Acquiring a German education loan is as straightforward as obtaining a loan for any other study abroad place. The procedure is the same, with a few minor differences. In Germany, students are admitted to universities twice a year, in January and September.

After students have been accepted to the institution of their choice, the next major challenge will be securing the cash needed to cover their tuition expenditures. The cost of studying in the nation is meagre, with students paying no tuition costs for undergraduate courses and just a small amount of tuition fees for graduate studies.

Students and families looking for a student loan will be glad to find that various banks and non-banking institutions provide low-interest education loans to worthy students who seek to continue their studies overseas.

The method of applying for a student loan has evolved since its origin, and students and their parents may now apply for the loan with simplicity.

However, a few considerations exist before applying for a loan. To secure a loan, a collateral may be required as security; however, this is done on a case-by-case basis. In most cases, you'll need a co-applicant, who might be a parent, sibling, in-laws, or spouse.

Higher education hopefuls in Germany who wish to pay for their studies with the aid of an education loan have the choice of obtaining both secured and unsecured loans. For individuals seeking unsecured education loans to pursue a master's in Germany, the highest loan amount available is Rs.20 lakhs. This, too, is dependent on your academic background and the financial profile of your co-applicant.

When it comes to secured loans, the maximum loan amount that may be taken from government banks is unlimited. Although unsecured education loans are an option, it is suggested that you take a secured education loan from one of the government banks or PSBs, as they are far less expensive.

Prior to enrolling in a master's program in Germany, applicants must complete two steps. They are as follows:

• The process of applying to colleges and gaining acceptance.

• Getting a blocked account and starting the student visa application procedure.

One of the most crucial points for students to keep in mind is that no German institution demands candidates to give documentation of their financial situation before their admission is approved. They are only needed to provide this documentation after applying to institutions and being accepted for a program in Germany. Before applying for a student visa to study in Germany, most applicants are expected to provide for their finances.

Every student wishing to take a master's degree in Germany should open a Blocked Account. 

So, what's the best course of action? 

How do students who borrow money to pay for their education satisfy this criterion? 

Don't worry; here's a brief breakdown of how to go about completing this process if you intend to apply for a German student loan.

1. Before applying for a visa, most students who wish to study in Germany on a scholarship must first open a Blocked Account and deposit the required funds.

2. To support their higher education in Germany, most Indian students rely on secured loans from government banks and PSUs.

3. The most challenging obstacle that such students encounter now is getting their lending institutions to approve the loan amount before their visa application. In bank jargon, this approval is known as a pre-visa disbursement.

4. Most government bank personnel who are authorized to issue school loans are hesitant to do so until the applicant's visa has been granted.

5. This is because many of these personnel are unaware of the regulations outlined by various embassies for student visas.