The bank stopped the profitable loan for education. Loan programs with government support are provided under those agreements that were executed previously. There is a version that this banking product will soon be renewed. There were forecasts that these offers would be restored at the beginning of the next academic year, but so far the bank has not processed applications.

Sberbank is so far the only financial company that issues such a banking product to clients. There are no options to get a similar loan from another bank. You should find out the conditions for issuing this program and wait for its renewal.

Terms of issue

Loans are provided to students only if they meet all the bank's conditions. They are also required to provide the required package of documents.

Sberbank allows students to receive funds for their studies under the following conditions:

1. This loan is issued in rubles, but it will not be possible to take it out in dollars and euros.
2. The loan amount is equal to the total tuition price. The money is transferred by bank transfer to the bank account of the educational institution that the student chooses. You can pay for the educational process in a total amount. Finances are transferred in installments within the time limits established by the educational institution. It is also possible to pay only for a single semester.
3. Funds are provided for a period of up to 10 years.
4. The fulfillment of the borrower's obligations is selected taking into account the time of study. During the period of study and three months after the issuance of education documents, the student is exempted by the state from paying the total loan debt. He will only need to pay interest. For the first 2 years, the state helps clients, because finance is provided with state support. During the first year, the student is required to pay 60% of the amount of interest accrued to him, and in the 2nd year only 40%. Starting from year 3, borrowers are required to pay interest in full.
5. This loan does not require guarantors. Students over the age of 14 can apply for it if their parents give their consent.

The main condition for obtaining a loan is the provision of a training agreement from the selected university. At the time of application, clients are already required to be students of educational institutions. Therefore, they have minimal time to pay their tuition.

What is needed for registration

The list of papers for obtaining a loan is not long. But you need to wait several days for a decision from the bank.

To apply for an educational loan, clients are required to provide the following important documents to Sberbank:

• birth certificate:
• passport;
• registration certificate (money is issued at a branch that operates in the region of the University);
• a completed form with personal data;
• bank details of the university;
• parents' passport if the borrower is under 18 years old.

The application is reviewed by bank employees within several days from the date of submission of all necessary documents. Clients can repay the debt in the form of interest while completing the training. The main part of the debt must be paid after the borrowers receive documents confirming their education. Although this banking product is attractive, frequent deferments lead to borrowers having to overpay a lot.

Video about student loans

It is not possible to get an educational loan from a bank this year. But it may resume soon. Its distinctive feature is that citizens can receive it not in all universities, but only in those that take part in the financing program.

If you intend to get a secondary or higher education, but your or your family’s income is not enough to pay for studies at a prestigious university, you can use loan funds. Sberbank of Russia offers applicants acceptable loan terms. Let's talk about how you can get a student loan.

Features of an educational loan

1. There is a widespread belief that Sberbank issues loans to students only for full-time students. It doesn't really matter.
2. Both applicants and students can take out a loan for education.
3. The loan can be issued in rubles at 12 percent “per annum” and up to 11 years, including years of study.
4. There are financial limits for such lending: the minimum threshold is 15 thousand rubles, the maximum cannot exceed 90% of the total cost of training.

Requirements for the borrower to receive an educational loan

1. Citizenship of the Russian Federation.
2. Age from 14 years.
3. For employees: continuous work experience of at least 6 months.
4. For unemployed people: the presence of solvent co-borrowers/guarantors and collateral.

Documents required to obtain a loan

Sberbank issues study loans to students if they have the following basic package of documents:

• application form;
• passports with registration of the borrower, co-borrowers and guarantors;
• a training agreement concluded with an educational institution;
• certificates of income of everyone who will appear in the loan agreement;
• documents for collateral property.

Features of transferring funds

Funds received from an educational loan are not issued in person. The money goes to the account of the educational institution.

Moreover, only the amount for the semester or year is credited (this point is indicated in the loan agreement). To receive the next tranche (part of the loan), the student must provide from the university:

• a certificate confirming the fact of training; - additional agreement on the training of a specialist;
• notification of the need for the next payment.

