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Education Loan for Germany

Get up to Rs 40 Lakhs for your Studies Abroad in Germany within 3 days at Zero Service Charges!!

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100+ Cr
Disbursed
10+
Banks & NBFC
15+
Countries
3 days
Average Time
ICICI Bank Logo

Interest Rate

starts 10.95%

Amount

Upto ₹100 Lacs

Processing Fee

1% - 2%

Type

Bank

Loan Tenure

12 years

Tax Benefits

Yes

7 days processing time
ICICI Bank Logo

Interest Rate

starts 9.5%

Amount

Upto ₹35 Lacs

Processing Fee

1% - 2%

Type

Bank

Loan Tenure

15 years

Tax Benefits

Yes

5 days processing time
Union Bank Logo

Interest Rate

starts 9.30%

Amount

Upto ₹40 Lacs

Processing Fee

₹0

Type

Bank

Loan Tenure

15 years

Tax Benefits

Yes

15 days processing time
Axis Bank Logo

Interest Rate

starts 10%

Amount

Upto ₹75 Lacs

Processing Fee

2%

Type

Bank

Loan Tenure

15 years

Tax Benefits

Yes

10 days processing time
HDFC Credila Logo

Interest Rate

starts 10.5%

Amount

Upto ₹50 Lacs

Processing Fee

1% - 1.5%

Type

NBFC

Loan Tenure

15 years

Tax Benefits

Yes

4 days processing time
Auxilo Logo

Interest Rate

starts 10.5%

Amount

Upto ₹40 Lacs

Processing Fee

1% - 2%

Type

NBFC

Loan Tenure

10 years

Tax Benefits

No

3 days processing time
avanse Logo

Interest Rate

starts 10.5%

Amount

Upto ₹40 Lacs

Processing Fee

1% - 1.5%

Type

NBFC

Loan Tenure

15 years

Tax Benefits

No

4 days processing time
InCred Logo

Interest Rate

starts 11%

Amount

Upto ₹30 Lacs

Processing Fee

1% - 1.5%

Type

NBFC

Loan Tenure

15 years

Tax Benefits

No

4 days processing time

Education Loan for Study in Germany

The Universities and Colleges of the United Kingdom are quite famous and at the top Universities list of many surveyors. Many students prefer to study in top universities in the Germany and work in top-class companies after that. To get a Germany Study Visa, you must fulfil the minimum fund requirements for University Fees, Living Expenses, Health Insurance and Travel costs. You need solid evidence to back the source of funds available for the study in the Germany. Education Loan is the most popular, immigration-acceptable and trustable source of funds. Our team will help you get the necessary funds in minimal time and documentation.

Eligibility Criteria for Germany Education Loan

Many Banks and NBFCs provide Education loans to students wanting to study in Germany. To be eligible for it, you must fulfil the following eligibility criteria.

  • The applicant must be an Indian.
  • The applicant must secure admission or have already applied to a recognized university/college in Germany.
  • The financial institution must recognize the degree/course.
  • The Co-Applicant must be an Indian and should have an earning source.

Education Loan for Germany Blocked Account

The public universities in Germany are free for international students, so many students are wondering how to get an education loan for a blocked account. And here is Abroad Cube to help you out. The required amount for the blocked account is €11,208, equivalent to around Rs 10 Lakh. So, you can demand Rs 10 Lakh to Rs 12 Lakh for your studies in Germany. The Education Loan for a blocked account is available for Indian students in two categories: UnSecured and Secured. In the secured education loan, you must provide collateral such as property or a fixed deposit as a guarantee. In unsecured, the financial institution grants an education loan based on an applicant's and co-applicants earnings and reliability. The unsecured education loan is quite famous and chosen by most students intending to study in Germany. So apply for an Education Loan and fulfill your dreams.

At Abroad Cube, we have partnered with more than 10 banks and NBFCs to ease your education loan application and check the eligibility of all banks and NBFCs in a single application. As a welcome offer, we also give up to Rs 10,000 cashback on every successful education loan. You can also refer your friends to Abroad Cube and get extra cashback.

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Searching for a Quick and Best Study Loan for Germany

Connect with our Education Loan Expert and get your application processed within 3-4 working days*

Documents required for Germany Study Loan

The applicant must share these documents to obtain an education loan in India. Almost all financial institutions have similar requirements regarding the documentation part. Depending on the applicant's profile, they may ask you for more documents, but here are the common list of documents.

UnSecured Study Loan by Indian Lenders
  • Passport, Aadhar Card and PAN Card of Applicant
  • Academic Documents
  • English Language proficiency test results (e.g. IELTS, TOEFL, PTE)
  • Qualifying results (e.g. GMAT, GRE) [if applicable]
  • Experience Letter & Salary Slips of Applicant [if working]
  • Aadhar Card and PAN Card of Co-Applicant
  • Income Proof such as Salary Slips, GST Certificate, Business registration etc., of Co-Applicant.
  • Bank Statements of Co-Applicant
Secured Study Loan by India Lenders
  • Passport, Aadhar Card and PAN Card of Applicant
  • Academic Documents
  • English Language proficiency test results (e.g. IELTS, TOEFL, PTE)
  • Qualifying results (e.g. GMAT, GRE) [if applicable]
  • Experience Letter & Salary Slips of Applicant [if working]
  • Aadhar Card and PAN Card of Co-Applicant
  • Income Proof such as Salary Slips, GST Certificate, Business registration etc., of Co-Applicant.
  • Bank Statements of Co-Applicant
  • Collateral documents such as Property registration or Fixed Deposit receipts
Document Checklist

Cost to Study Abroad in Germany ?

