It is not expensive to study in Germany; in fact, it is nearly free. To study in Germany, you merely need to manage your living expenses. However, many students lack even this kind of funding. In that situation, loans are useful.
State-backed finance such as BAföG or KfW student loans, as well as conventional personal loans, are available for international students in Germany. However, as a foreign national, it can be challenging to be approved for a government loan. These financing types have strict requirements for eligibility.
Can international students get a loan in Germany?
In Germany, foreign students can typically apply for a loan, although there are a variety of considerations. Stick rules apply to state-sponsored loans like BAföG and KfW, and only a select group of foreign nationals are eligible for funding.
Working a part-time job is the greatest way for international students to pay for their studies in Germany. You may work up to 240 half-days or 120 full days each year. Bartending, café service, babysitting, or tutoring are some examples of regular student occupations.
Taking out a personal loan is an additional choice. These can be used for any purpose, not just to pay for educational costs.
Student loans in Germany: What are your options?
Here are the main lending options for international students in Germany:
- KfW student loan
- Personal loan
Best loans for international students in Germany
|Loan provider||Interest rate||Loan amount (EUR)||Loan term (months)||Success rate||Bonus|
|Smava||0,40% – 10,90%||500 – 120,000||12 – 120||High||Fast processing time|
|Auxmoney||average 4,42%||1,000 – 50,000||12 – 84||High||Fast payout|
|1822direkt||2,49% to 7,31%||2,500 – 50,000||12 – 120||Average||Free bank account|
|Tarifcheck||0,68% to 5,99%||1,000 – 100,000||12 – 120||High||Best rates on the market|
|Verivox||From 0,0%; Average – 3,52%||up to 100,000||12 – 120||High||Find best rates through detailed comparison|