1. Anyone who has taken out an educational loan for a period of less than 11 years can take advantage of a deferred repayment of the principal debt (no more than 5 years). In this case, only interest on the loan is paid monthly.
2. Co-borrowers/guarantors can be parents or other close relatives whose solvency allows them to make timely payments on the educational loan.
3. Before applying, you need to find out whether the university where the potential borrower wants to study is on the list of organizations participating in the state educational lending program.
4. Please note that the penalty for late repayment of the loan is 2 times the interest rate under the loan agreement on the amount of the outstanding payment for the period of delay (the repayment day corresponding to the schedule is included in the calculation).

A modern person, regardless of the chosen field of activity, can rarely do without a university diploma. An educational loan is the optimal solution for borrowers or their children planning to study under programs offered by several banks in the country. The product has its own characteristics, advantages and disadvantages and is available to most Russian citizens. However, before starting the transaction, it is worth studying in detail the terms of the loan and debt repayment.

What is an educational loan

This type of lending is provided by individual financial institutions. Citizens receiving secondary or higher vocational education or undergoing special training courses can take out a loan. A student loan for education is provided as part of a targeted program. Some banks issue government-backed loans, which provide significant savings to customers. An educational loan is provided both for the entire period of study and for a certain period of time.

A loan for studying at a university is available in two types of programs:

1. Consumer loan with an interest rate of 12% per annum.
2. A loan with government support, providing a reduced interest rate and special conditions.

To study at a university in the Russian Federation

All citizens over 14 years of age can receive funds for studying in Russia. There are targeted programs for specific banks and preferential loans with government subsidies provided by individual institutions. It is worth noting that the applicant must be enrolled in a university for the issuer to approve the application and provide a complete set of documents. Loans under targeted programs are issued on standard terms with collateral and insurance. A preferential loan with government subsidies does not require proof of income, collateral, etc.

Loan for studying abroad

Over the past few years, education abroad has become increasingly popular and accessible to Russians. A diploma from a foreign university opens up great opportunities for the graduate. However, it is almost impossible to get a budget-funded place in an educational institution in another country, especially for a Russian. Some financial organizations in Russia are ready to provide a loan to pay for tuition at a foreign university, not only in rubles, but also in other currencies.

Today this type of loan is issued in the following banks:

• Intesa;
• Citibank;
• Russian standard;
• Rosinterbank.

Where to get an education loan for students

Russians can get a targeted loan to pay for their education from several financial institutions. The most profitable option is considered to be a student loan from Sberbank, but it is more difficult to obtain than a loan from another bank due to the higher requirements of the institution. Loans within the framework of the targeted program are provided strictly for tuition fees in the amount of the invoice issued by the educational institution. Detailed terms vary by issuer.

With government support

Only students enrolled in certain specialties can receive money on preferential terms. In addition, the educational institution must work with this program. The borrower can be an applicant who has reached the age of majority or a teenager over 14 years old with appropriate permission from parents and guardianship authorities. Loans are not provided to minors taken into guardianship. You can get a preferential loan for education at Sberbank or Rosinterbank, but at the moment the program is temporarily suspended.

Among the advantages of an educational loan with state support, it is worth highlighting the following:

• the opportunity to receive money without confirming income;
• no collateral requirements;
• extension of the debt payment period if necessary.

Bank loan

In addition to the preferential program, Russians can take advantage of special products from domestic banks. This lending option is available to different categories of citizens. The conditions depend on the specific financial institution:

1. Bank "Soyuz" - provides loans in rubles or US dollars in the amount of up to 100% of the cost of training.
2. Rosselkhozbank - offers educational loans up to 350 thousand rubles with the opportunity to extend the repayment period of the debt to 5 years.
3. Societe Generale Vostok - issues loans in rubles, dollars or euros in the amount of 45-750 thousand rubles.
4. Uralsib Bank - issues loans up to 1 million rubles under the guarantee of 1-2 individuals.
5. National Prombank – issues educational loans under the guarantee of the child’s legal representatives or collateral in an amount of up to 90% of the cost of education.
6. Baltic Bank is ready to provide Russians over 18 years of age with 20-200 thousand rubles to pay for education.
7. VTB 24 - provides educational loans with a maximum amount of 250 thousand to 3 million 600 thousand rubles. The loan is provided with a guarantee or without collateral.
8. Post Bank - provides an educational loan with a long repayment period in an amount of no more than 2 million rubles.

