Borrow money for study books, study computer and study start

Do you need to start the study but lack money for expensive study books or a new study computer? It can be expensive to get started as a student, especially because the student loan rate does not cover much more than the rent and the fixed expenses.

So if you do not have a large savings, you may need to borrow for study books or study computers. This gives you good opportunities to go online, which is far easier to get approved, compared to the bank.

Need money for a college startup?

Need money for a college startup?

If you need money to start your studies, the web will be the easiest and fastest way to make more money on your account. You should just do your prep work properly so that you find a reasonable interest rate. You should not be too expensive.

We recommend that you apply to at least 2 companies online while you inquire at the bank.

You can search online at this site .

You should subsequently receive loan offers back and your bank advisor will also be able to give an indication of your options. By following this approach, you will be scanned for both options to find the best or cheapest solution.

Should the bank end up rejecting you, which most students will probably experience, you already have online loan offers ready in the inbox of your mail. It is always mandatory and absolutely free to apply.

Related: See also our pages about borrowing money for books and new computer .

The most expensive expenses are in the beginning

The most expensive expenses are in the beginning

There is no doubt that the most expensive expenses are at the start of the academic year. It’s always there that you have to buy expensive books or a new computer so you can keep up with your friends. During study time you use the computer really much, so it does not matter what you do around.

Spending $ 5,000 – $ 9,000 on a new computer can be a good investment, well spent, over a multi-year period. After all, many courses last 3-5 years, where a lot of work has to be done in Word, Excel, Power Point etc.

Good tips for saving money

Good tips for saving money

We end by giving you a number of good tips for saving money and getting started cheaper at the start of your studies. Because you don’t necessarily have to buy new to get what you need. You may want to consider the following:

  1. Borrow the textbooks at the library

Most studios have libraries where you can buy the books in used format. As the literature changes very little, even an older version of the book may have almost identical content.

You may therefore consider borrowing especially the thickest and most expensive books. Admittedly, you can only have them for a limited period at a time, but then you can always renew the loan period. See more at Good Finance.

  1. Buy a used computer

Buying a used computer is another alternative that can quickly save you a few thousand dollars. The problem is that you are not “protected” with the same warranty as if you were buying new.

It is therefore a little more risky and under your own responsibility, but no doubt good savings and trades can be achieved. If you are good at finding the right model from a trusted seller.

We hope you have learned how to borrow money for a college start and save yourself money if you prefer to follow our 2 tips.

Buying a study computer on installment – a good idea?

If you do not choose to borrow money for the study computer or buy it in used condition, there is a whole third option. It’s about buying the study computer on installment. The question is, is it one good idea at all? We will take a closer look at this in this section.

For while it may be tempting to buy on installment, there are just a number of matters and important points you should know about. Choosing this solution is rarely free, so you will typically experience the same costs as choosing the loan. In fact, it may well end up being more expensive if you are not aware of interest and fees.

You should therefore consider financing through installment, just as if you were borrowing a computer loan as a student . Although there are some cases where you are offered interest-free installment, always remember to read the terms carefully no matter what. When asked whether this is a good idea, the following can be mentioned:

Buying a student computer on installment should be considered a consumer loan, knowing that it can cost you money as the overall cost is typically higher. With interest-free offers, it can be a good opportunity for students if you have control and overview of the economy.

Can your parents help fund the study books?

Can your parents help fund the study books?

There is no doubt that the vast majority of parents will be 100% behind them when it comes to education and career. So, have you heard them if they want to help you with financing the study books, if it hurts for yourself? Of course, it depends on the family and your relationship, but it can be an option.

Because while the computer can be considered a thing that one must stand for as a student, the books are absolutely fundamental for you to complete. So that you have a real chance of getting good grades and following the different subjects. An area where you have no choice – the money must be found!

For the same reason, it might be worth asking your parents before considering a consumer loan online. It will be cheaper and you may even be lucky enough to give you the money. Who knows? You should at least turn it around with them, as they probably agree that it’s a better solution than borrowing money for study books .

We end with one bonus tip, because a lot of money can be made / saved by selling the study books after the course is completed. You may be finished with a semester and will no longer need them. There are definitely like-minded people who have been in exactly the same situation as you.

How to consolidate multiple loans

We consolidate multiple loans and advances if we want to achieve two effects:

  1. reduce your total monthly payment
  2. pay for the repayment period less on interest

However, we do not always achieve both effects at the same time. Sometimes we may reduce our total monthly installment, but in the end we pay much more for the repayment period than if we did not consolidate the loans. Conversely, we can consolidate loans by paying more efficiently (we pay less on interest), but the total monthly installment may increase over a period of time.

The main factor affecting both the repayment and the sum of the interest paid is the maturity of the consolidated loan.

The following table shows how the repayment of two types of loan can look like:

Type of loan Credit balance (principal) Monthly installment Number of years to maturity Interest rate Amount of interest paid
Consumer loan 100.000 USD 1.321,51 $ 10 10% 58.581,20 $
Credit card 50.000 USD 2.068,18 $ 3 28% 24.454,48 $
Total 150.000 USD 3.389,69 $ 83.035,68 $

Consumer credit has a much lower interest rate, has a 2 times higher principal and more than 3 times longer maturity than repayment of the spent credit card. Although the monthly repayment is lower for a 2-fold higher loan, the distribution of the repayment over a longer period will cause the client to overpay a much higher amount on interest. This repayment of the loan is financially effective because the client will get rid of the loan with a high interest rate. Although he will have to withstand a higher installment for a certain period of time, but after 3 years his monthly cash flow will improve and he will only have to repay one loan.

