Education Loan for France
Education Loan to Study in France 2025
France is becoming an increasingly popular destination for Indian students, with over 6,000 currently studying there. The French government has set a goal to welcome 20,000 Indian students by 2025, offering excellent academic and cultural opportunities. From learning a second language to engaging in innovative research, studying in France can be a transformative experience. However, managing finances is crucial, and an education loan can help ease the financial burden. In this guide, we explore the education loan options available for studying in France.
Cost of Studying in France
France is an affordable study-abroad destination compared to the USA, UK, or Canada, thanks to government subsidies on public university tuition fees. Even private universities in France offer lower tuition costs than many other popular destinations.
Tuition fees for a Bachelor’s program are around EUR 2,770 per year, while a Master’s program costs approximately EUR 3,770 per year, along with a small administrative fee for international students. The cost of living varies by city but averages around EUR 1,100 per month.
The average cost of tuition fees for various programs offered in Australia is as follows:
| Expense | Average cost in EUR |
|---|---|
| Tuition fees |
Public University: 250 - 300 per year Private University: 20,000 - 35,000 per year |
| Health insurance | 110 - 125 Per Month |
| Accommodation | 350 - 800 per month |
| Transportation cost | 20 - 30 per month |
| Food | 140 - 265 per month |
| Utilities | 200 - 250 per month |
Eligibility Criteria For Education Loan In France
To secure an education loan for studying in France, applicants must meet the following criteria:
Students planning to study in Germany can opt for two types of education loans:
Must be at least 18 years old and an Indian citizen.
Admission to a recognized French university for a full-time program.
Strong academic record.
Good career prospects for unsecured loans or collateral for secured loans.
Expenses Covered In an Education Loan for France
An education loan for France typically covers:
Education Loan for Germany with Collateral
Tuition fees
Travel expenses
Caution deposit
Accommodation costs
Books, laptop, and stationery
Study tours and project work
Other essential expenses for course completion
Secured Education Loan for France
A secured education loan for France requires pledging collateral such as property, fixed deposits, or insurance. This type of loan offers benefits like lower interest rates, longer repayment periods, and higher loan amounts. Public sector banks are often preferred due to their favorable terms compared to private banks and NBFCs.
| Lender Name | Maximum Loan Amount (in INR) | Rate of Interest | Margin Money |
|---|---|---|---|
| SBI | Up to 1.5 Cr |
10.65% (for Girls), 11.50% (for Boys) |
10% |
| UBI | Up to 1.5 Cr |
10.5%, 10.85% |
10% (Listed University) 15% (Non Listed University) |
Unsecured Education Loan for France
An unsecured education loan for France does not require collateral, making it a preferred option for students without assets to pledge. However, the interest rates are usually higher than those of public sector banks. These loans are offered by private banks, NBFCs, and international lenders.
| Name | Maximum Loan Amount | Rate of Interest | Margin Money |
|---|---|---|---|
| Axis Bank | Up to 50 Lakhs INR | 11% - 13.50% | 5% |
| ICICI Bank | Up to 50 Lakhs INR | 10.85% - 12.50% | 0 - 15% |
| IDFC FIRST Bank | Up to 35 Lakh INR | 11.75% - 13.25% | Nil |
| HDFC Credila | Up to 20 Lakhs INR (Only STEM Courses) | 12% - 13% | Nil |
| Avanse | Up to 20 Lakhs INR (Only STEM Courses) | 12.75% - 13.25% | Nil |
| Prodigy Finance | Up to 100,000 USD | 12% - 14% | Nil |
Choosing The Best Lender
With multiple lender options available, selecting the best one can be overwhelming. To simplify the process, consider key factors that help compare lenders and choose the one that best suits your financial needs.
These documents may include:
Document Requirements For Student Loan In France
Now that you know how to choose the best lender, it is essential to understand the documents required to complete your loan application process seamlessly.
The required documents for an education loan to study in France include:
Admission letter from the university
Completed loan application form
Cost of study details
Identification and residence proof
PAN details
Bank statements of the student/co-borrower/guarantor
Asset statement of the student/co-borrower/guarantor
Proof of income of the student/co-borrower/guarantor
How To Get Education Loan for France?
Acquiring an education loan for France is a straightforward process. However, dealing with multiple lenders individually can be overwhelming.
Check your eligibility online.
Connect with a loan expert for guidance.
Get a customized document checklist.
Submit required documents as per lender guidelines.
Await verification (7-15 days), then sign the agreement.
Upon approval, funds are disbursed to your account or directly to the university.
Reasons Why You Should Study in France?
Although, if you’ve reached this far in the blog, there’s no need to convince you to study in France and explain why it’s a good study abroad destination.
The required documents for an education loan to study in France include:
In France, language barriers aren't a concern, as schools like the Paris School of Business offer programs entirely in English for international students.
In the 2022 Global University Employability Ranking, 18 French universities, including top business schools like HEC Paris and ESSEC, ranked highly.
