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Find The Best Abroad
Education Loans In The Germany

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Non Collateral Loans
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10K+ Loans Faciliated
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20+ Banking Partners
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2000 Cr+ Loan Amount Disbursed

NBFCs

avanse
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3 days loan processing time

GreenCheck

Quick Approvals

Secured Loan

Upto ₹2Cr

Processing Fees

0.5% - 1.0%

Margin

NA

Loan Tenure

Upto 15 Years

Early Repayment

Yes

Living Cost

Yes
incred
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5 days loan processing time

GreenCheck

Quick Approvals

Secured Loan

Upto ₹2Cr

Processing Fees

NA

Margin

NA

Loan Tenure

Upto 15 Years

Early Repayment

Yes

Living Cost

Yes
hdfc-credila
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9 days loan processing time

Secured Loan

NA

Processing Fees

0.85% - 1.0%

Margin

NA

Loan Tenure

Upto 15 Years

Early Repayment

Yes

Living Cost

Yes
auxilo
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3 days loan processing time

GreenCheck

Quick Approvals

Secured Loan

Upto ₹2Cr

Processing Fees

NA

Margin

NA

Loan Tenure

Upto 15 Years

Early Repayment

Yes

Living Cost

Yes
credenc
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1 day loan processing time

GreenCheck

Quick Approvals

Secured Loan

Upto ₹1Cr

Processing Fees

1.0% - 1.5%

Margin

NA

Loan Tenure

Upto 12 Years

Early Repayment

No

Living Cost

No
tata-capital
fireClock

5 days loan processing time

GreenCheck

Quick Approvals

Secured Loan

Upto ₹2Cr

Processing Fees

0.5% - 1.0%

Margin

NA

Loan Tenure

Upto 15 Years

Early Repayment

Yes

Living Cost

Yes

International Funds

prodigy-finance
fireClock

5 days loan processing time

GreenCheck

Quick Approvals

Secured Loan

No Upper Limit

Processing Fees

NA

Margin

NA

Loan Tenure

Upto 15 Years

Early Repayment

Yes

Living Cost

Yes

Private Bank

axis-bank
fireClock

7 days loan processing time

Secured Loan

Upto ₹3Cr

Processing Fees

0.5% - 1.0%

Margin

NA

Loan Tenure

Upto 15 Years

Early Repayment

Yes

Living Cost

Yes
icici-bank
fireClock

5 days loan processing time

GreenCheck

Quick Approvals

Secured Loan

Upto ₹2Cr

Processing Fees

0.5% - 1.0%

Margin

NA

Loan Tenure

Upto 14 Years

Early Repayment

Yes

Living Cost

Yes
csb-bank
fireClock

7 days loan processing time

Secured Loan

Upto ₹2Cr

Processing Fees

0.5% - 1.0%

Margin

NA

Loan Tenure

Upto 15 Years

Early Repayment

No

Living Cost

Yes
yes-bank
fireClock

7 days loan processing time

Secured Loan

Upto ₹2Cr

Processing Fees

0.5% - 1.0%

Margin

NA

Loan Tenure

Upto 15 Years

Early Repayment

Yes

Living Cost

Yes

PSU

bank-of-baroda
fireClock

9 days loan processing time

Secured Loan

Upto ₹2Cr

Processing Fees

NA

Margin

15%

Loan Tenure

Upto 15 Years

Early Repayment

Yes

Living Cost

Yes
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What our Students say about us

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Education Loan for Germany


Overseas students should strongly consider studying in Germany because of the countless opportunities that arise as a result of doing so. While Germany is known for being one of the most inexpensive countries to study in, international students frequently encounter living expenses that consume a significant portion of their budget. There are several banks and non-banking institutions in India that give education loans at low-interest rates for students interested in acquiring a loan in Germany for students. Applying for a education loan for Germany has evolved since its inception, and those who choose to do so can now do so with ease.


Eligibility to obtain an student loan for studying in Germany


There are a lot of factors involved when it comes to taking an education loan for Germany. The first step to seeking a student loan is to know if students qualify for one or not. It is therefore important to check the qualifying requirements once students have decided to take out an education loan. The following are the necessary criteria for obtaining a student loan in Germany in India:

1. The applicant must be an Indian citizen.
2. The student must have been admitted into one of the German universities recognised by the bank.
3. The student must be at least 18 years old.
4. To repay the loan following their study, the candidate should have been accepted into a job-oriented programme.
 

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Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.

