Simply put, the client enters into an agreement with the bank, and the educational institution provides a discount on tuition equal to the amount of accrued interest. In the long term, it would seem that the student will only pay for the course. But there are nuances. For example, when terminating the agreement, the borrower may be responsible for paying the loan and interest on it. Therefore, it is worth considering the options of different banks and only then making a decision. Taking a loan under the first program offered is not the best solution.
Much depends on how exactly you want to borrow money - from a partner educational organization or from a bank that you choose yourself. But it is important to compare the terms of different lenders in advance to find the best offer.
The key selection criteria should be:
Interest rate.
The amount and term of the loan – the size of the qatar mobile database monthly payment depends on them.
Payment procedure.
Total overpayment – consists of accrued interest and the cost of additional services.
Significant conditions – for example, the possibility of early repayment.
You should be especially careful with offers from partners of educational organizations. They may seem very advantageous, but it is worth studying additional conditions. Find out in advance about the payment procedure when terminating an agreement for the provision of educational services - it is possible that the program will not suit you and you will want to refuse it. But at the same time, the educational organization may refuse to pay interest for you, citing the terms of the agreement.
Important: you can get a loan for education even from a bank that is not a partner of the online university. And its terms may be more favorable. Therefore, it is worth familiarizing yourself with various options in advance, finding out about approximate rates and the availability of special offers. When concluding an agreement, it is important to study all the significant conditions - only in this case can you be guaranteed to avoid unpleasant surprises in the form of sudden overpayments.