Find The Best Abroad
Education Loans In The Germany
NBFCs
3 days loan processing time
Quick Approvals
Secured Loan
Upto ₹2CrProcessing Fees
0.75% - 1.5%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes9 days loan processing time
Secured Loan
NAProcessing Fees
0.75% - 1.0%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes3 days loan processing time
Quick Approvals
Secured Loan
Upto ₹2CrProcessing Fees
0.75% - 1.0%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes5 days loan processing time
Quick Approvals
Secured Loan
Upto ₹2CrProcessing Fees
1.0% - 1.0%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes1 day loan processing time
Quick Approvals
Secured Loan
Upto ₹1CrProcessing Fees
1.0% - 1.5%Margin
NALoan Tenure
Upto 12 YearsEarly Repayment
NoLiving Cost
NoInternational Funds
5 days loan processing time
Quick Approvals
Secured Loan
No Upper LimitProcessing Fees
NAMargin
NALoan Tenure
Upto 20 YearsEarly Repayment
YesLiving Cost
YesPrivate Bank
5 days loan processing time
Quick Approvals
Secured Loan
Upto ₹2CrProcessing Fees
0.5% - 1.0%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes7 days loan processing time
Secured Loan
Upto ₹3CrProcessing Fees
0.25% - 1.0%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
Yes7 days loan processing time
Secured Loan
Upto ₹2CrProcessing Fees
0.5% - 1.0%Margin
NALoan Tenure
Upto 15 YearsEarly Repayment
NoLiving Cost
YesPSU
9 days loan processing time
Secured Loan
Upto ₹2CrProcessing Fees
NAMargin
NALoan Tenure
Upto 15 YearsEarly Repayment
YesLiving Cost
YesWhat our Students say about us
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 student loan in Germany. 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:
Looking forFaster and
streamlined Process?
100% Transparency
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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.
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.
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 a student loan 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 student loan in 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 forFaster and
streamlined Process?
100% Transparency
100% Free
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.
Education Loan for Germany without Collateral
As stated previously, obtaining a student loan in 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 no-collateral loans for international students in Germany. 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 an international student seeking a student loan in Germany, both before and after the loan is approved. Among them are -
Why Choose UniCreds?
UniCreds, unlike any other platform, makes securing student loans easy. Here are some of the reasons why receiving a student loan in 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 2023 rankings
Germany Rank 2023 | Universities | THE World University Ranking 2023 |
1 | Technical University of Munich | 30 |
2 | LMU Munich | 33 |
3 | Heidelberg University | 43 |
4 | Charité - Universitätsmedizin Berlin | 73 |
5 | Humboldt University of Berlin | =86 |
=5 | University of Tübingen | =86 |
7 | University of Bonn | 89 |
8 | Free University of Berlin | =91 |
9 | RWTH Aachen University | =99 |
10 | University of Freiburg | 113 |
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 -
- 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 scanned copies of the passport’s personal information page in A4 format.
- Two copies of the Visa Application Form - Fully filled & Signed.
- 2 copies of fully filled & signed declaration form for further contact and legal counsel details.
- Three biometric visa photos.
- Proof of acceptance into a German study programme or preparatory college. The letter must include information on the language of teaching for the courses.
- Evidence that you are at least B2-level fluent in the language of instruction. Please submit the original as well as two copies.
- Any academic credentials and certifications. Provide the original and two copies.
- Certificate issued by the APS (Academic Evaluation Centre)
- Your CV
- Evidence of financial means to sustain oneself throughout your stay.
- Travel Health Insurance.
- Demand Draft for the Student Visa fees.
Banks & NBFCs Offering Study Loans For Germany
Several banks & financial institutions offer education loan to study in Germany. Here’s a list of some of them
- Avanse Student Loans
- ICICI Bank
- Axis Bank
- HDFC Credila
- Auxilo
- InCred
- Bank of Baroda
- Credence
- Prodigy
- J&K Bank
Education Loan Options With Collateral In Germany
Particulars | Public Banks | Private Banks | NBFCs |
Lenders | SBI, BOB | Axis Bank | Avanse, Incred |
Loan Amount (INR | Upto 1.5 crore | Upto 60 lakhs | Upto 50 lakhs |
Interest Rate Rang | 8.85%-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
Features | Public Bank | Private Banks | NBFCs |
Lenders | State Bank of India (SBI), Bank of Baroda (BOB) | Axis Bank | Avanse, 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 Range | 10%-11% | 11.25%-12% | 12%-16% |
Processing Fees (INR) | NO | INR 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 Period | NO | Simple Interest | Simple Interest |
Frequently Asked Questions