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Let's look at the several lenders who offer study abroad loans to international students in Germany
Educational Loan Options - Without Collateral
Public Banks: State Bank of India, Bank of Baroda, Union Bank, etc.
Average Loan Amount: 20 to 75 Lakhs
Interest Rates: 10% to 11%
Private Banks: ICICI, HDFC, Axis Bank, etc.
Average Loan Amount: Up to 7.5 Lakhs ( 40 Lakhs to selected universities)
Interest Rates: 10% to 11%
Private Banks: Credila, Avanse, Incred, etc.
Average Loan Amount: 20 lakhs (For MS courses and also the income of applicant and co-applicant is considered)
Interest Rates: 12% to 16%
Educational Loan Options - With Collateral
Public Banks: State Bank of India, Bank of Baroda, Union Bank, etc.
Average Loan Amount: Up to 1.5 crore
Interest Rates: 8.85% to 10.25%
Private Banks: ICICI, HDFC, Axis Bank, etc.
Average Loan Amount: Up to 60 lakhs
Interest Rates: 11% to 13.5%
Private Banks: Credila, Avanse, Incred, etc.
Average Loan Amount: Up to 50 lakhs
Interest Rates: 12% to 14%
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