• 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?

    1. To reduce last minute hassle and save time during your visa process
    2. Plan accordingly by knowing your eligibility in advance
    3. For the better acceptance of the sanction letter over the solvency letter

  • To get a loan which documents have to be produced?

    1. Complete application form
    2. Photos
    3. Photo ID (proof ID)
    4. Residence Proof
    5. Academic Documents
    6. Bank Statement
    7. Admission Proof
    8. Income proof of co-applicant
    9. Document of Immovable Property

  • What do the authorities look for when approving a loan?

    1. Students academic background
    2. University name and course type for which education loan is applied
    3. In a few cases, collateral is offered against the loan

    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.

  • How much time it will take to approve a loan?

    There are two phases for a loan application:

    1. In-principle sanction
    2. Disbursement Fund

    For an in-principal letter, this will be given in 7-10 days from the date of receipt with the completed application form and is attached with supporting documents from the customer.
    The disbursement will complete within 7 days from the date of receipt of all post documents. Completion of the post-sanction process is to be done by the customer.

  • 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.