The subsidized loans for young people include several plans that allow you to access credit even if you do not have a secure job or are enrolled in a course of study.
Advantageous loans for young people: here are the most valid alternatives
Talking about subsidized loans for young people means calling into question the Single Credit Ad Honorem loan. What is it about? A plan designed for deserving university students, who can access credit to cover the main study expenses.
This plan works with the initial opening of a credit line, which has a duration equal to the legal duration of the course of study. Once this period of time has ended, pre-amortization begins, which can have a maximum duration of 2 years, during which the student has the opportunity to find a job and to receive that income that will allow him to repay the amount received through the credit line.
Single Credit loan: other information
Subsidized loans for young people see Single Credit’s Ad Honor product a very useful alternative to request money for an important goal such as study expenses.
After the necessary premises of the previous paragraph, we remind you that, once the pre-amortization is finished, the beneficiary of the loan has the obligation to return the amount linked to the credit line, which has been converted into a personal loan with a duration of between 1 and 15. years.
We also remind you that with the Single Credit Ad Honorem loan it is possible to request a maximum amount of $ 27,700.
Best Bank loans for young people: the Perfect Loan product
Best Bank also makes it possible for users to benefit from subsidized loans for young people, including the Perfect Loan loan. How does it work? First of all, remember that it is a product reserved for users between the ages of 18 and 35, even without a permanent job.
Best Bank Young Loans loan: other information
We continue to talk about subsidized loans for young people by analyzing other characteristics of Best Bank’s Perfect Loan. This product allows you to request an amount between $ 2,000 and $ 30,000, which can be repaid in installments debited to your current account on a monthly basis.
The rate of this loan, which can be preceded by a pre-amortization period, is fixed for the entire duration of the amortization plan, which can have a duration of between 24 and 120 months. Since it is a personal loan, it is not necessary to present to the bank any proof of the expenditure made with the amount received.
We conclude by recalling that the interest accrued during the pre-amortization period is charged on the first installment and that after the regular payment of 12 installments it is possible to request the postponement of an installment for each year.