There are state-supported loans and other targeted loan programs to pay for education.

However, the whole essence of an educational loan comes down to state support, which consists in providing the banks participating in the program with the funds that they have lost as a result of issuing loans to applicants on preferential terms (at a low interest rate - 7.5% from Sberbank). Consequently, applicants receive a “cheap” loan from a bank participating in the state program, and the state subsequently pays off this bank.

The state pays partner banks not only interest costs, but also compensates funds for unpaid educational loans. In Russia, the largest domestic banks, Sberbank and Rosinterbank, participated in such a program.

Loan Rules

From 2014 to 2017, it was possible to get an educational loan not only for the first higher education, but also for the second one. At the same time, an educational loan was provided not only for studying in higher educational institutions, but also in other institutions engaged in educational activities.

In addition, the loan was available for needs that accompany the educational process, for example, for expenses related to paying for accommodation or meals. To pay for educational services, every semester the bank transferred funds to the account of the borrower (student), after which they were credited to the account of the educational institution. To pay for the accompanying loan (accommodation or meals), the funds were transferred to the borrower's account under independent control.

In addition, the government decree on state support for the issuance of educational loans also regulated the issue of granting a loan. Thus, banks were not entitled to require the borrower to provide collateral in the form of movable or immovable property (loan security).

At the same time, the borrower was obliged to repay the full cost of the loan within 10 years after graduation. The term of study should not exceed 5 years. If the borrower took academic leave, then he should have been granted a deferral of loan repayment for the duration of the vacation.

Upon completion of studies, the borrower was given a two-year grace period, when interest was charged at a reduced interest rate. Starting from the third year, the accrual of interest was resumed in full, taking into account the interest that was provided during the grace period, and payments were made in equal installments ().

When providing an educational loan, banks were not entitled to charge additional payments that could lead to an increase in the interest rate, for example, a commission for maintaining an account. The bank should not have interfered with the borrower if the latter expresses a desire to repay the loan debt ahead of schedule.

How to get an education loan in 2017

Previously, it was possible to get an educational loan with state support in the following way. The following documents had to be submitted to the bank:

• Russian passport;
• if there is a certificate of temporary registration of the borrower, who actually does not live at the place of permanent residence (registration);
• an agreement on the provision of paid educational services concluded with an organization carrying out educational activities;
• a payment document of an organization carrying out educational activities in order to pay for the received educational services;
• application form.

In this case, the recipient of the loan could be a student/applicant of a university who is a citizen of Russia aged 14 to 18, or an adult citizen of the country studying in a program of higher professional education.

What now?

Since January 2017, you can get a loan for education only without state support. Such loans are currently offered by two banks: Post Bank and Zapsibkombank.

Post Bank provides from 50 thousand to 2 million rubles for up to 12.5 years at a rate of 14.9% per annum (including insurance) to 27.9% per annum. At the same time, the borrower pays only interest on the loan for the entire period of study (the amount of the monthly payment is gradually increasing). On the fourth month after graduation, the borrower pays the remaining interest and the "body" of the loan.

In order to obtain such a loan, it is necessary to provide a credit institution with confirmation of the solvency of the borrower and co-borrower - a certificate of income in the form of 2-NDFL for the last three months.

In turn, Zapsibkombank provides up to 80% of the cost of training, based on the income of the borrower and co-borrower for up to five years at a rate of up to 18.4% per annum. The debt is repaid in equal monthly payments (interest plus the "body" of the debt). The loan is provided in equal annual tranches.

A loan can be issued under the guarantee of an individual, a pledge of property (including transport) or a bank deposit. The type of guarantee affects the interest rate. In addition, the borrower and co-borrower must also confirm their solvency (certificate 2-NDFL) and employment (copy of the work book).

Important! Sberbank continues to provide "preferential" educational loans under agreements concluded before December 31, 2016. At the same time, as noted in the press service of the organization, the timing of the resumption of acceptance of new applications directly depends on the promptness of the ministry's introduction of amendments to legislative acts. According to preliminary data, Sberbank plans to resume lending by the start of the new academic year.

Due to the suspension of the state support programit is obvious that due to the high interest rates of banks, a loan for education has actually become three times more expensive for yesterday's schoolchildren. At the same time, it has become much more difficult to obtain such a loan due to the increased requirements of credit organizations.

To build a foundation for your future career, it is important to get a good education. If the applicant does not have the opportunity to get it for free, he can use the government program and turn to the issue of lending. In Sberbank, an educational loan with state support is carried out under certain conditions and has a number of features.

Important: at the moment, the bank no longer offers special education loans.

