Education Loan for Netherlands 2025: A Complete Guide
The Netherlands is becoming a popular study-abroad destination, with a 12% rise in international student admissions in 2021-22. According to the Indian Ministry of External Affairs, over 1,900 Indian students enrolled during this period, and the numbers are expected to grow.
While studying in the Netherlands is more affordable than in the USA, UK, or Canada, financial support is still necessary. This guide will help you understand how to manage your study expenses in the Netherlands.
Cost of Education in the Netherlands
Before exploring loan options, it’s essential to understand the expenses involved in studying in the Netherlands. The overall cost includes two main components: tuition fees and the cost of living. The tuition fees for various programs in the Netherlands are outlined in the table below.
Cost to Study in Netherlands
| Program Name | Tuition Fees per year |
|---|---|
| Bachelor’s Degree | 6,000 EUR - 15,000 EUR |
| Master’s Degree | 8.000 EUR - 20,000 EUR |
Cost to Living in Netherlands
| Expense | Cost (Monthly) |
|---|---|
| Accommodation | 400 EUR -1000 EUR |
| Food | 150 EUR - 170 EUR |
| Transportation | 40 EUR – 80 EUR |
| Internet | 30 EUR – 50 EUR |
| Miscellaneous | 150 EUR – 200 EUR |
| Total Expenses | 770 EUR - 1500 EUR |
Eligibility Criteria For Education Loan in Netherlands
Understanding the eligibility criteria is crucial for securing an education loan. While specific requirements vary by lender, the general criteria include:
Be an Indian citizen and at least 18 years old.
Enroll in a full-time program at a recognized Dutch university.
Have taken an English proficiency test.
Provide a financial co-applicant with strong career prospects for unsecured loans.
Offer collateral equal to or exceeding the loan amount for secured loans
Documents Required Education Loan for Netherlands
A set of documents are required in order to proceed with your loan application for the Netherlands. Below are some of the documents that you may need for getting the loan.
To apply for an education loan, you’ll need the following documents:
Admission letter from the university
Completed loan application form
Study expense details
Proof of identity and residence
PAN details of the applicant
Bank statements of the guarantor/co-borrower/student
Asset statements of the guarantor/co-borrower/student
Income proof of the guarantor/co-borrower/student
Secured education loan for Netherlands
A secured education loan requires collateral such as property, fixed deposits, or insurance policies. These loans offer benefits like lower interest rates, longer repayment periods, and higher loan amounts. Public sector banks are preferred over private banks and NBFCs due to their favorable terms, including larger loan limits and better interest rates.
Some of the most popular ones include:
| 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 Cr | 10.5% - 10.85% | 10%(listed university) 15%(non-listed university) |
Repayment Plan for Secured Loans in Netherlands
Secured loans in the Netherlands offer a 15-year repayment tenure, including a moratorium covering the study period plus one year. For instance, a ₹25 lakh loan at an 8.5% interest rate with a 10-year repayment term begins repayment after the moratorium ends.
| Repayment schedule | EMI | Interest portion | Loan Outstanding | Principal portion |
|---|---|---|---|---|
| End of 1st year | 34317 | 18418 | 15899 | 2584254 |
| End of 2nd year | 34317 | 17012 | 17305 | 2384444 |
| End of 3rd year | 34317 | 15483 | 18834 | 2166972 |
| End of 4th year | 34317 | 13818 | 20499 | 1930278 |
| End of 5th year | 34317 | 12006 | 22311 | 1672662 |
| End of 6th year | 34317 | 10034 | 24283 | 1392275 |
| End of 7th year | 34317 | 7888 | 26430 | 1087105 |
| End of 8th year | 34317 | 5551 | 28766 | 754960 |
| End of 9th year | 34317 | 3009 | 31308 | 393457 |
| End of 10th year | 34317 | 241 | 34076 | 0 |
Banks that Offer Unsecured loan for Netherlands
Unsecured education loans for the Netherlands do not require collateral but come with higher interest rates than public sector banks. Students can choose from private banks, NBFCs, or international lenders, each offering different loan terms and benefits.
| Lender 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 Lakhs 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 |
Repayment Plan for Unsecured Loans in Netherlands
After the moratorium period, repayment begins with monthly installments over a 10-year term. For example, if you borrow ₹35 lakhs at an 11.25% interest rate, your repayment schedule will follow these terms.
| Repayment schedule | EMI | Interest portion | Loan Outstanding | Principal portion |
|---|---|---|---|---|
| End of 1st year | 58684 | 37462 | 21222 | 3974695 |
| End of 2nd year | 58684 | 34947 | 23737 | 3703962 |
| End of 3rd year | 58684 | 32135 | 26549 | 3401152 |
| End of 4th year | 58684 | 28989 | 29695 | 3062462 |
| End of 5th year | 58684 | 25471 | 33214 | 2683643 |
| End of 6th year | 58684 | 21535 | 37149 | 2259938 |
| End of 7th year | 58684 | 17134 | 41550 | 1786031 |
| End of 8th year | 58684 | 12210 | 46474 | 1255972 |
| End of 9th year | 58684 | 6704 | 51980 | 663109 |
| End of 10th year | 58684 | 545 | 58139 | 0 |
Choose Best Lender For Education Loan For Netherlands
We understand that having more choices can make it complicated to choose the right lender. However, don’t worry! We have prepared a list of factors that can assist you in comparing lenders and finding the one that aligns best with your needs.
