Education Loan for France
Get accustomed to the benefits, cost and opportunities
to study in France
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France is the 8th most popular academic destination in the world and 5th in Europe, drawing the attention of many students worldwide. It is one of the highly preferred destinations for abroad studies and is renowned for its incredible education system and programs. Although the French Government looks after higher studies expenses in public colleges, the education expenses at private universities as well as living expenses might be worrisome. But do not worry, there is a solution. Scholarships or education loans for France can assist you financially to help you fulfil your goals and turn your dreams into reality.
Types of Education Loan for France
There are primarily two types of student loans for studying in France, which are discussed below:
- Secured Education Loan
According to its name, a secured education loan is secured with collateral. These types of loans usually have low interest rates and need collateral in the form of security.
- Unsecured Education Loan
An unsecured study loan highly differs from a secured education loan for France. You do not need to give any asset as security. These types of loans generally have high interest rates.
Choosing a loan can be hassle But we make it simpler
Cost of Studying in France for International Students
The table below highlights the education expenses you will incur as an international student:
| Cost | Approximate Expenses Per Month |
|---|---|
| Tuition Fees | Rs. 23,185 and Rs.31,557 (EUR 237.50 and EUR 323.25) |
| Accommodation | Rs. 85K (EUR 900) |
| Utilities | Rs. (EUR 189) |
| Internet | Rs. 3K (EUR 30) |
| Transportation | Rs. 6K (EUR 64) |
| Fitness/Gym | INR 3K (EUR 35) |
| Groceries | INR 28K (EUR 300) |
| Leisure | INR 26K (EUR 280) |
| Health Insurance | INR 3.7K (EUR 40) |
Expenses Covered by an Education Loan for France
A student loan for studying in France covers all expenses, from tuition fees and accommodation to books, supplies and utilities. Here is a quick breakdown of the cost of education covered by education loan for France:
- Tuition charges
- Accommodation (both on-campus or off-campus).
- Examination charges, library, and laboratory charges.
- Books, study materials, supplies, stationery, transportation costs, uniforms.
- Miscellaneous costs such as study tours, thesis, project work, etc
- Utilities, food, and groceries
- Travel and recreational expenses
Eligibility Criteria for Education Loan for France
Interested in going to France and completing your higher studies? But first, you need to meet the eligibility requirements for an education loan:
- You should be an Indian citizen.
- Your age must be over 18 years
- You should have applied for admission to a recognised French college for a full-time course
- Your academic record must be exceptional.
- Full-time students must have a family member as the co-applicant
- You must have a degree from a recognised Indian college or high school.
Documents Required to Secure an Education Loan for France
Now that you know the eligibility criteria for an education loan to study in France, you must be wondering about which documents to submit. Here is a list of documents that you need to submit for securing an education loan for France:
- Admission letter from your preferred college
- Filled in loan application form
- A document showing the cost of education
- Identity proof (Passport, Voter ID, Aadhaar Card, Driving License)
- Proof of address (Utility Bills, Aadhaar Card, Ration Card)
- PAN details
- Bank statements of the main applicant, guarantor, and co-applicant
- Statement of assets of the student, co-signer, as well as guarantor
- Income proof of the main applicant, guarantor, and co-borrower
Application for an Education Loan for France (Step-by-Step Guide)
Getting approved for a study loan for France is a simple process, but interacting with numerous loan providers can be overwhelming. To simplify the whole process, Qck Loans offers a streamlined process to apply for a study loan. Below are the steps to apply for an education loan for France:
- Check whether you are eligible or not for a study loan on our platform.
- If you are eligible connect with a loan counsellor who will guide, you on further steps.
- Apply for the loan and attach your documents. You will get a list of documents after consulting with our loan counsellor.
- Submit your application and documents.
- Wait for verification. Once your lender approves your application, you will be notified.
- You will get the funds. The tuition fees and administrative charges will be sent directly to your university.
Repayment Tenure of Education Loan for France
While you can get a study loan within weeks, repayment is a long-term commitment, spanning up to 15 years. Hence, you must be aware of the repayment tenure for education loan for France. To help you make a sound decision, here is a list of the repayment tenures of some prominent education loan providers:
| Name of Loan Provider | Repayment Tenure |
|---|---|
| HDFC Credila | Up to 15 Years |
| Avanse Financial Services | Up to 15 Years |
| ICICI Bank | Up to 10 Years |
| Incred | Up to 15 Years |
| Prodigy Finance | Up to 15 Years |
| MPOWER Financing | Up to 15 Years |
| Auxilo Finance | Up to 15 Years |
Part-Time Jobs in France
When you go to France to pursue your studies, living costs like food, accommodation, and transport add up swiftly. Although you have a study loan from Qck Loans, there are some expenses that it won’t cover. This is why many of you opt for part-time jobs. Here’s a list of the part-time jobs available in France:
| Popular Job Opportunities in France | Average Base Salary |
|---|---|
| Freelance Digital Jobs | EUR 27 |
| Private Tutor | EUR 24 |
| Translator | EUR 21 |
| Uber Driver | EUR 19 |
| Tour Guide | EUR 18 |
| Event Staff | EUR 15 |
| Salesman | EUR 15 |
| Supermarket Cashier | EUR 13 |
| Waiter | EUR 12 |
| Babysitting | EUR 11 |
What to Do After Completing Education in France?
If you have enrolled in a short-term course, you cannot stay back in the country. You have to return to your home country, but you can apply for a regular study visa again. If you hold a long-term visa and have completed your course, you can apply for a Temporary Residence Permit. The permit lets foreign students stay in the country for a year. During this time, you can search for a job. When the Temporary Residence Permit expires, you need to change your status and apply for a residence permit.
You can also apply for the Talent Passport, which is a multi-year residence permit and acts as a work permit. This lets you engage in any professional activity, but you be working full-time with a French employer to be eligible for a Talent Passport.
Our free tools will help you out
Our advanced tools, such as the EMI calculator and loan eligibility checker, streamline the process of obtaining quick student loans for studying abroad by eliminating complex procedures.
EMI Calculator
Determine your EMIs and repayment schedules before committing to a student loan.
EMI Calculator
Determine your EMIs and repayment schedules before committing to a student loan.
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Everything you need to know
The cost of studying in France is more reasonable than in many European nations. Public colleges have low tuition fees and the living expenses depend on which country you stay.
If you hold a valid study visa, you can engage in professional activities for up to 964 hours a year.
Study loans cover full administrative and tuition charges of your course duration, ensuring you focus on your education without stressing about how you will manage finances.