Let’s look at two consolidation offers for this client

(1) The loan in the amount of 150 ths. USD, maturity 10 years, interest rate 9% pa

Type of loan Credit balance (principal) Monthly installment Number of years to maturity Interest rate Amount of interest paid
Consumer credit (consolidation) 150.000 USD 1.900,14 $ 10 9% 78.016,80 $

(2) The loan in the amount of 150 ths. USD, maturity 7 years, interest rate 7% pa

Type of loan Credit balance (principal) Monthly installment Number of years to maturity Interest rate Amount of interest paid
Consumer credit (consolidation) 150.000 USD 2.263,90 $ 7 7% 40.167,60 $

If the client concentrates only on the greatest monthly savings on the installment in the first years of repayment, then it is more convenient for him to choose the offer No. (1). However, it should be borne in mind that he will repay less than USD 1,500 in the first three years, but in the next seven years his repayment will be USD 600 less than if he had kept the original two loans. The total interest paid shows that in the 10-year horizon, savings of only about 5,000 USD.

The second offer of consolidation we see a slightly different situation

The second offer of consolidation we see a slightly different situation

The loan is cheaper (7% pa), but also has a shorter maturity (7 years). Both of these factors will positively affect the financial cost of the loan (ie what we pay extra). We see it in the column “sum of interest paid”. Compared to the original two loans together, the client overpaid by about 43 thousand. USD less and compared to the offer of consolidation no. (1) by 38 thous. USD less. However, this savings is offset by the fact that the client must accept slightly higher monthly payments. In the first 3 years it will save 1,100 USD, in the next 4 years it will pay about 900 USD more and then the loan will be repaid (compared to the original two loans it will still save 1,332 USD per month for the next 3 years).

What are the consolidation recommendations?

money saving

As can be seen from the described examples, no conclusion is quite clear and it always depends on which priority the client prevails. If the client needs to bridge a short period (eg 2 – 3 years), when – as they say – counts each crown, then he can choose a loan with longer maturity in order to reduce repayments as much as possible. Once its situation has improved, it should consider whether it will not finance the loan for a loan with a shorter maturity or make extraordinary installments.

However, if the client focuses from the outset on paying as little interest as possible, the client should choose a shorter loan maturity.

Borrow Free Money ⇒ Quick Loan ⇒ You get the money today

Loans 12000 can be obtained in many different ways. There are a plethora of loan types and loan models for consumer loans online, and it’s up to you to choose the one that best suits your needs. For example, you can Take a quick loan with quick payout if you need money fast. This is also called a quick loan.

There are also some loan providers that offer you free loans for 30 days. This means that you can get a free loan if you pay back within 30 days. Borrow money for free the first time you borrow, so that’s only if you haven’t borrowed from the loan provider before. Those offering free loan 15000 are Lendon and Ferratum. At Simbo loan you can borrow USD 4000 for free.

Loan 12000 cheap

Loan 12000 cheap

Loans 12000 cheap? Yes you probably can’t get it cheaper than free, but if you don’t have the option to repay your loan within 30 days, then you have to choose another way to borrow. Then you may want to find a loan 12000 cheap. We would like to help you. The most important thing when finding cheap loans is to look at the APR and compare the loan offers you are offered. Lowest APR gives the cheapest loan. Read more about ÅOP here.

Within cheap loans you can find low interest loans such as. at Bank Good Finance, Good Credit or E-Money. They offer low interest rates. It should be said that if you want to borrow large amounts such as loan 150000, loan 200000 or loan 300000, then it is a good idea to be two to apply together to get as low interest rates as possible. Loan 12000 cheap online.

What does it take for you to get loan 12000 cheap? Among other things, it requires you to get into the things and use your head. In addition, there may be requirements with the loan provider that you must meet. Eg. the loan provider will offer loans of different age groups. Eg. loans 18 years, loans 19 years, loans 20 years, etc. You have to choose the age group you fall into.

There is also an indispensable requirement with most loan providers that you must not be registered in RKI or the Debtor Register. If you are, it is because you are labeled as poor payer and you cannot borrow. However, it is possible to borrow money online even if one is registered as a poor payer. Loan and Credit Loans and Good Trust Loans offer loans even if you are in RKI. However, you should be able to ask a guarantor who will stand as guarantor. Read more about RKI here.

Loans 12,000 interest-free

Loans 12,000 interest-free

Loan 12000 interest free what does that mean? An interest-free loan can either be a free loan that is interest-free and fee-free, or an interest-free loan that still has fees. If you are looking for a free loan and see the term loan free, then you should be aware of whether it is also free of charge. In some cases, high fees will come in the form of e.g. creation fee, administration fee or any other extra costs above.

Many people search Google for interest-free loans for 12 months, but unfortunately this is not possible. Interest-free loans are generally fairly short-term at 1 month or maybe up to 3. However, not for 12 months. So you cannot get a loan of 12000 interest free for 12 months.

Loan example of loan 12000

Loan example of loan 12000

Here you can read about Henriette who had found her dream wedding dress. Actually, she had said that she would not spend as much money on a wedding dress as she had to spend only once. But now she had fallen flat for the most beautiful, white and white wedding dress. She had to own it.

Henriette and her fiancé Anders have already used their savings for all the other things associated with their wedding. However, Anders did not want to prevent Henriette from getting her dream dress, so they decided to look for loan 12000 online.