The Best Student Loans in Spain in just one more click
Compare the best options on the market and choose the one which best adapts to your day to day needs.
Further Below: Our Guide To Student Loans in Spain, Everything you need to know.
Our Rating: 9.5/10
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✔️ From 1000€ to 50000€
✔️ Available for almost any purpose
✔️ Great for clients with a stable income
✔️ Fast process, money in 2-3 days
✔️ Website not in english, but with english support
To pay the tuition, advance the scholarship, go on Erasmus or finance a master’s degree. Discover the credit options designed to pay for your studies. We explain you what types there are, how to compare their conditions, what to take into account and the best offers of loans to study.
Visit our general loans in Spain ranking & guide.
What you should know about student credits:
In general, when we talk about student loans, the first thing we think about is the credits that some banks offer to finance college tuition. But the truth is that with these products you can pay many other expenses related to your studies, always depending on the conditions of each offer. In the following list we see what we can finance with a loan of this type:
As the characteristics of each type of training are different, the offers to finance them are also different. It is important to specify our type of study to the entity so that they can advise us with the products best suited to each training.
Many universities, schools, academies and institutes have agreements with certain banking institutions with which we can finance the cost of the particular studies we want to take. These types of agreements allow us to obtain financing tailored to the course and usually have (generally) more advantageous conditions than other loan offers to study generics.
It is always worth asking at our school about this type of agreement in order to evaluate and compare the offer and know if we are interested.
Yes, student loans tend to have a lower interest rate than personal loans for any purpose, although it must be said that it all depends on the conditions offered by each financial entity.
As a general rule, the average APR for these products is between 3% and 6%, while the average for consumer loans is over 8%.
They also tend to have other advantages, such as slightly longer terms (up to 10 years in some cases), initial shortfalls, flexibility in repayment or, in exceptional cases, interest of 0%.
Although these are very low interest loans, it is important to know all the characteristics of the loans for this purpose:
The requirements for taking out a student loan are usually a little more lax than for loans for other projects, such as financing a car. Although it is important to comply with all the conditions required by the banks in order for the operation to be approved. Generally the entities will ask us for the following:
As we can see, there are different requirements depending on the type of financing for training that we need.
It depends. There are entities that, if the student does not work, allow him/her to add guarantors or co-owners (the parents, for example) that guarantee the repayment of the credit in case he/she cannot. Others, on the other hand, require that there is only one holder, in which case it will be necessary to have a payslip to prove that we will be able to pay the monthly payments throughout the entire repayment period.
In the case of scholarship advances, as it is necessary to provide proof of the award of this aid, it is easier for the student himself (even if he does not work) to hire him without a guarantee.
If we ask for a student loan, it is likely that the entity will offer us a total or partial grace period, that is, not to pay anything or to pay only the part of the interest during the first years of the contract’s life (generally between two and five). This option can be convenient in certain cases, since we will not have to worry about the fees while we are studying and we will be able to start paying them when we are already working.
What this page is for: our goal is to help you get the best financing for your needs. Therefore, here we explain you what credits with payday guarantee are, how you can compare them to know which one suits you and which offers are the most attractive right now.
Source: the information regarding the main characteristics of payday loans and their current regulation comes from Law 16/2011 on consumer credit contracts among other reference portals.
Methodology: the data relating to the conditions of these products (amount, term, interest, etc.) have been obtained through online research and consultation of the official statistics of the aforementioned reference sources.
About FUNDGECKO: we are an online comparator specialized in personal finance and home economics products. Here you can, in addition to comparing the conditions of all offers, find quality information that will help you identify the payday loans that best suit your needs.
Note: the services we offer are totally free for the user, as FUNDGECKO obtains its income from advertising and its featured products.