The French government offers various scholarships to promote higher education for international students.
International students in France with valid student visas can work up to 964 hours per year, allowing them to take part-time jobs and supplement their finances.
France offers unique opportunities, such as learning a second language and studying specialized fields like fashion and filmmaking, making it a top choice for Indian students. Education financing experts can help with loan eligibility, finding the best lender, and providing a document checklist—all for free. Start your educational journey in France with expert guidance and make your dreams come true!
Frequently Asked Questions
In Germany, students can obtain an education loan of up to INR 1.5 Crore with a secured loan, which requires collateral, while unsecured loans offer funding of up to INR 50 Lakh without the need for security. These options provide flexibility in covering tuition fees, living expenses, and other educational costs, helping students manage their finances effectively while studying abroad.
You can get an unsecured education loan of up to 50 Lakhs to study in France.
International students with valid student visas can work up to 964 hours per year while studying in France.
Education Loan to Study in France 2025
France is becoming an increasingly popular destination for Indian students, with over 6,000 currently studying there. The French government has set a goal to welcome 20,000 Indian students by 2025, offering excellent academic and cultural opportunities. From learning a second language to engaging in innovative research, studying in France can be a transformative experience. However, managing finances is crucial, and an education loan can help ease the financial burden. In this guide, we explore the education loan options available for studying in France.
-
Cost of Studying in France
France is an affordable study-abroad destination compared to the USA, UK, or Canada, thanks to government subsidies on public university tuition fees. Even private universities in France offer lower tuition costs than many other popular destinations.
Tuition fees for a Bachelor’s program are around EUR 2,770 per year, while a Master’s program costs approximately EUR 3,770 per year, along with a small administrative fee for international students. The cost of living varies by city but averages around EUR 1,100 per month.
Eligibility Criteria For Education Loan In France
To secure an education loan for studying in France, applicants must meet the following criteria:
Let us understand them, one by one:
- Must be at least 18 years old and an Indian citizen.
- Admission to a recognized French university for a full-time program.
- Strong academic record.
- Good career prospects for unsecured loans or collateral for secured loans.
Expenses Covered In an Education Loan for France
An education loan for France typically covers:
- Tuition fees
- Travel expenses
- Caution deposit
- Accommodation costs
- Books, laptop, and stationery
- Study tours and project work
- Other essential expenses for course completion
Secured Education Loans for Australia
Public sector banks are the primary lenders offering secured education loans for universities in Australia. These loans require collateral but come with lower interest rates and favorable repayment terms.
Secured Education Loan for France
A secured education loan for France requires pledging collateral such as property, fixed deposits, or insurance. This type of loan offers benefits like lower interest rates, longer repayment periods, and higher loan amounts. Public sector banks are often preferred due to their favorable terms compared to private banks and NBFCs.
| Lender Name | Maximum Loan Amount (in INR) | Rate of Interest | Margin Money |
|---|---|---|---|
| SBI | Up to 1.5 Cr |
10.65% (for Girls), 11.50% (for Boys) |
10% |
| UBI | Up to 1.5 Cr |
10.5%, 10.85% |
10% (Listed University) 15% (Non Listed University) |
Unsecured Education Loan for France
An unsecured education loan for France does not require collateral, making it a preferred option for students without assets to pledge. However, the interest rates are usually higher than those of public sector banks. These loans are offered by private banks, NBFCs, and international lenders.
| Name | Maximum Loan Amount | Rate of Interest | Margin Money |
|---|---|---|---|
| Axis Bank | Up to 50 Lakhs INR | 11% - 13.50% | 5% |
| ICICI Bank | Up to 50 Lakhs INR | 10.85% - 12.50% | 0 - 15% |
| IDFC FIRST Bank | Up to 35 Lakh INR | 11.75% - 13.25% | Nil |
| HDFC Credila | Up to 20 Lakhs INR (Only STEM Courses) | 12% - 13% | Nil |
| Avanse | Up to 20 Lakhs INR (Only STEM Courses) | 12.75% - 13.25% | Nil |
| Prodigy Finance | Up to 100,000 USD | 12% - 14% | Nil |
Choosing The Best Lender
With multiple lender options available, selecting the best one can be overwhelming. To simplify the process, consider key factors that help compare lenders and choose the one that best suits your financial needs.
Document Requirements For Student Loan In France
Now that you know how to choose the best lender, it is essential to understand the documents required to complete your loan application process seamlessly.
The required documents for an education loan to study in France include:
- Admission letter from the university
- Completed loan application form
- Cost of study details
- Identification and residence proof
- PAN details
- Bank statements of the student/co-borrower/guarantor
- Asset statement of the student/co-borrower/guarantor
- Proof of income of the student/co-borrower/guarantor
How To Get Education Loan for France?
Acquiring an education loan for France is a straightforward process. However, dealing with multiple lenders individually can be overwhelming.
- Check your eligibility online.
- Connect with a loan expert for guidance.
- Get a customized document checklist.
