Non-targeted lending has significant advantages:
there are no restrictions on the choice of educational institutions;
you get cash and can spend it not only on your studies;
you have the opportunity to change your mind, stop studying, redirect funds to other purposes or return them to the bank;
the rate at Sinara Bank can be 0%, which is much more advantageous than the state program. You pay only for using the service package "Manage easily", which provides many advantages in addition to reducing the rate.
Disadvantages of non-earmarked loans
Among the disadvantages we can highlight:
no grace period during which only accrued interest is paid;
impossibility for a minor to take out a loan: lending belgium mobile database requires work experience and permanent employment;
the impossibility of extending payments over a period of up to 15 years.
What to choose
The answer depends on individual circumstances. For a student who dreams of studying at a favorite university, but whose parents do not have the money to pay for tuition, the state program is a great fit. For many, this is the only way to fulfill their dream.
For adults who are changing their profession or getting additional qualifications, a student program with state support may not be beneficial. The same applies to students who decide to go to college just for the sake of it, for the sake of a diploma. In adolescence and young adulthood, desires often change, and you can choose another profession in a year. And in case of expulsion, you will still have to repay the debt.
The information in the article is current at the time of publication. Financial conditions may change. Please check the current data on the page of the product you are interested in. The Bank is not responsible for the use of outdated information.