Check your loan options in the table:

Financial institution	Interest rate	Debt maturity
Rosselkhozbank	14% per annum
	17-19% per annum
Baltic Bank
Societe Generale Vostok
	10% per annum
National Prombank	18-20% per annum
Pochtabank		Up to 12.5 years

Terms of service

The parameters of the loan agreement depend on the selected bank. The maximum loan amount is in all cases limited to the cost of tuition and is calculated after providing an invoice from the university. It is worth noting that many banks are ready to provide no more than 90% of the course fee. The loan term is set individually; as a rule, it provides for a deferred payment of the principal debt.

Requirements for the borrower

To apply for an educational loan, the applicant must meet the issuer's requirements. The criteria may vary, but the main parameters of a potential borrower are as follows:

• applicant or student of a Russian university;
• minimum age – 14-18 years, but not older than 55-60;
• registration in the region of circulation;
• citizenship of the Russian Federation.

What documents are needed for registration?

An important condition for applicants planning to take out an educational loan is the availability of a complete package of papers. Failure to provide the required certificate may result in the bank deciding not to provide a loan to the applicant. To obtain an educational loan you need:

1. An agreement on the provision of services between a potential borrower and an educational institution and confirmation that the applicant has been accepted.
2. Passport, SNILS, INN of the applicant.
3. Documents confirming the permanent or temporary registration of the potential borrower.
4. Men liable for military service must submit papers from the military registration and enlistment office.
5. Completed application form according to the bank form.
6. A document from the accounting department of the applicant’s university with an invoice for payment of educational services.

In addition, applicants who have not reached the age of majority must provide additional documents:

• birth certificate;
• passports of guarantors (parents, legal representatives);
• written parental consent;
• permission from the guardianship authorities.

Features of an educational loan

This banking product has a number of differences and features. First of all, the loan is issued without a certificate of income, except in cases where the applicant receives a second education. Borrowers can begin to repay the debt only after completing an educational course and going to work or starting from the third year of using borrowed funds. Before this, the client makes contributions in the amount of accrued interest. You can get a loan only to pay for education at certain universities that are partners of banks.

Interest rate

The main advantage of educational loans is a small overpayment. Special programs of financial institutions provide relatively low interest rates. However, the greatest savings are available to those who take out an educational loan with government subsidy. Under the preferential program, the overpayment depends on the refinancing rate of the Central Bank of Russia.

In addition, the percentage is influenced by which bank the client chooses:

1. The overpayment under the Sberbank program is calculated using the formula ¼ of the Central Bank refinancing rate + 3%.
2. At Rosinterbank, the overpayment on an educational loan is ¼ of the Central Bank refinancing rate + 5%.

Amount and repayment period

The loan amount for educational programs is set in accordance with the bank's rules. The amount cannot exceed 100% of the cost of training, because the financial institution transfers the money directly to the university account. Some provide a loan with a mandatory down payment of 10% towards tuition fees. The repayment period depends on the chosen bank and ranges from 3-16 years. The preferential program with a subsidy from the state provides for a deferment and the total duration of the loan agreement up to 10 years after graduation.

Loan collateral

Preferential student loans do not require the provision of income certificates or collateral. If an educational loan is issued without government support, the issuer may require property collateral or a guarantee from individuals. Collateral is set individually, taking into account the loan amount, the borrower’s parameters and other terms of the transaction.

Education loan for students - application procedure

Obtaining funds to pay for education is different from traditional lending. The transaction is executed subject to the following chronology:

1. Passing entrance tests, admission to a university/college/technical school.
2. Selection of a bank from the list of university partners with the most convenient conditions for the client.
3. Collecting a complete package of documents for submitting an application (the list can be found on the website of the issuing bank).
4. Submitting an application through a branch of a financial institution.
5. Studying the terms of the loan agreement (if the decision is positive) and signing the papers.
6. The university receives funds for the borrower’s education.