An applicant who wants to get an education in an institution of secondary professional or higher level can use the program. What is important, there is no restriction on the type of training, i.e. the correspondence student can also count on the issuance of a loan.

A student can apply for a loan on special conditions

At Sberbank, a state-subsidized student loan implies that part of the interest rate is covered by the state. In view of this, the borrower pays the minimum possible interest rate - 7.75%.

The amount of the loan is set by the borrower himself, but it cannot exceed the institution's invoice for payment. The maximum amount is 100% of the declared value.

The maturity limit is very loyal - it is equal to 10 years, added to the total period of study. In view of which, the client will be able to pay off the debt on his own, getting a job after receiving a diploma.

Student loan payments

A distinctive feature of the loan is the presence of a grace period for payment. It is expressed as follows:

1. The borrower can take advantage of the deferred payment of the main part of the loan for the entire period of study.
2. For the 1st year, you can pay only 60% of the amount accrued on interest on the loan.
3. For the 2nd year - 40% of the accrued interest.

Education loan is the most popular among young people

Loan disbursement procedure

Sberbank educational loan in 2016 issued to a wide range of borrowers. The main requirements for them are:

• Russian citizen.
• Age over 14 years.
• Student of an educational institution.

If the applicant is under 18 years of age, the presence of parents or a guardian who represents the interests of the applicant is considered mandatory. Before applying for a loan, you must conclude a contract with the university. It should reflect that the company provides training services on a paid basis and indicate the specific amount.

You can first enter your parameters in the online calculator to get information about the detailed number of payments by month. But, since the program does not take into account the income of the borrower or other co-borrowers, the calculation will be identical for any person. Differences will arise only when requesting a different loan size.

Conditions for obtaining a loan for persons under 18 years of age

Documents for registration

The loan is issued upon provision of a certain list of documents:

• Passport.
• Written consent from parents or guardians (if necessary) and their passports.
• Certificate of registration (including temporary).
• Payment order (receipt) from an educational organization for payment for services.

These papers must be brought to the office, which can be chosen at a more convenient location: near the actual place of residence (registration) or near the educational institution. Here an application is filled out, in which all the data are noted and the name and address of the university, the period of study and the loan amount required for it are indicated. The bank employees analyze the received information and issue a response on the application up to 4 days.

After reviewing the reviews, you can pay attention to the often encountered delay in review. Therefore, the applicant is advised to check with the staff by phone the status of his application after a specified period.

Conditions for obtaining an educational loan at Sberbank

Payout features

Having received a positive answer, you need to understand that the loan is issued according to one of the principles, according to the specified clauses in the agreement:

• One-time transfer of the entire amount to the client account. An instant transfer to the account of the educational institution is considered mandatory. Therefore, the procedure takes place in the presence of the borrower directly at the branch and begins with the opening of an account by him.
• In parts according to the dates and sizes specified in the certificate from the university (for transferring payment for semesters).

You can make payments on your debt under the following conditions:

1. For the duration of study: take advantage of the deferment and benefits according to the privileges of the program.
2. Upon receipt of the diploma: payment in equal installments, taking into account the interest rate.
3. At any time: pay off the balance in full. You must first submit an application in which you indicate the exact date and amount of the debt.

You can first find out the list of universities and other institutions that participate in the project of the Ministry of Education.

Sberbank froze the issuance of loans for education with state support. From January 1, it is impossible to submit an application and conclude a new contract. Maybe everything will be returned by the season of receipts, but maybe not. So far, no guarantees.

For those who already have loans, don't worry: if the agreement is signed before December 31, 2016, the money for education will be transferred in the usual way.

As it was before?

Previously, Russia had a program of educational loans with state support. Students over the age of 18 were given loans to pay for tuition at colleges and universities, which they entered into an agreement with the Ministry of Education and Sberbank. This list includes 179 educational institutions, including GITIS, MGIMO and MSTU. Bauman.

Ekaterina Miroshkina

economist

The maximum cost of such a loan was 7.63%, which is 2, 3 or 4 times lower than the usual rates for consumer loans. This is even lower than the mortgage rate, although the bank has an apartment as a mortgage.

Under the state support program, it was possible to take up to 100% of the cost of education from the bank, and pay the entire period of study and another 10 years. Security and insurance were not required. There were no commissions either. During his studies, the student could not repay the main debt, but only transfer interest to the bank.

What if you apply to another bank?

Educational loans with state support in 2016 were issued by two banks: Rosinterbank and Sberbank. Other credit institutions did not participate in the program. But in September 2016, Rosinterbank lost its license.

