Education Loan for students who wish to Study in Germany
Get your education loan without admitting and without any collateral! Why should I get my Loan to approve before Admission?
To reduce last minute hassle and save time during your visa process
Plan accordingly by knowing your eligibility in advance
For the better acceptance of the sanction letter over the solvency letter
To get a loan which documents have to be produced?
Complete application form
Photo ID (proof ID)
Income proof of co-applicant
Document of Immovable Property
What do the authorities look for when approving a loan?
Students academic background
University name and course type for which education loan is applied
In a few cases, collateral is offered against the Education Loan
How much is the interest rate?
This depends on the candidates profile requirement and financial background. This step will be discussed during the approval process.
Can I get a loan before getting confirmation from university?
Yes, before getting admission confirmation from the university you can apply for your education loan. Once your case is approved, you will get a conditional loan letter. This helps many students and parents to feel free and not to worry about the education cost.
If I have a work-experience does this make any difference while granting a loan?
Yes, your work-experience does make a positive impact while granting you a loan.
Does education loan is only for study not for other expenses?
Education loan allotted to you is complete education cost including your living expenses, tuition fees, books and periodicals and sometimes the travelling expenses also.