Study in France: Education Loans for International Students
Education Loans for Studying in France

How to Secure an Education Loan for Studying in France

Factors to Consider for Education Loans to Study in France

1. Determine Your Financial Requirements:

  • Decide on the university and course you plan to study in France.
  • Calculate the total funds required for your education in France.
  • Create a checklist of all required documents and gather them in advance.
  • Ensure you have arranged for collateral or a guarantor, if necessary.
  • Apply for the international education loan well in advance of your student visa application.

2. Basic Eligibility Criteria for Education Loans:

  • Loan applicants must be Indian citizens.
  • Students must have applied and been accepted into a recognized French institute for a full-time program.
  • Applicants should be at least 18 years old; if younger, parents may need to apply.
  • Students must possess a strong academic record.
  • Applicants must be enrolled in a job-oriented course of study.

Securing an Education Loan to Study in France

Improving Your Eligibility

  • Achieving high grades or ranking in qualifying exams.
  • Demonstrating an excellent academic track record.
  • Obtaining an admission letter from a prestigious or top-tier institution.
  • Having a strong financial background through parents, guardians, or co-borrowers to ensure timely repayment.
  • Exhibiting the potential for future employment and income generation.

Also Read: Charpak Scholarship Program

Calculating the Required Amount

  • Tuition fees for each academic period.
  • Accommodation or hostel charges, including on-campus housing or off-campus rent, utilities, and transportation.
  • Additional fees for exams, laboratories, and libraries.
  • Costs for books, equipment, travel, uniforms, and other essentials.
  • Caution deposits, building funds, or refundable deposits.
  • Expenses related to study tours, projects, or theses.

Letter of Acceptance

  • PSL Research University
  • École Polytechnique
  • Sorbonne University
  • CentraleSupelec
  • École Normale Supérieure de Lyon
  • Ecole des Ponts ParisTech
  • Sciences Po
  • University of Paris Sud
  • Pantheon-Sorbonne University
  • École Normale Supérieure

Comparing Education Loan Options

  • Margin: This refers to the difference between covered and uncovered expenses. Private banks often cover all expenses, while some public sector banks may have a 10% margin, meaning they cover 90% of the expenses.
  • Moratorium Period: The moratorium period is when you don’t need to repay the loan. It typically lasts six months to a year after the loan is disbursed. Understand the terms regarding the moratorium period.
  • Repayment Tenure: Repayment tenure is the duration within which you must repay the loan. It typically ranges from 5 to 7 years, but some loans may offer longer repayment periods. The repayment terms may vary depending on the bank and loan amount.

International Education Loan Application

  • Full name
  • Parents’ names
  • Residential address
  • Date of birth
  • Identification proof
  • Course details
  • University name
  • Income details
  • Liabilities
  • Employment information
  • Type of security
  • Tuition fees
  • Statement of other expenses

Double-check your application before submission.

Submitting Required Documents

  • Proof of admission or acceptance letter
  • Completed student loan application form
  • Passport-size photographs
  • Academic transcripts, certificates, and degrees
  • Identification proof (e.g., valid passport, voter’s ID)
  • Proof of age (birth certificate)
  • Exam scores (e.g., GMAT, GRE, IELTS, TOEFL)
  • Residence proof for both the student and guarantor
  • Bank statements for the past year
  • Guarantor’s income proof
  • Additional optional documents, such as certificates of minority caste, extra-curricular activities, or documents related to disabilities or illnesses

Education Loan Agreement

Disbursement of the Student Education Loan

Collateral Rules for Education Loans to Study in France

  • Legal Opinion on Collateral: A lawyer appointed by the bank inspects the collateral to determine if it can be mortgaged. Original property documents must be submitted.
  • Valuation Report: A bank engineer assesses the market value of the asset and estimates its deferred value in case the bank needs to mortgage it.

study in france for indian students cost

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