How to repay a loan to study at a university

The preferential lending program allows for the repayment of the interest portion of the debt during the borrower’s studies, plus 90 days after graduation. The principal amount is paid for 10 years after the borrower obtains a profession and gets a job. There are programs that do not provide deferred payment. In all cases, the borrower has the right to repay the full cost of training or part in advance without additional fines and penalties.

Pros and cons of educational loans

Special educational loan programs have a large number of advantages. Among the advantages of this type of loans, it is worth highlighting the following:

• low interest rates;
• no commissions;
• deferment of debt payment;
• government subsidies.

However, the product also has disadvantages. Among them it is worth noting the following:

• a large list of required documents;
• limited circle of partner universities;
• non-resident students are prevented from obtaining a loan by lack of registration in the region of application;
• deferment of debt repayment significantly increases overpayment.

Video

If it is not possible to obtain knowledge for free, it would not hurt to take advantage of a special lending program with government support.
This article tells you everything about an educational loan from Sberbank - the conditions for 2018, a list of universities and a number of specific features.

In order to take advantage of this type of lending, you must be an applicant who wants to receive a higher or secondary vocational education. It is also characteristic that there are no restrictions regarding the forms of training. Thus, even a correspondence student can get an education loan. with government support assumes that a certain portion of the interest rate will be covered at government expense. As a result, all that remains is to pay only the minimum amount at an interest rate of 7.75%.

The required loan amount is determined independently. The maximum loan amount can be 100% of the required tuition price.

The repayment terms are quite flexible - 10 years after graduation.
No collateral is required to obtain an educational loan from Sberbank.

Conditions for repayment of an educational loan

An educational loan from Sberbank of Russia has a grace period for repayment. It consists of this:

• the opportunity to enjoy a deferment in repayment of the main loan for the entire period of study is provided;
• during the first year of study, you can pay 60% of the full amount at the interest rate of the loan;
• during the second year of study - 40%.

You can pay off your debt in the following ways:

• for the entire period of study, using benefits and deferment within the program;
• after receiving a diploma. Payment can be made in equal installments, taking into account the interest rate;
• pay the balance in full at any time. Before this, you must submit a request to cancel the exact amount and date of repayment of the debt.

Requirements for the borrower

The list of basic requirements includes:

• Russian citizenship is mandatory;
• age over 14 years;
• student status.

If a potential client is not yet 18 years old, his parents or guardians must be present when applying for a loan. Plus, you first need to sign a contract with the university. The document must indicate that the training is provided on a paid basis and indicate the actual cost.

Before contacting the bank, you can use Sberbank’s online calculator. It will allow you to calculate the amount of monthly payments.

What documents are needed to apply for an educational loan:

• passport;
• consent of parents or guardians in writing, with their passports;
• Confirmation of registration;
• a receipt issued by the educational institution for tuition fees.

Having collected the necessary package of documents, you need to go to the bank branch closest to your place of residence. By contacting an employee, fill out an application form, which must indicate personal data, indicate the name and address of the educational institution, the period of study, as well as the required amount of the loan amount.

In turn, Sberbank employees, having accepted the application, check the information within up to 4 days.
Based on reviews of the program, delays in processing applications are not uncommon. Therefore, it doesn’t hurt to contact a bank employee by phone and clarify the current status of the application.

Procedure for issuing a student loan

The loan will be issued on the basis of one of the principles specified in the clauses of the agreement:

1. The amount can be transferred to the borrower's account. Prompt receipt of funds to the university account is considered mandatory.
2. In parts, in accordance with the dates and size established by the educational institution.

List of universities participating in the educational loan program at Sberbank for 2018

List of educational institutions that participate in the lending program - list (in xlsx format).

How to apply for a student loan (video)

Educational loan at Sberbank - conditions for 2018, list of universities