In another bank, you can take a consumer loan and pay for their education. The rate on such a loan will be the same as for a regular consumer loan. The bank may require a guarantee and insurance.

Do not confuse a state-supported educational loan with a targeted educational loan. For example, in "Post-bank" you can take a loan for education at a rate of 14.9%. This is more profitable than a cash loan, but still two times less profitable than with state support.

The state does not participate in targeted loans and does not provide any benefits.

Why did it come?

Sberbank does not have the right to issue educational loans for technical reasons. Since January 1, a government decree has been in force, which changes the calculation of the rate on soft loans. New formulas and coefficients have appeared. Now we need to make changes to various laws and regulations. So far, there are no new documents, and the old ones are no longer valid.

The state does not completely abandon this program. The amount of funding is promised not to be reduced. But you still can't get a loan. The problem is promised to be solved by the season of receipts, but there is no exact date.

But that's against the law!

First of all, preferential categories of applicants are credited to free places. First, all orphans, children of dead heroes and winners of the Olympiads will be accepted for the budget. And if there are places left, those who passed the exams well on a general basis will enter.

What should I do now?

If you planned to study on your own or teach a child for a fee, do not count on state subsidies. You need to choose exams and an educational institution now. It is not known whether the issue with the educational loan will be resolved before spring. And if he decides, it is not clear what the conditions and rates will be.

If you do not belong to the privileged category of applicants, invest in preparation. You can take a consumer loan to pay for tutors in order to score more points on the exam and enter for free.

Find out what the selected university awards additional points for. This can be a TRP badge, an honors certificate, or volunteer work.

If you don’t want to take a loan, but you don’t have your own money, look for faculties with a small competition. There are specialties in which there are fewer applicants for admission than budget places.

If it is unrealistic to enter a university on a budget, but you want to study, choose a technical school or college.

How about others?

Students from all over the world study on credit. EU citizens can get an educational loan to study in England. The state helps to pay for the education of students in the US, Japan, Sweden and China. Interest rates abroad for such loans are two times lower than in Russia.

The bank stopped a profitable loan for education. Loan programs with state support are provided under those agreements that were drawn up earlier. There is a version that this banking product will soon be renewed. There were forecasts that these offers will be restored with the beginning of the next academic year, but so far the bank has not processed applications.

Sberbank is still one financial company that issues such a banking product to customers. There are no options to get a similar loan from another bank. You should find out the conditions for issuing this program and wait for its resumption.

Issuance conditions

A loan is given to students only if they meet all the conditions of the bank. They are also required to provide the required package of documents.

Sberbank allows students to receive funds for education on the following conditions:

1. This loan is issued in rubles, but it will not be possible to take it in dollars and euros.
2. The loan amount is equal to the total tuition fee. Money is transferred by bank transfer to the current account of the educational institution that the student chooses. You can pay for the educational process in a total amount. Finances are transferred in parts within the terms established by the educational institution. You can also pay for only one semester.
3. The funds are provided for up to 10 years.
4. The fulfillment of the borrower's obligations is selected taking into account the training time. During the period of study and three months after the issuance of papers on education, the student is released by the state from paying the total debt on the loan. He only needs to pay interest. For the first 2 years, the state helps clients, because finances are provided with state support. The student during the first year is obliged to pay 60% of the amount of interest accrued to him, and in the 2nd year only 40%. Starting from year 3, borrowers are required to pay interest in full.
5. This loan does not require the provision of guarantors. It can be issued by students from the age of 14, if the parents give their consent to this.

The main condition for obtaining a loan is the provision of a training agreement from the selected university. At the time of the appeal, clients are already required to be students of educational institutions. Therefore, they have a minimum of time to pay for their education.

What is needed for registration

The list of papers for obtaining a loan is not large. But you need to wait a few days for a decision from the bank.

To apply for an educational loan, customers are required to provide Sberbank with the following important documents:

• birth certificate:
• passport;
• certificate of registration (money is issued in a branch that operates in the region of the university);
• completed questionnaire with personal data;
• bank details of the university;
• parents' passport if the borrower is under 18 years of age.

Consideration of the application is carried out by bank employees for several days from the date of submission of all necessary documents. Clients can repay the debt in the form of interest during the training. The main part of the debt must be paid after the borrowers receive documents on education. Although this banking product is attractive, frequent delays lead to the fact that borrowers have to overpay a lot.

Video about student loans

It is not possible to get an educational loan from a bank this year. But it may resume soon. A distinctive feature of it is that citizens can not receive it in all universities, but only in those that participate in the funding program.