Credit for student savings bank


 

With the most modern student account in Austria, we make your life easier. More information. s student loan. The flexible educational loan for major projects on attractive terms. More information. The savings bank and the house bank may not be the first choice for student loans. These are subject to very strict lending regulations, which are implemented in internal guidelines. We will gladly accept your loan application in the following private customer centers.

Services of your savings bank

Services of your savings bank

Good day Mrs. Sue, to break through bottlenecks during the study visit. If at the end of the course only a short period of time is to be bridged, the education loan of the Federal Office can be used for and for a maximum of four study semesters (up to USD 300 per month). For a maximum of 14 semesters (up to 650 per month) grants the bank or a low-interest Federal financial aid bank loan.

In some cases, the Studentenwerke also offers non-interest-bearing benefits. In addition, banks also offer education loans. Before you take out a loan: Calculate first and get a thorough consultation to get the right student loan. The scholarship is awarded to talented or highly motivated students. The scholarship pilot gives an overview of the individual study scholarships and their requirements.

Finance Center students

Finance Center students

Example of a student loan with a nominal interest rate of 3.5% pa: One-time payment of 2,000, 300 monthly payment, 36 study months, 12,800 net loan amount, 3.43% pa ​​effective interest rate, 13,592 total. At the end of the distribution, the redemption phase is agreed individually with the supervisor and repayment is made two years after the last payment.

Independence of land and people

Independence of land and people

You can cover a large part of your existence with the student loan from your savings bank. So that you have a good feeling in the stomach and a clear mind – while studying and on vacation. Further information and the registration form are available. You can submit the completed application form together with a valid study certificate in our offices.Please have your identity papers, account statements and, if applicable, proof of performance ready.

The borrower must have a current account with the corresponding savings bank.

The borrower must have a current account with the corresponding savings bank. Often, the location of the Sparkasse branch must be adapted to the place of residence or study. If you do not opt ​​for a student checking account package, a processing fee may apply (setup fees may apply). The borrower may not be over 30 years old at the beginning of his studies (not over 28 years in Berlin).

It is not possible to inform uniformly, as each Sparkassen branch is responsible for the design of their offer. The monthly maximum rate is between 300 and 800 USD depending on the sector. Sometimes, however, more than USD 30,000 is paid out. The performance of some industries may be much cheaper than other industries.

In many sectors, a largely constant rate (with no increase in the repayment phase) is offered from 5.75% to 8.25%. For some credit institutions, interest rates rise significantly during the repayment phase (usually around 8.25%). However, the repayment periods are the same for most banks.

Independent savings bank offers

Independent savings bank offers

The eradication usually has to be done within two years of completing the course (one year in some industries). The repayment period is between nine and ten years, depending on the savings bank association. Due to the independent savings bank offers, these can hardly be assessed on a flat-rate basis, since the quality of the individual offers can vary greatly from one industry to another.

If the place of study and the place of residence are not identical, it makes sense to check the offers of both banks on the spot. Especially with regard to the interest rate and the amount of the loan, the offers may vary considerably.

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