Education Loan

What is the education loan?

Education loan is an unsecured loan to finance educational or school related expenses.

Unlike the state guaranteed student loan you can apply for education loan if the duration of your studies is less than 9 months or if you are studying part-time. Each loan is a financial obligation that must be repaid. Consider the loan terms carefully. As a result of loan repayment default your loan debt might increase due to reminder fees and other costs associated with the debt collection process.

Advantages of MoneyZen's Education Loan

  • Reasonable interest rate
  • Borrow up to €10 000
  • Loan period up to 7 years

Recommendations before applying for education loan

  1. Consider carefully if you really need a loan and in which amount Why?
  2. Investigate and compare the terms of several loan providers Why?
  3. All your loan repayments should not exceed 33 percent of your total monthly income Why?
  4. Make sure that you have considered all additional terms and costs Why?
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