For many students it is not enough to hold a degree from the university of applied sciences or university after completing their studies. You want more and therefore want to do your doctorate after graduation. Actually a good idea, as the knowledge is strengthened again and the chances of earning a living can increase significantly.
But many more months pass before the doctorate is completed. Months in which the money that is so urgently needed for life can often not be earned. Because a doctorate not only requires a good topic and the appropriate knowledge, but above all it also requires time. After all, it does not write itself down and the research on the topic cannot be done on the side. Since many former students did not save the money needed for the time of the doctorate, they are looking for a loan for a doctorate.
Usually just a side job
In many cases, the former students only have a part-time job in order to be able to spend enough time on their doctorate. But such a job can only ever cover part of the costs that are incurred each month. Because everything from the rent to the costs for meals, insurance and telephone must be able to be paid as much as possible in advance.
The banks and savings banks are familiar with this problem and therefore often have an understanding with the prospective doctors. You provide a loan for a doctorate if you are doing a doctorate in a subject that in the end also offers good chances for employment and good earnings. For example, doctors, lawyers, chemists or technicians and other scientists are supported with a credit for doctoral studies. On the other hand, it looks a little worse in the artistic fields. Here the banks and savings banks are very cautious with a support, because in their eyes art in all its facets is still a division in which good money can only be earned in very rare cases.
It is not without security
Even if you do a doctorate in an area that ultimately promises a good income, the loan for a doctorate cannot be taken out without collateral. A guarantor should at least be available. In addition, the Credit Bureau must vote with the borrower so that a loan can be approved for promotion. It is very much appreciated when the life partner takes over the guarantee. If this is not available, the parents or siblings and friends can also step in. It is important that there is a close relationship between the borrower and the guarantor so that problems with the repayment can be quickly discussed and clarified.
Which loan type is best suited?
At best, you opt for a classic installment loan. It can be used flexibly and can be easily adapted to the doctorate. In many cases, an individual repayment can be arranged with the bank so that the credit does not become a burden during the doctorate and the full concentration can be on the writing of the work.
Whether the loan is taken out at the house bank or via the Internet is always a matter of taste and should perhaps be clarified with the help of a comparison. For guidance in the selection, the interest of the individual offers should perhaps be carefully examined and the decision based on this. After all, everyone wants a cheap loan. And you always get this when interest rates are cheap.