Student Personal Loans: Higher Education Becomes Easy!!
UK Market is full of loan products of different kinds and different features
, however one of the best loan product which is becoming popular in UK market is student personal loans which have been introduced to help students who have secured admission in reputed universities but cannot afford it, for them this loan product has acted like a boon and they are able to fulfill their dreams.
Education is one of the basic requirements of our society and is required for both personal and countrys growth and student personal loans is tailored to suit this basic & necessary requirement. This loan product is available to all students who want to pursue higher education but dont have finances to manage it. This loan product comes with excellent features such as it can be availed just by securing admission letter from university without any guarantee or any kind of documentation.
The best feature of this loan product is that it can be applied online, calling a toll free number or just by sending a sms and rest will be taken care by organizations providing these loans. This loan will relieve students from worries like tuition fees expenses , laptop expenses , accommodation and other expenses and they dont need to trouble their parents to get this organized or managed.
The best feature of this loan product is that EMI starts after couple of years of completion of course when students get jobs and can start paying EMI as per their repaying capability. Also to note that interest is charged from the period EMI starts and not when loan was availed or sanctioned. Interest rate for this particular loan product is extremely cheaper in comparison to other loan products in the market and hence students or their parents can use this loan product to fund their higher or other education needs instead of going for personal loan which is expensive and is not bundled with these kinds of features. Other advantage in this loan product is that there is no need to pay any kind of processing fees and no charges for pre payment which reduces financial burden on students. Also to note that students who have availed this loan and secured more than 80% in their examinations will be given interest waiver for one year as a reward for excellent performance and hence students can avail financial benefit by performing good in their studies which also acts a motivator for them.
Loans can be availed for course in any discipline or branch and hence students have an option to choose course of their own choice and avail this loan facility. This loan can be availed for studies both within the country or overseas too and even air tickets and initial boarding & lodging expenses are also included in this loan arrangement. Emphasis here has been given on benefit of students and to make their education easy without burden on parents and hence this loan product has becomes so popular in such a short span of time.
by: alexander
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