Student Loans in Taiwan - Banks

1. In reviewing loan applications, banks will usually take into consideration the applicant's character, capacity to repay the loan and ability to comply with the bank's conditions. To help them evaluate your application, they might ask you to present some form of identification or evidence that you are currently enrolled in an educational institution.
2. For banks to know how much you will need to borrow, they will need a computation of your tuition fees, accomodation fees if there's any, school materials etc. Banks may also ask you to provide information about your income/parent's income.
3. Search online for banks that have student loan schemes or offers personal loans for education in Taiwan.
4. Check if you can start your application online. Some banks will ask applicants to complete a preliminary application online. After reviewing the application, a bank representative will contact the applicant to tell them where can they submit their application and what documents will they need to produce.
5. Some banks have the 'Application for a Loan Form' available on their website, read the form carefully as you fill in the required details and bring it with you when you apply for a loan at the bank's branch along with all other required documents.

Things you should know before applying for a loan:

Before you apply for a loan, carefully take note of the interest rate, conditions and repayment scheme that the bank is offering. It will be better if you look into several banks and have done some research regarding the banks application process. One thing that you also need to consider in choosing where to apply for a student loan is the bank's customer service, since this type of loan can take years of continuous correspondence between you and your bank, it will be much better if your bank has a good and accommodating customer service, this will save you from a lot of stress in the future.

Tip: You may not need to accept the entire loan amount the bank is offering you. Since you will be paying back the loan sometime in the future, it will be more ideal if you will only borrow what you need.

List down the documents required for successfully completing the procedure.

e.g.
1. Proof of child birth from the Hospital.

Please list down the office locations that can be approached for applying. External links can also be used specifying office locations.

Provide eligibility criteria's for going through this procedure.

Explain the fees structure which is required for obtaining the certificate/document.

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

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Student Loans in Taiwan - Banks

Some banks in Taiwan have student loan schemes or offers personal loans for education that can help students pay for education-related expenses.

Government of Taiwan - Ministry of Education

Several Taiwanese cities started funding their own interest-free student loan schemes. The loan program encourages Taiwanese students from 20 to 40 years old to pursue advanced and professional studies overseas. Loan funding and availability varies among cities.

A list which displays the kind of information which is required to complete the procedure.
e.g.
1. Date of Birth.
2. City or County of Birth.

Designed to help students pay for university/college tuition, books, and living expenses, student loan differs from other types of loans with its interest rate substantially lower and repayment of the loan may be deferred while the student is still in school.

Some banks offers this specific type of loan to their customers. A student loan can also be obtained through a government student loan program, this may not be the case in all countries so it will be better to check first.

Following is a guide on how students can apply for a loan or seek financial aid in Taiwan.

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e.g. Birth Certificate can be used as proof of identity.

http://www.aief-usa.org/aboutief/newsroom/newsroom_tw2013.htm

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