Can I get a loan as an international student in Germany?

International students in Germany can apply for interest-free loans up to 650 euros a month. The KfW Student Loan is a low-interest loan offered by the KfW banking group that was launched in 2006. In light of the pandemic, it is currently being offered interest-free until March 31 next year.

What is Germany’s bank name?

Germany’s three large commercial retail banks (Deutsche Bank, Commerzbank, and HypoVereinsbank) together only control about 15 percent of the retail banking market.

How to apply for an education loan to study in Germany?

Eligibility criteria to apply for an education loan to study in Germany. The student must have attained the age of 18 years or his/her parents should apply for the loan. The applicant must have secured admission to a job-oriented course.

Does Deutsche Bank offer student loans?

For instance, Deutsche Bank offers relatively low-cost student loans for account holders. Recipients may need to hold a certain amount in their Deutsche Bank account before funds will be provided, and extensive credit checks will apply.

How to study in Germany with a blocked bank account?

Indian banks provide education loan for German Blocked Bank Account to help the students get a German visa. However, the same education loan amount can be directly considered as proof of funds to get past immigration and study in Germany. Overseas Scholarship Programs for Indians to study in Germany provide a percentage of all these expenses.

Can Indian students apply for federal student loans in Germany?

Students should confirm with their international admission office before placing a federal loan request. Thus, students from India who are studying in Germany under the employment benefits or are wards of diplomats/NRIs may apply for Federal Student loans in Germany.