KfW student loan and deferral of repayment
The KfW student loan was specially designed for socially disadvantaged students. This is kept very flexible, the only question that arises is whether it is also possible to defer the installments.
It is well known that students usually do not have a lot of money available. If there is not enough money at home to support you financially, there is the option of taking out a student loan from KfW. You can find out exactly what this means and how the repayment takes place in the following instructions.
The importance of the KfW student loan
- The KfW student loan is specially created to help financially weak students until they have a permanent job. The advantage of this loan is clearly the cheap rate that you can enjoy as a student.
- That means, unlike conventional loans, you get a particularly cheap one Interest rate and do not have to repay the amount until you have a permanent position after your studies clothe.
- This credit is also designed to be very flexible. This means that if you have the option to make special repayments, you can take advantage of this option. It is also possible to defer the installments. You can find out how this works in the following main point.
The possibility of deferral of installments
- Basically, there is the option of deferring the installments. However, one condition must be observed here.
- The student loan from KfW is an annuity loan, which means interest and repayment are offset monthly to form an annuity. If you have an income that is less than € 1000, it is possible to defer the contributions. But be careful, you can usually only do this once a year.
KfW Student Loans and Interest - Notes
The KfW student loan gives you the opportunity to earn a living during ...