Selecting the right lender can be challenging, but key factors can help in comparison:
Interest Rate
Processing Fee & Time
Margin Money
Moratorium Period
Tax Benefits
Covered Expenses
Loan Duration
Prepayment Terms
Apart from all the above variables that you can use to compare lenders there are some points mentioned below that you may also like to consider before finalizing your lender. They are –
Secured loans offer higher amounts, lower interest rates, and better coverage.
Unsecured loans are easier to apply for; private banks (Axis, ICICI) offer favorable terms, while NBFCs are an alternative if banks reject the application.
If no financial co-applicant is available, an international lender may be necessary.
Application Process of Education Loan For Netherlands
Securing an education loan for the Netherlands is simple but managing multiple lenders can be overwhelming.
The process includes:
Check Eligibility on the lender’s platform.
Connect with a Loan Expert for guidance.
Receive a Document Checklist for easy organization.
Submit Required Documents as per lender guidelines.
Await Verification (7-15 days), sign the agreement, and track progress.
Loan Disbursement follows, with funds sent to your account or university.
Why you should choose Netherlands to study Abroad
The Netherlands is a top study destination due to its affordability, globally recognized degrees, and excellent career opportunities.
Key benefits include:
Affordable Education compared to other European countries.
English-Taught Programs, making it accessible to international students.
Globally Recognized Degrees, opening career opportunities worldwide.
Growing Job Market, with a strong economy post-pandemic.
Work While Studying, allowing students to work up to 16 hours per week.
Frequently Asked Questions
The maximum unsecured education loan for studying in the Netherlands is up to ₹50 lakhs, varying based on the application and university.
Students need around €10,732 (₹10 lakh) to cover living expenses for the first year in the Netherlands.
An English proficiency test is required for admission to Dutch universities, with IELTS being the most widely accepted option.
To study in the Netherlands, you must be at least 18, have a strong academic record, meet English proficiency requirements, and score well in GRE or GMAT if required by the university.
Education Loan for Netherlands 2025: A Complete Guide
The Netherlands is becoming a popular study-abroad destination, with a 12% rise in international student admissions in 2021-22. According to the Indian Ministry of External Affairs, over 1,900 Indian students enrolled during this period, and the numbers are expected to grow.
While studying in the Netherlands is more affordable than in the USA, UK, or Canada, financial support is still necessary. This guide will help you understand how to manage your study expenses in the Netherlands.
Cost of Education in the Netherlands
Before exploring loan options, it’s essential to understand the expenses involved in studying in the Netherlands. The overall cost includes two main components: tuition fees and the cost of living. The tuition fees for various programs in the Netherlands are outlined in the table below.
Cost to Study in Netherlands
| Program Name | Tuition Fees per year |
|---|---|
| Bachelor’s Degree | 6,000 EUR - 15,000 EUR |
| Master’s Degree | 8.000 EUR - 20,000 EUR |
Cost to Living in Netherlands
| Expense | Cost (Monthly) |
|---|---|
| Accommodation | 400 EUR -1000 EUR |
| Food | 150 EUR - 170 EUR |
| Transportation | 40 EUR – 80 EUR |
| Internet | 30 EUR – 50 EUR |
| Miscellaneous | 150 EUR – 200 EUR |
| Total Expenses | 770 EUR - 1500 EUR |
Eligibility Criteria For Education Loan in Netherlands
Understanding the eligibility criteria is crucial for securing an education loan. While specific requirements vary by lender, the general criteria include:
- Be an Indian citizen and at least 18 years old.
- Enroll in a full-time program at a recognized Dutch university.
- Have taken an English proficiency test.
- Provide a financial co-applicant with strong career prospects for unsecured loans.
- Offer collateral equal to or exceeding the loan amount for secured loans.
Documents Required Education Loan for Netherlands
A set of documents are required in order to proceed with your loan application for the Netherlands. Below are some of the documents that you may need for getting the loan.
To apply for an education loan, you’ll need the following documents:
- Admission letter from the university
- Completed loan application form
- Study expense details
- Proof of identity and residence
- PAN details of the applicant
- Bank statements of the guarantor/co-borrower/student
- Asset statements of the guarantor/co-borrower/student
- Income proof of the guarantor/co-borrower/student
Secured education loan for Netherlands
A secured education loan requires collateral such as property, fixed deposits, or insurance policies. These loans offer benefits like lower interest rates, longer repayment periods, and higher loan amounts. Public sector banks are preferred over private banks and NBFCs due to their favorable terms, including larger loan limits and better interest rates.