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Required documents for education loan to study in Germany


A student loans in Germany for international students can be obtained through nationalised banks or NBFCs when planning their finances well and knowing what documents are required to get started with the procedure. UniCreds generates a list of documents for students based on their profile, the profile of their co-applicant, and any collateral they submit. However, these are the documents that international students in Germany must have in order to obtain a abroad education loan.

1. KYC Documents - Aadhar Card, PAN Card, Passport
2. Academic Documents - Mark sheets / passing certificates of S.S.C., H.S.C, Degree courses, Copy of admission letter of the Institute along with Fees schedule
3. Financial Documents - Bank Statement/ Passbook of the last 6 months.
 

Germany study abroad cost includes


The cost of studying in Germany for international students varies depending on the university and programme chosen. However, living expenses are an inevitable part of a student’s journey overseas and this is when an education loan to study in Germany may come in handy. Public Universities - There are no tuition fees in Germany for public universities. However, there may be a minimal enrollment fee that you must pay each semester in some situations. Typically, the registration fee is between €250 and €350*. Private Universities - While public universities are fairly inexpensive, students attending private universities face a different situation. International students studying at a private university in Germany may expect to pay anywhere from €25,000 to €40,000* in tuition fees, depending on the subject. MBAs and engineering programmes are often the most expensive.


Education loan to study in Germany Covers


At the time of enrollment, the university will supply students with documents that clearly state the cost as well as the total amount necessary to complete the selected course. It is important to note that, while German institutions do not charge a tuition price, there are additional expenditures that students incur during their stay in the country, most of which are usually covered by your study loan for Germany. An institution's loan, on the other hand, would be strictly for educational purposes and would not cover personal costs. The loan amount sanctioned would cover the following expenses: Tuition costs (if any) Student housing expenses Caution deposit funds (security) Travel & Transport expenditures Study tours, Project Works, and Fieldwork during the course of your academic year Books, Laptop, Stationary Miscellaneous expenses associated with completing the course


Types of Loans Available to Study Abroad in Germany


There are two types of education loans provided in Germany for students. They include -

Secured Education Loans: These are student loans that are backed by the collateral attached to them. In order to get a secured education loan, students would be required to pledge an asset as collateral to the lender. There are two categories of collateral to choose from:

  • Property, lands, shops or stores, and other tangible assets are examples.
  • Fixed deposits, government bonds, and insurance are examples of intangible assets.

Unsecured Education Loans: These loans do not need the use of collateral. In order to obtain an unsecured loan in Germany, it is not required to present any type of collateral to the lender. However, a co-applicant is necessary, and the co-applicants income will be a key factor in the financing.


Looking forSparkLogoFaster and
streamlined Process?

100% Transparency

100% Free

unicreds

Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.

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Education Loan for Germany without Collateral


As stated previously, obtaining a education loan for Germany without collateral is also possible. When seeking education loan for Germany, many students prefer to avoid having to deal with any kind of collateral. UniCreds enables this and makes it easy for students by offering education loans for Germany without collateral. This means that the student loan can be approved without requiring students to present a tangible or intangible asset, as well as the accompanying documents and paperwork.


Tips for Choosing the Best Education Loan


There are a few factors to bear in mind as a student seeking an education loan for Germany, both before and after the loan is approved. Among them are -

1. Make sure to double-check the processing costs of the loan.
2. Compare loans based on the amount of income tax exemptions available.
3. Check the loan margin amount before applying.
4. Keep track of the loan's processing time.
5. Examine the loan repayment terms.
6. Choose a longer term so students can budget for their repayments ahead of time.
7. Make the loan application at least 3 months prior to the scheduled visa interview.
 

Why Choose UniCreds?


UniCreds, unlike any other platform, makes securing student loans easy. Here are some of the reasons why securing a study loan for Germany with UniCreds is the best choice: Full financing (up to 100 %*) for tuition and living expenses No margin money Immediate sanctions in the event of an emergency Options for customised financing Comparing education loans Tracking of loan applications Loans with no collateral Doorstep delivery of services Paperless approval of loans


Top Universities In Germany & Their Rankings


Here’s a list of the top universities in Germany along with their 2024 rankings
 

Germany Rank 2024Universities THE World University Ranking 2024
1Technical University of Munich30
2LMU Munich38
3Heidelberg University47
4Charité - Universitätsmedizin Berlin94
5Humboldt University of Berlin=87
=5University of Tübingen=95
7University of Bonn91
8Free University of Berlin102
9RWTH Aachen University90
10University of Freiburg128

