Student Loan for Germany
Get accustomed to the benefits, cost and opportunities
to study in the Germany
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Table of contents
Types of Student Loan for Germany
Secured Study Loan for Germany
Unsecured Study Loan for Germany
Security Needed: Commercial or residential property or assets
No security needed
Low rates of interest
High rates of interest
Long repayment tenure
Short repayment term
Choosing a loan can be hassle But we make it simpler
Education Expenses in Germany
Type of Cost
Average Cost in EUR
Tuition Fees
Public University: 250 to 300 EUR yearly Private University: 20,000 to 35,000 EUR yearly
Health Insurance
110 to 125 EUR monthly
Accommodation
350 to 800 EUR monthly
Transportation Cost
20 to 30 EUR monthly
Food and Groceries
140 to 268 EUR monthly
Utilities
200 to 250 EUR monthly
Understanding the Cost of Studying in Germany
Before applying for a student loan, it’s essential to know the average expenses you’ll face while studying in Germany. Public universities usually charge minimal tuition fees, but students must cover living expenses, which can range from €850 to €1,200 per month. This includes accommodation, food, health insurance, and transport. Indian students are also required to maintain a blocked account with approximately €11,208 annually. A student loan can help bridge these financial gaps, making it easier to focus on your studies without stress. Proper planning ensures a smooth academic journey in Germany.
Documents Required to Apply for a Student Loan for Studying in Germany
- Your KYC documents, which includes identity and address proof
- Academic records 10th, 12th, and bachelors marksheet
- Letter of Admission
- Fee structure from your university
- Co-Signer’s identity, address and income proof
- Scorecard of language proficiency tests
- Proof of blocked account fund
- Extra documents might be required if you opt for secure education loans
- Accepted security or collateral
- Proof of residential, or commercial property plots (All non-agricultural)
- FDs
Eligibility for Studies in German Universities
- You must be a resident of India.
- You should have secured admission from a college in Germany recognised by your loan provider.
- You should be minimum of 18 years of age.
- The course program you choose to pursue must be professional and job-oriented, which will help you repay the loan after completing your studies.
- You should have 11,208 EUR in your bank account, which will serve as the blocked account.
- You must have a finally stable co-signer who caters to the minimum income criteria set by your lender.
- You must show proof of your language proficiency via tests like IELTS, TOEFL, etc.
Top Colleges in Germany in 2025
- WHU – Otto Beisheim School of Management
- HHL Leipzig Graduate School of Management
- University of Mannheim
- Munich Business School
- Frankfurt School of Finance & Management
- European Business School Munich
- Jacobs University Bremen
Part-Time Jobs in Germany
Do you want to gain work experience while simultaneously working in Germany? You can work part-time as well as pursue your studies. Several part-time employment opportunities are available for international students. Chalk out separate time for work and studies and ensure both do not clash.
In addition to your student loan in Germany, you can work part-time and cover your education as well as living costs. Learn more about part-time work here.
Click below to learn more about part-time jobs available in the Germany.
What Can You Post Course Completion in Germany?
You can either explore ways to extend your stay or return home. What most students do is that they stay back to gain work experience. You can apply for the PSW, which is also called the Post Study Work Visa. But remember it is not a work visa, and you need to apply for a formal work visa after getting a job with your PSW.
The Post-Study Work Visa is only a temporary residence that lets you stay in Germany and look for employment opportunities. Let’s closely look at the various PSWs offered in Germany:
Type of Visa
Processing Time
Approximate Cost
Job-Seeker Visa
4 to 6 weeks
INR 9,700 (€100)
Residence Permit
6 to 12 weeks
INR 7,200 (€75)
EU Blue Card
1 to 3 months
INR 13,600 (€140)
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Everything you need to know
You first need to fill out the application form as per the given instructions to get an education loan for studying in England. Then attach the relevant documents and send the same to your loan provider.
Yes, education loans cover full tuition fees for the whole duration of your course. This ensures that you can concentrate on your academics without worrying much about finances.
Since educational institutes set the tuition fees, the education loan for UK is paid directly to them. If you are studying full-time, you can get approximately £9535, whereas if you are enrolled in an accelerated degree program, you can get around £11,440.