Education Loan for Germany

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.

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.

• Passport, Aadhar Card and PAN Card of Applicant
• Academic Documents & English Language proficiency test results (e.g. IELTS, TOEFL, PTE etc.) [if applicable]
• Offer Letter from an Germany University/College or proof of application
• Aadhar Card and PAN Card of Co-Applicants
• Income Proof such as Salary Slips, GST Certificate, Business registration etc., of Co-Applicants.
• Bank Statements of both Applicant and Co-Applicants
• Collateral documents such as Property registration or Fixed Deposit receipts (if available).

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.

Why Abroad Cube ?

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 - On 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.
• Zero Charges - We help you apply for an Education Loan at Zero costs
• Online Process - With Abroad Cube, applying for an Education Loan is entirely Online. You must submit all the required documents online, and we will send them to the concerned Bank of NBFC. Our system is designed to handle your education loan application online with timely updates.
• Quicker Sanctions - Our education loan partners have lower processing times. Our expert will verify the documents before submission to avoid processing delays.
• Cashbacks and Offers - You will get up to Rs 10,000 cashback when you apply for an Education Loan through Abroad Cube