 


Popular Courses To Study In Germany


With high-quality programmes and courses to offer, Germany attracts several international students. Some of the top courses to pursue in Germany with great scope in the global market are listed below,

  • Medicine and Dentistry
  • Law
  • Industrial Engineering
  • Engineering
  • Mathematics and Computer Science
  • Natural Sciences
  • Business and economics
  • Architecture
  • Psychology
  • Philosophy and the Humanities

 


Student Visa Requirements For Germany


In order to be eligible to apply for a student visa to Germany, here are some requirements that must be met -

  1. You must have a passport that is valid for at least one year from the date of visa application with a minimum of 2 empty visa pages.
  2. 2 scanned copies of the passport’s personal information page in A4 format.
  3. Two copies of the Visa Application Form - Fully filled & Signed.
  4. 2 copies of fully filled & signed declaration form for further contact and legal counsel details.
  5. Three biometric visa photos.
  6. Proof of acceptance into a German study programme or preparatory college. The letter must include information on the language of teaching for the courses. 
  7. Evidence that you are at least B2-level fluent in the language of instruction. Please submit the original as well as two copies. 
  8. Any academic credentials and certifications. Provide the original and two copies.
  9. Certificate issued by the APS (Academic Evaluation Centre)
  10. Your CV
  11. Evidence of financial means to sustain oneself throughout your stay.
  12. Travel Health Insurance.
  13. Demand Draft for the Student Visa fees.
 

Banks & NBFCs Offering Study Loans For Germany


Several banks & financial institutions offer education loans for Germany. Here’s a list of some of them

  1. Avanse Student Loans
  2. ICICI Bank
  3. Axis Bank
  4. HDFC Credila
  5. Auxilo
  6. InCred
  7. Bank of Baroda
  8. Credence
  9. Prodigy
  10. J&K Bank

     

Education Loan Options With Collateral In Germany

Particulars Public Banks Private BanksNBFCs
LendersSBI, BOB Axis BankAvanse, Incred  
Loan Amount (INRUpto 1.5 croreUpto 60 lakhs  Upto 50 lakhs 
Interest Rate Rang8.85%-10.25%*11%-13.5%*12%-14%*
Processing Fees (INR)INR 11800* + Property Evaluation Charges   

INR 15,000*+GST if loan amount<=20 lakhs 

& INR 750 on every 1 lakh above 20 lakhs* + Property Evaluation Charges

1-2%* of the loan amount 
Payment During Study Period NO Simple Interest  Simple Interest  



Education Loan Options Without Collateral In Germany

FeaturesPublic BankPrivate BanksNBFCs
LendersState Bank of India (SBI), Bank of Baroda (BOB)Axis BankAvanse, Incred
Loan Amount (INR)Upto 7.5 lakhs*INR 40 lakhs* (For Few Selected Universities, for others only up to INR 7.5 Lakhs*)INR 20 lakhs* (Easier for Master’s courses as compared to others, amount based on the co-applicant income)
Interest Rate Range10%-11%*11.25%-12%*12%-16%*
Processing Fees (INR)NOINR 15000+GST* if loan amount <=20 lakhs And INR 750 on each 1 lakh above 20 lakhs*1-2%* of the loan amount
Payment During Study PeriodNOSimple InterestSimple Interest

Evaluate your Germany Education Loan Repayment.

Frequently Asked Questions

Education loans are the most common type of loan in Germany. For students who want to borrow an education loan, there are many state-financed grants, as well as, private loan providers in Germany. Based on a student’s financial requirements and eligibility, they can apply for a loan that best suits their needs.
The best banks for education loans in Germany are in partnership with UniCreds and include ICICI Bank, Avanse Financial Services, HDFC Bank, Axis Bank, Auxilo, InCred, Bank of Baroda, Credenc and Prodigy Finance.
Students must provide evidence of their financial stability in order to be granted a study visa for Germany. This acts as a confirmation that a student has the financial means to pay for their studies in Germany. Students need to show evidence of approximately 860 euros per month or 10,330 euros annually in their bank account.
Yes, international students can get a student loan in Germany. Although, students must check the eligibility requirements before applying for an education loan in Germany. Non-EU students must meet the eligibility criteria and submit the necessary documents to apply for a student loan as an international student.
German universities are reasonably priced, and the country actually offers free education. For those who earned their Bachelor's degree from anywhere in the world, Master's degree tuition varies between universities and can range from about €20,000 to €30,000 per year at private German universities.