- Cost to study
- Education loan eligibility
- Education loan documents required
- Secured education loan
- Unsecured education loan
- How to choose the best lender?
- How to apply for education loan?
- Why you should choose Netherlands to study abroad?
- Frequently asked questions
- The applicant must be an Indian citizen and must be at least 18 years of age.
- The applicant must be enrolled in a full-time program at a reputable Netherlands university.
- Applicant must have appeared for the English proficiency test.
- Should have a financial co-applicant and a strong career prospect in case of an unsecured education loan.
- Must possess collateral either equal or more in value to the required loan amount in the case of a secured education loan.
- Letter of admission from the University
- Fully filled out loan application form
- Documents on the cost of studies
- Identification proof
- Residence proof
- PAN details of the candidate
- Guarantor/ co-borrower/ student's bank statements
- Guarantor/ co-borrower/ student's statement of assets
- Guarantor/ co-borrower/ student's proof of income
- Interest Rate
- Processing fee and time
- Margin Money
- Moratorium Period
- Tax Benefit
- Loan Duration
- Covered Expenses
- Prepayment terms and conditions
- Secured education loans offer a higher loan amount limit and lower interest rate. It will ensure that most of your expenses are covered and there is a less financial burden on you.
- Students often prefer to take an unsecured education loan for the ease of application and approval. Private banks such as Axis Bank, ICICI Bank, and more offer better terms and conditions. NBFCs come next in line if for any reason you are not able to get an education loan from private banks.
- In the case where you do not have any financial co-applicant that can back you in your loan application then you would have to proceed with an international lender.
- Check your eligibility on GyanDhan's platform.
- Connect with a dedicated loan expert for personalized assistance and lender recommendations.
- Receive a customized document checklist for easy organization.
- Submit the required documents as per the lender's guidelines.
- Await verification (usually 7 to 15 days). Once approved, sign the agreement and monitor progress on GyanDhan's user dashboard.
- Initiate loan disbursement following the lender's procedures, with funds directly deposited into your account or disbursed to the university by international lenders.
- Affordability - when compared with other study-abroad destinations or other European countries then it can be said that the cost to study in Netherlands is on the lower end.
- English is widely spoken - Netherlands provides several degrees and the best part is that almost all of them are taught in English.
- Internationally recognized degrees - the degrees that one decides to do in Netherlands are internationally recognized that is once you complete a degree from Netherlands you can get a job anywhere in the world.
- Potential career opportunities - Netherlands is a country that has seen rapid growth in its GDP, especially after the pandemic. Being a developed country you can have several career opportunities in Netherlands.
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Work while studying - as an international student you can work up to 16 hours a week which can help you to earn some money and become a bit financially stable.
Updated on: 04 Sep 2023
In the academic year 2021-22, there was a notable 12% increase in international student admits. According to the Indian Ministry of External Affairs, the number of Indian students enrolling in the country exceeded 1,900 during the same period. It is expected that this figure will continue to rise in the coming years, solidifying Netherlands' status as an emerging hotspot for studying abroad. Although the cost of studying in the Netherlands is relatively low compared to other popular study-abroad destinations like the USA, UK, and Canada, it still requires some financial backing when compared to the Indian subcontinent. In this blog, we will discuss how to manage the financial aspects of studying in the Netherlands. Table of Content Before we tell you about the different lending options that you can opt for let’s first understand the different expenses that you would have to bear when you decide to study abroad in Netherlands. The cost to study in Netherlands comprises two components i.e. tuition fees and cost of living in Netherlands. The tuition fees based on different programs offered in Netherlands are shown in the table below: Program Tuition Fees per year Bachelor’s Degree 6,000 EUR - 15,000 EUR Master’s Degree 8.000 EUR - 20,000 EUR Expense Cost (Monthly) Accommodation 400 EUR -1000 EUR Food 150 EUR - 170 EUR Transportation 40 EUR – 80 EUR Internet 30 EUR – 50 EUR Miscellaneous 150 EUR – 200 EUR Total Expenses 770 EUR - 1500 EUR It is essential that a student must be aware of the eligibility criteria and that they are able to fulfill all the requirements as per these eligibility criteria. Although every lender has a different set of eligibility criteria that you would be required to meet but a general idea has been shown below - A set of documents are required in order to proceed with your loan application for the Netherlands. Below are some of the documents that you may need for getting the loan. They are - Secured education loans for studying in the Netherlands require applicants to provide collateral/security. Such loans are commonly referred to as education loan with collateral. Collateral can include assets like property (e.g., house