Some of the most popular ones include:
| 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 Cr | 10.5% - 10.85% | 10%(listed university) 15%(non-listed university) |
Repayment Plan for Secured Loans in Netherlands
Secured loans in the Netherlands offer a 15-year repayment tenure, including a moratorium covering the study period plus one year. For instance, a ₹25 lakh loan at an 8.5% interest rate with a 10-year repayment term begins repayment after the moratorium ends.
| Repayment schedule | EMI | Interest portion | Loan Outstanding | Principal portion |
|---|---|---|---|---|
| End of 1st year | 34317 | 18418 | 15899 | 2584254 |
| End of 2nd year | 34317 | 17012 | 17305 | 2384444 |
| End of 3rd year | 34317 | 15483 | 18834 | 2166972 |
| End of 4th year | 34317 | 13818 | 20499 | 1930278 |
| End of 5th year | 34317 | 12006 | 22311 | 1672662 |
| End of 6th year | 34317 | 10034 | 24283 | 1392275 |
| End of 7th year | 34317 | 7888 | 26430 | 1087105 |
| End of 8th year | 34317 | 5551 | 28766 | 754960 |
| End of 9th year | 34317 | 3009 | 31308 | 393457 |
| End of 10th year | 34317 | 241 | 34076 | 0 |
Banks that Offer Unsecured loan for Netherlands
Unsecured education loans for the Netherlands do not require collateral but come with higher interest rates than public sector banks. Students can choose from private banks, NBFCs, or international lenders, each offering different loan terms and benefits.
| Lender 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 Lakhs 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 |
Repayment Plan for Unsecured Loans in Netherlands
After the moratorium period, repayment begins with monthly installments over a 10-year term. For example, if you borrow ₹35 lakhs at an 11.25% interest rate, your repayment schedule will follow these terms.
| Repayment schedule | EMI | Interest portion | Loan Outstanding | Principal portion |
|---|---|---|---|---|
| End of 1st year | 58684 | 37462 | 21222 | 3974695 |
| End of 2nd year | 58684 | 34947 | 23737 | 3703962 |
| End of 3rd year | 58684 | 32135 | 26549 | 3401152 |
| End of 4th year | 58684 | 28989 | 29695 | 3062462 |
| End of 5th year | 58684 | 25471 | 33214 | 2683643 |
| End of 6th year | 58684 | 21535 | 37149 | 2259938 |
| End of 7th year | 58684 | 17134 | 41550 | 1786031 |
| End of 8th year | 58684 | 12210 | 46474 | 1255972 |
| End of 9th year | 58684 | 6704 | 51980 | 663109 |
| End of 10th year | 58684 | 545 | 58139 | 0 |
Choose Best Lender For Education Loan For Netherlands
We understand that having more choices can make it complicated to choose the right lender. However, don’t worry! We have prepared a list of factors that can assist you in comparing lenders and finding the one that aligns best with your needs.
Selecting the right lender can be challenging, but key factors can help in comparison:
- Interest Rate
- Processing Fee & Time
- Margin Money
- Moratorium Period
- Tax Benefits
- Covered Expenses
- Loan Duration
- Prepayment Terms
Apart from all the above variables that you can use to compare lenders there are some points mentioned below that you may also like to consider before finalizing your lender. They are –
- Secured loans offer higher amounts, lower interest rates, and better coverage.
- Unsecured loans are easier to apply for; private banks (Axis, ICICI) offer favorable terms, while NBFCs are an alternative if banks reject the application.
- If no financial co-applicant is available, an international lender may be necessary.
Application Process of Education Loan For Netherlands
Securing an education loan for the Netherlands is simple but managing multiple lenders can be overwhelming.
The process includes:
- Check Eligibility on the lender’s platform.
- Connect with a Loan Expert for guidance.
- Receive a Document Checklist for easy organization.
- Submit Required Documents as per lender guidelines.
- Await Verification (7-15 days), sign the agreement, and track progress.
- Loan Disbursement follows, with funds sent to your account or university.
Why you should choose Netherlands to study Abroad
The Netherlands is a top study destination due to its affordability, globally recognized degrees, and excellent career opportunities.
Key benefits include:
- Affordable Education compared to other European countries.
- English-Taught Programs, making it accessible to international students.
- Globally Recognized Degrees, opening career opportunities worldwide.
- Growing Job Market, with a strong economy post-pandemic.
- Work While Studying, allowing students to work up to 16 hours per week.
Frequently Asked Questions
The maximum unsecured education loan for studying in the Netherlands is up to ₹50 lakhs, varying based on the application and university.
Students need around €10,732 (₹10 lakh) to cover living expenses for the first year in the Netherlands.
An English proficiency test is required for admission to Dutch universities, with IELTS being the most widely accepted option.
To study in the Netherlands, you must be at least 18, have a strong academic record, meet English proficiency requirements, and score well in GRE or GMAT if required by the university.