- Submit required documents as per lender guidelines.
- Await verification (7-15 days), then sign the agreement.
- Upon approval, funds are disbursed to your account or directly to the university.
Reasons Why You Should Study in France?
Although, if you’ve reached this far in the blog, there’s no need to convince you to study in France and explain why it’s a good study abroad destination.
The required documents for an education loan to study in France include:
- In France, language barriers aren't a concern, as schools like the Paris School of Business offer programs entirely in English for international students.
- In the 2022 Global University Employability Ranking, 18 French universities, including top business schools like HEC Paris and ESSEC, ranked highly.
- The French government offers various scholarships to promote higher education for international students.
- International students in France with valid student visas can work up to 964 hours per year, allowing them to take part-time jobs and supplement their finances.
France offers unique opportunities, such as learning a second language and studying specialized fields like fashion and filmmaking, making it a top choice for Indian students. Education financing experts can help with loan eligibility, finding the best lender, and providing a document checklist—all for free. Start your educational journey in France with expert guidance and make your dreams come true!
Frequently Asked Questions
In Germany, students can obtain an education loan of up to INR 1.5 Crore with a secured loan, which requires collateral, while unsecured loans offer funding of up to INR 50 Lakh without the need for security. These options provide flexibility in covering tuition fees, living expenses, and other educational costs, helping students manage their finances effectively while studying abroad.
You can get an unsecured education loan of up to 50 Lakhs to study in France.
To improve your eligibility for an education loan to study in France:
- Maintain strong academic performance.
- Get accepted into top universities in France.
- Show a solid financial profile.
- Demonstrate stable post-study employment prospects.
International students with valid student visas can work up to 964 hours per year while studying in France.
Education Loan for USA
In order to apply for i20 you need to furnish bank balance proof of the last 24 hours / 1 day. However, if you have an Education Loan sanction letter, you do not show this balance for 24 hours.
Hence you can straight away apply for i20 & speed up the VISA process. Both – Secured & Unsecured – loans are accepted for higher studies in the USA.
Pursue Your Dream Degree in USA
The USA is a top study destination for international students, offering prestigious universities and a wealth of opportunities. In the 2021/2022 academic year, over 199,000 Indian students chose the USA for higher education, reflecting its immense popularity.
One key reason for this preference is the global career prospects available after earning a degree. Tuition fees vary across programs, with international graduate students paying an average of USD 39,000 annually. Education loans are an ideal solution to cover tuition, living costs, and other expenses. Moreover, these loans also serve as valid proof of funds for US student visas, simplifying the application process.
Education Loan Eligibility for USA
To obtain an abroad education loan in USA as an international student, there are specific conditions/eligibility criteria that need to be fulfilled.
These consist of:
Good academic record.
Collateral for secured loans.
Co-applicant with sufficient income for unsecured loans.
Acceptance into a recognized American institution for a full-time program.
Documents Required for Education Loan USA
Apart from meeting the eligibility criteria, students must ensure they have all the necessary documents ready before applying for an education loan to study in the USA. The document checklist can be extensive, but a personalized checklist can help streamline the process and speed up submission.
Commonly required documents for securing a study abroad loan for the USA include:
Loan application form
Passport-size photographs
KYC documents of the applicant
Standardized test scores (GMAT or GRE)
Academic transcripts (School and Bachelor’s)
Frequently Asked Questions
Candidates can get a UBI education loan without an account, even if parents are deceased, with simple EMI calculations and no prepayment fees.
To secure an education loan for the USA, you need an acceptance letter from a U.S. institution and a valid student visa. Most lenders require a cosigner who is a U.S. permanent resident with good credit and at least two years of residency.
Interest rates are based on benchmarks like the Prime Rate or SOFR, plus a margin determined by the borrower’s or cosigner’s creditworthiness.
Repayment options include full deferral, interest-only payments during studies, or immediate repayment. Terms typically range from 10 to 15 years.
Yes, unsecured loans are available and rely on creditworthiness. These may require a cosigner or a third-party guarantor.
Loans in the USA have interest rates between 8% and 19%, while home country loans often have rates around 10.25%, potentially making them a more cost-effective option.
Frequently Asked Questions
Candidates can get a Canada education loan without an account, even if parents are deceased, with simple EMI calculations and no prepayment fees.
To secure an education loan for the USA, you need an acceptance letter from a U.S. institution and a valid student visa. Most lenders require a cosigner who is a U.S. permanent resident with good credit and at least two years of residency.
Interest rates are based on benchmarks like the Prime Rate or SOFR, plus a margin determined by the borrower’s or cosigner’s creditworthiness.
Repayment options include full deferral, interest-only payments during studies, or immediate repayment. Terms typically range from 10 to 15 years.
Yes, unsecured loans are available and rely on creditworthiness. These may require a cosigner or a third-party guarantor.
Loans in the USA have interest rates between 8% and 19%, while home country loans often have rates around 10.25%, potentially making them a more cost-effective option.