Student loan
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A simulation
free and without obligation
A well insured loan
With Loan Insurance, you and your loved ones are protected in the event of a hard blow: incapacity for work, disability or death.
Flexibility
You choose the repayment period at your convenience between 12 and 120 months.
Flexibility
You can benefit from a payment break twice a year in the event of temporary difficulty
No hidden costs
You only repay your monthly payments, not a penny more!
A student loan to simplify daily life
Student Credit helps finance the costs of higher education (registration fees, tuition, etc.), the purchase of computer equipment and books as well as accommodation and transport costs (rent, purchase of furniture, purchase of 'a vehicle…). You can take out a student loan up to € 45,000.
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Your tailor-made study loan
Your student loan is repayable over 10 years. If you have little or no income during your studies, you have the possibility to adapt the monthly payments of your student bank loan according to your means. At any time, you can repay your Credit-Internet.com student loan early without charge, in part or in full.
The student loan is a consumer credit that should allow you to finance your studies: tuition, accommodation, computer, food, travel abroad, car ... You do not need to justify your expenses to apply for it.
Objective: anticipate your future expenses
The main reason for taking out a loan during your studies: expensive tuition fees, but also everyday expenses. Ryan, 21, from Tahiti, had to take out a loan to finance his training at EM Normandie, whose Grande École program costs more than € 9,000 a year.
"I also had to buy a return plane ticket and spend money to settle in and equip myself to adapt my wardrobe (sweaters, down jacket ...)", he explains. he.
Not all students can rely on the help of their parents, it was the case with Ryan, but also that of Romain: “They also had to finance the studies of my brothers. I knew that a business school imposed a sustained rhythm, with projects to be carried out, associative commitments… I wanted to concentrate on my studies and could not take a student job ”, says this student from EM Strasbourg, grant holder step 2.
A loan accessible to all students
The conditions of access to the student loan are flexible, even if they are often more advantageous for a student in a large business school, than in a university of letters. “Any type of student can take out a student loan at Crédit Agricole Center Loire, all you need to do is provide a school certificate. However, you must be at least 30 years old for our bank's offer, ”explains Aurélie Cogné, wealth management advisor.
The student loan must also be made in your name, unless you are still a minor, in which case it will be made in your parents' name. Another condition is to have a surety in mainland France who acts as surety for you. Ryan paid the price and had to turn to a bank in his overseas community. Note that it is from the income of your guarantor that your debt ratio is calculated, since it is he who will have to repay your credit in the event of default on your part.
If you cannot find a surety, the state can in some cases act as a surety. This system is restricted to 5 banks: Société Générale, Crédit Mutuel, CIC, Banque Populaire banks and BPCE group savings banks. Another condition: be under the age of 28. This student loan is for a maximum amount of € 15,000 that you will have to start repaying two years after the end of your studies.
How to start to get a student loan?
The first thing to do, when you start your process, is of course to get information in several banks, by making appointments, to better understand the system and compare offers. “I made inquiries by phone from four banks, on the advice of my prep teachers and my family. I also made two appointments to be able to compare the rates, ”describes Ryan, who chose the Tahitian bank Socredo.
“During the exchange with the student, we ask them questions to consider with them their needs: tuition fees, but also rent, deposit, stays and study trips abroad. Together, we establish an offer appropriate to his profile. A loan of € 2,000 will not be made over 10 years, for example, ”specifies Aurélie Cogné of Crédit Agricole Center Loire.
Pay off when you finish your studies
For reimbursement, everything depends on the negotiated conditions. Romain will have to start repaying € 630 per month, 5 years after taking out his loan, which was set at a rate of 1.85%. For Ryan, who has borrowed € 12,000 at a rate of 4.5%, he will have 10 years (from the end of his course) to repay this amount. He completed this funding with the “subsidized study loan” granted to all students from overseas territories, in the amount of € 500 per month, the student will repay it one year after the end of their studies, without having to pay interest.
The reimbursement is made in two stages. A first step of deducting your repayments (deferred phase) which is spread over 2 to 6 years, the time to finish your studies. During this period, either you opt for a partial deductible and only repay the interest, or for a full deductible and you pay nothing. During the second phase (called "amortization"), which begins in principle at the end of your studies, you repay the loan itself.
The amount you need to borrow should match your needs for the duration of your studies, but be realistic so you can repay it once you graduate. Romain, 23, chose to borrow € 35,000 from the Postal Bank. "This is the bank where I have been since I was little, my mother works there, it was easier to get a loan there quickly, because I had my admission results in mid-July and had to start pay my registration fees (€ 7,500 per year) in August, ”he says.
The EM Strasbourg student advises "to think carefully about the amount of money you really need for your studies and not to take the maximum amount automatically, because you then have to reimburse!" With hindsight, I think I could have borrowed 5,000 € less ”.
Can we then change the duration of the loan?
According to the Scrivener law (January 10, 1978), you have the possibility of making an early repayment of your loan, without penalties. A notice of 1 month is often required. All you need to do is write a handwritten letter to the order of your bank asking for the total or partial repayment of your credit.
Some banks also allow an extension of the deferral, often within the limit of 4 to 7 years. Useful if you decide to take a gap year or extend your studies by specializing. Find out about all the conditions before taking out your loan, because once committed you will not be able to go back. So think about this when comparing offers.
How to compare the offers of the banks?
Apart from the loan rate, look at the insurance price, the administration fees or the repayment period. “Often the banks align themselves with certain things, like the deferral period (most of the time the student has to repay a year after graduation); rates often hover around 1%, as this remains low there is no real negotiation possible, ”explains Aurélie Cogné. At Crédit Agricole Center Loire, the student loan is for a maximum amount of 40,000 € over a period of 10 years: "The loan is flexible, we cannot change the amount of monthly payments, but if the student wishes to extend his studies one year, it is also possible to defer reimbursement. "
The bank where you take your loan is also the one where you often decide to put all your accounts. So also compare their offers, find out about the cost of the bank card or the possibilities of a loan to buy a car.
Finally, some banks have partnerships with institutions to offer them lower rates. So also check with your school and alumni who can direct you to more interesting offers.