Loan Amount | Education Loan for Germany

International Scholarship programs for students to study in Germany provides a percentage of all the below-mentioned expenses.

Cost of Education in Germany for International students

Courses	Cost per semester (Euro)
Undergraduate courses	€ 250 to €600
Postgraduate courses	€300 to €700
Doctorate courses	€300 to €500
Average amount of Scholarship granted	€400 per annum

The average annual cost of studying in Germany is between 11,000 and 15,000 EUR. Typically, education loans pay 80% of this cost. Some non-banking financial institutes offer 100% loans to study in Germany as well.

Another advantage of taking out an education loan in Germany is that students may borrow up to 7.5 lakhs without any collateral.

Here are some education loans for Germany

Bank	Loan Amount	Interest Rates
SBI	10 lakhs to 1.25 Crores	10.80% to 12.50%
ICICI	20 lakhs to 1 Crore	12.25% to 14.25%
PNB	20 lakhs to 1 Crore	10.35% to 12.25%
Credila	10 lakhs to 50 lakhs	13% to 16%
Avanse	4 lakhs to 1.25 Crores	12% to 16%
InCred	Up to 1 crore	11.75% - 16%
Axis	Up to 75 Lakhs	10.5% to 15%
MPOWER Financing	Up to 75 Lakhs	11.99% to 13.99%
IDFC	20 lakhs to 1 Crore	12.25% to 14.25%
Bank of Baroda	Up to 1.25 crore	7.85% to 9.85%
HDFC	Up to Rs.30 lakh	9.55% to 13.25%
Tata Capital Education Loan	Up to 25 lakh	10.99% onwards
Union Bank of India	Up to 25 lakh	8.80% to 10.05%
Kotak Mahindra Bank	Up to 20 lakh	Up to 16%
Federal Bank	4 Lakhs to 15 Lakhs	10.05% onwards