Educational loan Sberbank: terms and conditions of issue

Let's be frank. Not everyone knows about the existence of the very possibility of obtaining a loan for education. This is due to both the lack of financial literacy of the population, and the small advertising promotion of this type of loans by banks themselves.

What is special about educational credit?

Only one in ten people applying to the bank for funds for training (as a rule, this higher education), is using a loan for training. Any bank is interested in offering its client the most popular "express loan", with the highest possible interest rate. And not every financial institution has the very opportunity to receive such a loan.

It is very important to understand the difference between a loan for education and an ordinary, all-familiar loan in cash. All types of bank loans are divided into 2 types:

• The client receives cash on hand;
• Non-cash transfers, also referred to as target ones.

For the latter, the interest rate is always lower. And educational - this is the target loan.

Educational loan in Sberbank

Educational loan Sberbank has been issuing for sixteen years, opening the program in 2000. At the start, it was not popular, but later the number of loans issued for education increased many times. Popularity is due to a number of advantages typical for the largest bank in Russia:

• All leading educational institutions of the country participate in the lending program;
• The amount covers 100% of the cost of training;
• 75% of the refinancing rate is paid by the state for the client;
• Absence of requirements for pledge or compulsory insurance;
• Sberbank does not charge commissions;
• The repayment term is more than ten years, and during the training only interest will be paid;
• The loan is issued to students not only daytime, but also correspondence, and also the evening form.

The last point is especially interesting, because it is because of him that the loan for education has become so popular. The main mass of people taking educational loans are not full-time students, but people who choose a correspondence or evening course of study. The average borrower lives in the Volga region or the Urals region (the greatest number of loans is taken there).

List of educational institutions

The number of educational institutions is constantly increasing, for which it is possible to formalize an educational loan to Sberbank. The list of universities totals 128 titles. Among them:

• Moscow State University named after M.V. Lomonosov Moscow State University.
• Peoples' Friendship University of Russia.
• MGIMO Foreign Ministry of Russia.
• MSTU after NE Bauman.
• State University of Management (GUM).

Also signed with the bank contracts are the largest St. Petersburg universities and other universities throughout the country, including the Far Eastern region. Regardless of which of the educational institutions will be selected, the client can expect an incredibly low interest rate. All this is thanks to the help of the state.

Government grants

Budget seats are not enough for everyone. The exit for those who did not pass by points, becomes a commercial form of education. To increase the accessibility of this model of education, a state support program was established for those who took an educational loan. Sberbank was called to implement it. An educational loan with state subsidies is much more profitable than a similar loan issued on market terms.

Support is that the government repays some of the interest charged on overpaying for the borrower. For the educational loan of Sberbank, the amount of state subsidies is three quarters of the current refinancing rate set by the Central Bank.

Example: with a loan rate of 15% and a refinancing rate of the Central Bank equal to 10%, the client receives a discount from the state at a rate of 7.5%. Thus, instead of 15 percent, he will pay only half, that is, 7.5%. The rest of the amount to Sberbank is compensated by the Russian government.

Conditions for obtaining

Russians have Sberbank closely associated with the authorities. It is believed that it is completely state. This has its pros and cons. The undoubted advantage is that the bank is always at the forefront of innovative transformations. Has access to cheap, affordable public money. And thanks to the huge reach and the same profit, it can guarantee the conditions that competitors can not offer.

The educational loan in Sberbank is not an exception, the conditions of which are really the most profitable, in comparison with other proposals. To receive this loan, you must meet the following criteria:

• Be a student of an educational institution cooperating with Sberbank;
• Age from 14 years (until reaching 18 years of age, the client will need a co-borrower);

Citizens under the age of majority will be required to provide written consent of the borrower's representatives, birth certificate, permission from social authorities.

Cash is provided on the following terms:

• Currency - Russian ruble;
• The interest rate at the moment is 7.62% per annum (taking into account state support);
• The loan amount is equal to the full cost of training (100%);
• Maturity - up to ten years after completion of training.

All these conditions apply to an educational loan, issued with state support.

Procedure for obtaining

A loan can be obtained from a bank branch located in the region where the borrower or educational institution is registered. Once an educational loan has been issued, Sberbank sends money by a non-cash transfer in favor of the university, with which the borrower has a contract. Payments are made in installments, for each semester.

Nuances of repayment

The borrower does not make payments for the loan during the first three months after the completion of training, thereby gaining time to work. After this period, payments must be made in full. As mentioned before, during the training itself, you only have to repay the interest for using the loan. And in the first year it is only 60% of the accrued interest, in the second - 40%, and then in full.

Early and early repayment is possible . For this purpose, a statement stating the date and amount of the contribution, the minimum boundaries of which are not defined, is written. Additional commission for this is not charged. In other words, when drawing up an educational loan with state support, Sberbank tries to maximally ease the burden of the borrower.

Customer opinions: should I take or not take?

What is the overall client and expert reaction to the educational loan in Sberbank? Comments and opinions of analysts of leading business publications indicate that the service is popular and it turned out to be quite successful.

The loan portfolio of the bank is constantly increasing. The percentage of overdue loans in this category is close to the error. There are, of course, a number of complaints, but they are all of a technical nature or come from the failed customers.

Of the advantages note the fact that, when making an educational loan, Sberbank does not require any kind of collateral. For an applicant who found himself in a standard situation, when the USE score was not enough, and the desire to receive a diploma did not evaporate, such a loan is a real salvation. And for poor families such a solution is often the only one.

Important here and the speed of consideration (up to four days), as well as the already mentioned a low interest rate. The main disadvantage of borrowers is the psychological moment of expectation of "reckoning." After all, with every year of training the prospect of the need for calculation is approaching. If the decision to take a loan is still accepted, then one thing is certain: the first is to consider Sberbank of Russia. Educational loans are still the most profitable.