Germany is known for its Free Education to all Domestic and International Students in public universities across the nation. Private universities have expensive tuition fees, some of which are considered superior to public universities.

Private Universities They are chargeable and expensive for international students. Along with tuition fees, you have to think about the Blocked account deposit of €11,208.

Public Universities: They are free for all students regardless of their nationality. They are expected to pay around €250-€400 per semester as University registration fees. But still, they have to prove minimum funds availability by opening a blocked account and depositing a minimum of €11,208 for living expenses.

Getting admission to public universities is quite hard compared to private universities due to low tuition fees and education standards. So they admit merit-based students only. In both cases, you need a minimum of around Rs 12 Lac to pursue higher studies in Germany. Our team will help you get an Education Loan from reputed and trustable lenders for your tuition fee and blocked account.

Things that an Germany Education loan covers

To Study in Germany, a student has to bear many mandatory expenses, such as

  • University/College Fees (approx €250 - €40,000)
  • Living Expenses (€11,208 as per Government)
  • Travel Expenses (One-way flight costs about €800)
  • Health Insurance (about €1500/yearly)
  • Other research, thesis, and project-work-related expenses (vary)

That's huge. I know, but don't worry; an education loan for Australia covers all expenses required for a smooth visa process. Abroad Cube will help you to get 100% finances for your expenses in Australia while studying.

Types of Germany Education Loan

UnSecured Education Loan

The most chosen option by study abroad aspirants is an unsecured education loan because it requires no collateral or security. The eligibility is based on University Ranking, Course type, Student Academics, Financial History and income of Co-Applicant. Being faster and more accessible compared to a Secured Education Loan, it is quite famous among students. The interest rate starts at 9.30% and varies based on the complete application. The decision process takes 3-4 days on average if the bank has complete documentation.

Secured Education Loan

Being slightly long but equally rewarding, the Secured Education Loan is chosen by Students looking for a better interest rate or failing to meet an Unsecured Loan's eligibility criteria. The bank may take a long time to process the application because of Legal and Technical security requirements. The Collateral is generally a property such as a Home, Shop or Building or a Fixed Deposit. The interest rate starts at 9% and has easier eligiblity criteria.

Tips for Choosing the Best Education Loan for Germany

Choosing the best education loan for Study in the Germany is important to avoid stress and save on your funds. Here are some tips to ace the Education Loan journey.

  • Choose the right repayment method - Make a wise decision when choosing the best applicable repayment method. A small change in repayment method can help you save more than Rs 5 Lacs.
  • Go for an Indian Lender if eligible - If you have a good-earning Co-Applicant, go for an Indian Bank or NBFC instead of an International Lender to save on interest rates and processing fees.
  • Cross-Check the Sanction Conditions - Before paying the processing fees, cross-check the Sanction Conditions. Some conditions include proof of funds or a fixed deposit.
  • Confirm the Moratorium period - Check with the Lender Representative to confirm the Moratorium and grace period. The grace period ranges from 0 to 12 months based on the Loan Terms and Conditions.
  • Apply to multiple banks/NBFCs for the best offer: Always apply to at least 2-3 banks/NBFCs to avoid last-minute rejection, and compare quotes from different lenders to choose the best one.

Why choose Abroad Cube for Germany Education Loan ?

If you are looking for an Education Loan, you are in the right place. We will help you get funds for your dream of studying in Germany from the world's best universities.

Higher Chances of Approval

When applying for an education loan through Abroad Cube, you can expect higher chances of approval as our expert will verify the documents before submission and suggest better alternatives for higher approval.

Low Processing Time

Using the latest technology and years of experience, we expedite the application process by 65%, reducing overall processing time. Applying using the exact required documents with the eligible lender is the key to getting an application processed in record processing time.

Personalized Document Checklist

Our Education Loan Expert will send you a Personalized Document Checklist, removing all unnecessary documents, easing the process and giving you peace of mind.

Negotiation on Interest Rate & Processing Fees

We will help you get Comparable, Negotiated and best-suited Education Loan deals, saving you up to Rs 3 Lakhs. The major negotiable components are Interest Rate and Processing Fees.

Free Education Loan Assistance

We are not charging any service fees for helping with the Study Abroad Education Loan. Also, there are no hidden fees involved, which is guaranteed. For each approval, we get paid a referral fee by concerned Banks and NBFCs without any additional charge to students.

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You can contact us anytime to apply for an Education Loan or to resolve your doubts

Disclaimer: Any Bank/NBFC/Financial Institution does not endorse, promote, review or warrant the accuracy of the product or services offered by Abroad Cube. This platform is independently run by a team of experts.
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