Requesting funding for your child’s studies is a project you’ve wanted to carry out for a few months, but you don’t know who to turn to. To finance university studies or allow your children to attend prestigious schools, you have a simple and reliable solution available, with an entirely online procedure, i.e., applying for a study loan online!
What is a student loan: the loan categories to choose from?
The loan aimed at financing your children’s university studies is a product in line with the needs of customers who wish to seek financial assistance. In evaluating the type of loan to request, you can refer to two main categories of loans:
- Personal loan: it is a category of financing with a fast outcome, even within the hour. To request it, you will not need to explain how you will use your money, and you can get an amount within a certain range;
- Salary-backed loans: These loans are designed for workers from various sectors, including public and private companies, law enforcement, and retirees. These loans offer favorable interest rates, and the monthly installments are conveniently deducted from the borrower’s salary. The deducted amount cannot surpass one-fifth of the monthly income due to the contract terms.
If you are a pensioner and would like to finance your grandchildren’s studies, know that there is a loan dedicated to you, too, with a flexible repayment period with an extended age limit.
How to fill out the online form to apply for a loan
Now that you have had the opportunity to read up on the two main types of instant loans online to finance the studies of your children or grandchildren, you can get comfortable and start the application procedure in an entirely digital way. You will not have to go to offices full of people, queue up and wait for your turn because online you can make the request directly online. Instead, you can conveniently make the loan request online without any hassle. The process is incredibly straightforward, as all you need is a computer, tablet, or smartphone with an internet connection.
- The first step for submitting the loan application is to access the website of the online lender and fill out the form. What amount do you need?
- The second step consists in entering the type of activity carried out, chosen from among those proposed by the system and which include state/ministerial employees, police officers, private company staff, railway workers, and self-employed individuals.
- The third step provides for the specification of the type of contract held by the loan holder (permanent or permanent), the starting date of the employment relationship, and the number of monthly salaries received, in a number from 12 to 15.
- Finally, the net monthly income is the mandatory value to be entered and considers a minimum salary that may vary from lender to lender.
If you are a retiree, you do not need to fill in the date of employment field. You are almost at the end of the procedure because by clicking on check feasibility, you are about to forward the request for a quote to the agents of online lenders. The last requested data essential for sending the request correctly and which allows credit professionals to contact you for the outcome, refer to name, surname, telephone number where you wish to be traced, and e-mail address.
When you apply for a personal loan, you’ll get a response within an hour of submitting your application. On the other hand, if you’re considering the fifth assignment, it might take a few working days. In either situation, rest assured that experienced and well-informed professionals will handle your case promptly, with expertise in credit and customer relations matters.
Would you have ever thought that receiving funding for your child’s studies would be so simple? With trustworthy online platforms like Recashloan, it becomes easy and simple to request and obtain instant loans online to carry out your life projects. If you want to ensure your offspring are only the best, and you need liquidity for your studies, Recashloan is the right one for you.
