What are honorary loans? A short guide

What are honorary loans? A brief guide

What are honorary loans? A brief guide

This particular form of credit can be equated, in general, with the request for a non-finalized loan quote, granted at particularly advantageous conditions both from the point of view of the sum that must be returned to the institution and for what concerns the methods of access. The applicant, in this case, does not necessarily have to possess a demonstrable income (as instead happens for the more traditional forms of private financing) and this represents a great point in favor for this type of product. By its very nature, the honor loan was designed for all students who need financial support to start a training course. The subsidized rates that are applied to these products and the possibility of having an amortization plan that is also very deferred over time are made possible by the various agreements that the universities – or schools – stipulate from time to time with the various Institutes.

Among the numerous opportunities on the market, particularly interesting is that studied by UniCredit, one of the leading banking groups at European level that offers numerous financial and credit services. Bank Credit ad Remon is the name of the loan solution designed to allow all young people enrolled at a partner university to complete their course of study using extra liquidity. At a general level, the standard duration of this funding ranges from a minimum of 12 months to a maximum of 180, depending on the course of study, and allows to finance training projects for a value not exceeding € 27,700. The solution proposed by bank credit also provides for the so-called “grace period” for a period of two years, without accumulating additional interest, before starting to repay the requested sum.

Loan estimate of 10000 euros

Loan estimate of 10000 euros

 

Financial: Dimple Loan
Product: Personal Loan
TAN Fixed: 4.25%
APR: 4.44%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.117

Monthly installment € 185, 28 Feasibility check 

Financial: Ultranix
Product: Personal Loan
TAN Fixed: 5.16%
APR: 6.70%
Loan duration: 60 months
Amount Financed: € 10.146
Total due: € 11.735

Monthly installment € 193, 19 Feasibility check 

Financial: Astrofinance
Product: “Your Projects” Credit
TAN Fixed: 6.01%
APR: 6.18%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.602