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Where to find the best bank for student loans in the UK for 2013 or 2014

With the academic year upon us it's about time for students to look at their finances. One way to make the most of whatever money you have while in full time education is to open a student bank account. So where are the best bank for student loans in the UK for 2013 or 2014?

Preferential rates

Student bank accounts can offer preferential rates on savings, overdrafts and loans. Other bank accounts can offer incentives like free railcards or 0% overdrafts. Although your current bank will be able to open a student account for you quickly and efficiently, they might not offer the best deal.

Overdraft

The best advice is to go with the bank who offer the biggest 0% overdraft. This will normally trump any freebie offers. You should also consider how long the overdraft is valid for and you should also check whether the overdraft amounts mentioned in the bank’s publicity are guaranteed or are just “up to” amounts that few students will qualify for. If you do accept an overdraft you will have to make sure that you don’t exceed its limit. Doing so will lead to charges and these charges.

Student loans

If an overdraft won't cover your costs and you need a loans the best places to find the best bank for student loans in the UK for 2013 or 2014 is a comparison site. Sites like moneysupermarket.com and comparethemarket.com make things easier but you should also go direct to the bank's site as firms like natwest.com and hsbc.com allow you to apply online.

Final word

In reality, finding the best bank for student loans in the UK for 2013 or 2014 takes a while, but with the amount of information available online and with the help of comparison websites it shouldn't be too difficult to arrange a loan that will help you enjoy your time as a student.

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