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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:
- BAföG
- 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 |