or land), fixed deposits (FDs), or insurance policies. These loans come with various advantages, including lower interest rates, extended repayment periods, and the possibility of higher approved loan amounts. Public sector banks are often favored over private banks and NBFCs due to their attractive features, such as larger loan amounts, lower interest rates, and additional benefits. Below is a table presenting a comparison of different lenders and their offerings for secured education loans. Lender Name Maximum Loan Amount (in INR) Rate of Interest Margin Money Up to 1.5 Cr 10.65% (for girls) 10% Up to 1 Cr 10.5% - 10.85% 10% An unsecured education loan for studying in the Netherlands is known as an education loan without collateral since it does not demand any security or pledging of assets. However, due to its unsecured nature, the interest rates may be slightly higher compared to loans offered by public sector banks. When considering education loans for Netherlands, you have three types of lenders to choose from private banks, NBFCs, and international lenders. The table below illustrates the specific offerings provided by each type of lender. Lender Name Maximum Loan Amount Rate of Interest Margin Money Up to 50 Lakhs INR 11% - 13.50% 5% Up to 50 Lakhs INR 10.85% - 12.50% 0 - 15% Up to 35 Lakhs INR 11.75% - 13.25% Nil Up to 20 Lakhs INR (Only STEM Courses) 12% - 13% Nil Up to 20 Lakhs INR (Only STEM Courses) 12.75% - 13.25% Nil Up to 100,000 USD 12% - 14% Nil We understand that having more choices can make it complicated to choose the right lender. However, don't worry! We have prepared a list of factors that can assist you in comparing lenders and finding the one that aligns best with your needs. These factors will help you evaluate and choose the perfect lender for yourself: Acquiring an education loan for Netherlands is a straightforward process. However, dealing with multiple lenders individually can be overwhelming. With its rich cultural heritage, world-renowned universities, and vibrant international community, the Netherlands offers a unique and rewarding experience for students from around the globe. Let's dive into the top reasons why the Netherlands should be your top choice for studying abroad. Based on the insights shared above, it's evident that the Netherlands is set to become a top choice for Indian students seeking to study abroad in the coming years. At GyanDhan, the education financing expert, we strive to make your journey seamless. Check your loan eligibility with us to find the best lender and receive a personalized document checklist, all at no cost. With our support, embark on an extraordinary educational adventure in the Netherlands, turning your dreams into reality. Don't miss this opportunity to study in the Netherlands with GyanDhan by your side! Read also: The maximum amount of loan that you can get in an unsecured education loan to study in the Netherlands is up to 50 Lakhs INR. The amount can differ based on your application and the target university as well. In order to pursue studies in the Netherlands, students are required to have sufficient funds to cover living expenses for the first year, amounting to EUR 10,732, approximately equivalent to 10,00,000 INR. You will need to have an English proficiency test score in your hand to get admission to a Netherlands university. It is recommended that you should take IELTS as the majority of universities support it. To be eligible to take admission to a Netherlands university you have to be a minimum of 18 years, should have a good past academic record, must have given and secured a minimum score in an English proficiency test and as per university requirements should have appeared and scored above average in GRE or GMAT.
Cost to study in Netherlands
Private universities tend to have higher tuition fees, often around 30,000 EUR, which is relatively higher when compared to the fees charged by public universities. The next component in the cost to study in Netherlands is the cost of living. An overview of monthly expenses that you may have to bear is showcased in the table below -
Education loan eligibility for the Netherlands
Check Your Education Loan Eligibility Apply Here
Education loan documents required for Netherlands
Secured education loan for Netherlands
11.50% (for boys)
(listed university)
15%
(non-listed university)Unsecured education loan for Netherlands
How to choose the best lender?
Apart from all the above variables that you can use to compare lenders there are some points mentioned below that you may also like to consider before finalizing your lender. They are -
How to apply for education loan to Netherlands?
To simplify this, GyanDhan offers streamlined assistance in obtaining education loans for France through the following steps:
Get Guaranteed Best Loan with GyanDhan
Find a Better Loan Offer Elsewhere & We Will Cover the Difference in Interest
Why you should choose Netherlands to study abroad?
Frequently asked questions
What is the maximum unsecured education loan amount that I can get for Netherlands?
How much bank balance is required to study in Netherlands?
Do I need to take IELTS to get admission to a Netherlands university?
What is the eligibility to study in Netherlands?
First published date: 10 Sep 2020
About author
Vishakha Bhagia
Interest in Finance with a flair for writing, Vishakha has written on education loans and the study abroad field for the last two years with articles published in Times of India, Outlook India, The Hindu, and many more publications.
GyanDhan is India's first education financing marketplace.
