Each lender has a different maximum loan amount that they will offer. Your school validates your enrollment and assures that you aren’t borrowing more than what it will cost you to attend if your lender requests “school certification” (including your federal student loans, scholarships, and grants).

Student private loans are based on credit. This implies that a lender will consider your track record of repaying loans. Contrarily, federal student loans are typically determined more by financial standing and federal regulations than by credit. You might require a cosigner if you don’t have any credit history. A parent, a relative, or any other creditworthy person can serve as a cosigner. Getting a private student loan might be made easier by their solid credit history. A cosigner commits to paying back your private student loan alongside you. It might be a terrific approach to establish your own credit if you maintain your loan standing by making timely payments. Your co signer’s credit may suffer if they fail to make payments if you default on your loan or become behind on payments.

You will normally receive a credit decision within 15 minutes of submitting your application for our private education loans for graduate or undergraduate study. Once your loan has been accepted, you will also receive notices asking you to examine, agree to, and electronically sign the conditions. Before your loan may be disbursed, your school must certify the amount (paid to the school). Then you’ll receive a Final Disclosure that contains all the information. Prior to your private student loan being disbursed (given to your school), you have the ability to cancel it as stated in the Final Disclosure. If you’re going through the process right now, here are some reasons why student loans from Rad Cred might be right for you: Many Lenders One of the best things about our company is that it has many lenders to choose from. On most platforms, you have just one or two lenders to choose from. We have over 20 different lenders, each offering various rates and terms. So when you’re looking for student loans, why not take advantage of this? Compare the different lenders and choose the lender that’s the best fit for your needs. Whether you need law school loans, undergraduate loans, or a graduate school loan, there is something for you. You can even compare rates based on their flexible terms, for instance, whether they offer repayment plans. Low Interest Rates Than Other Loans One of the most significant advantages of student loans is their low-interest rates. Unlike mortgages, auto loans, and credit card debt, student loans have attractive interest rates. This is because lenders are typically not worried about whether or not you’ll be able to pay back your loan. You’re a good bet for them; you’re going to school and hopefully get a better job that will pay more money. That’s why they’re so willing to give out low-cost loans to people who will most likely pay them back on time. Fast Loan Processing When you apply for a student loan, you’ll want to know that the lender is fast at processing loans. The last thing any student wants is to be stuck waiting around for their money. Thankfully, we can offer fast service when processing your loan application. When you apply for a student loan from us, we’ll review your application quickly and send you an approval letter within minutes of receiving all necessary documents. You’ll never have to wait for so long. Few Requirements You can apply for a student loan with us if you’re a student. You may be a full or part-time student at any accredited school. Moreover, you should be over 18 years old. If you’re under 18, we strongly recommend discussing your situation with your parents or a financial advisor before applying for a loan. Ensure you have a bank account so we can deposit funds into it when needed. Lastly, you should have proof of income, either an internship or a part-time job. We do not need too many details, like in the case of federal student aid, even though the loans have a debt relief. Encrypted Client Information Therefore, even if someone tried to hack in and steal it, they wouldn’t be able to get anything out of it. This is especially important since you will be sharing confidential information with lenders, like account numbers and other personal details that someone can use against you if they fall into the wrong hands. It also means that nobody will see your private information except the lender(s) you select during the application process. Thus, you don’t have to worry about someone else getting their hands on your private data accidentally or intentionally. You Only Need a Tablet/Laptop to Apply You don’t need to apply in person. You can apply for a loan from anywhere, so long as you have internet access. This is excellent news for those who live far away from a bank or don’t want to make an appointment with a loan officer. You can even apply for a loan from the comfort of your dorm room! The application process is simple: log into their website and follow the prompts. Simple Online Application Process The simple online application process allows students to apply for their desired loan amount without hassle. The process includes filling up an online form with all the required details and submitting it via the same channel so we can review it and approve your request soon after submission. This helps you save time and effort in applying for a loan. Therefore, you won’t go through a lengthy application process at a physical branch office that takes a lot of time. No Credit Score Required We at Rad Cred differ from other brands. We don’t require a credit check or credit score when you apply for a loan from us. Instead, we rely on other forms of data to determine your eligibility for a loan and the rate. One reason why we do this is that many students don’t have any credit history yet. Or at least not enough to justify approval for a student loan.