{"id":1838,"date":"2021-11-20T12:34:21","date_gmt":"2021-11-20T12:34:21","guid":{"rendered":"https:\/\/www.hellotalkies.com\/?p=1838"},"modified":"2021-11-21T14:26:36","modified_gmt":"2021-11-21T14:26:36","slug":"5-best-tips-for-students-to-acquire-a-personal-loan","status":"publish","type":"post","link":"https:\/\/www.hellotalkies.com\/5-best-tips-for-students-to-acquire-a-personal-loan\/","title":{"rendered":"5 Best Tips for Students to Acquire a Personal Loan"},"content":{"rendered":"

A personal loan is highly beneficial for students. The leading banks offer lower interest rates starting at just 10.49%. The money can be used for multiple purposes like a higher course, an international degree, study materials or for paying off education loan debts. A portion of the loan can fund your living expenses in the event that you need to move out of the home. It can also be used for multiple other needs as a wedding loan or finances to help your family.\u00a0<\/span><\/p>\n

We usually plan such expenses way ahead of time. But having a loan handy can help fill the shortages if any. However, you need to get the application approved to enjoy the perks and benefits. Take a look at how to acquire the loan without hassle.\u00a0<\/span><\/p>\n

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    Minimum Income\u00a0<\/span><\/h2>\n<\/li>\n<\/ol>\n

    Students have to show proof of a steady income. This is required for banks to ensure that you are capable of repaying the loan on time. Try to pick a side hustle besides your studies. It can be a part-time job, selling handmade goods or teaching online. It will give an employment profile and boost the chances of getting the loan approved. Do check with your bank to figure out the monthly minimum income required for <\/span>personal loans for students<\/span><\/a>.\u00a0<\/span><\/p>\n

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      Credit Score\u00a0<\/span><\/h2>\n<\/li>\n<\/ol>\n

      The loan is disbursed at the bank\u2019s discretion based on your credit profile. So, you must strive for an ideal score which is usually 750 and above. The higher the number, the better is your chance of acquiring the loan. Use these tips to build and boost your credit performance.\u00a0<\/span><\/p>\n