Education Loan

Education Loan For Switzerland

Education Loan For Switzerland

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Read about secured and collateral free loans for studying in Switzerland. Also, discover the average cost of studying and living in Switzerland.

Ananya Ghai
Updated on:  29 Nov 2023  | Reviewed By: 
| 1.09K | 10  min read

With a low crime rate and one of the best education systems in the world, Switzerland is home to world-class universities and research institutions, offering a diverse range of academic programs taught in multiple languages. Its renowned education system and stunning landscapes make it a highly desirable destination for international students.

However, the cost of living and tuition fees can be substantial. Thankfully, education loans with GyanDhan can provide a lifeline for those aspiring to pursue their academic journey in this picturesque country. Before delving into education loans, it's important to have a clear understanding of the tuition fees, cost of living, and potential funding sources.

Check Your Education Loan Eligibility


Cost of studying in Switzerland

Tuition fees in Switzerland can vary significantly depending on the institution, level of study, and program. The average cost of studying an undergraduate and postgraduate program from a public university ranges between CHF 1200 to CHF 2500 per semester whereas from a private university the same program can cost you somewhere between CHF 5000 to CHF 9500 or even more.


Cost of living in Switzerland

The cost of living in Switzerland is relatively high, especially in cities like Zurich, Geneva, and Lausanne. However, with setting up a proper budget and cost-cutting you can manage your monthly expenses.

Expense  Cost per month


CHF 400 - CHF 800


CHF 100 - CHF 150


CHF 450 - CHF 550

Health Insurance

CHF 250 - CHF 350


CHF 100 - CHF 250


Education loan options for Switzerland

Pursuing your education in a country like Switzerland that is home to top ranked universities that date back to the 1800s is a life changing experience however the cost of studying in Switzerland is substantial. Fortunately, there are education loans available that cover all the study abroad expenses. From tuition fees to flight tickets, an abroad education loan has got it all covered.


What are secured education loan options for Switzerland?

Secured education loans are loans where borrowers need to pledge some form of security as collateral against the loan amount. This collateral could be assets like real estate or fixed deposits. These loans are available from public banks, private banks, and NBFCs (Non-Banking Financial Companies). However, public banks are the preferred option because of their low interest rate and high reputation and dependability.

Secured education loan for Switzerland - overview


Loan amount 

Up to INR 1.5 cr

Up to INR 2 cr

INR 1.5 cr

Interest rate

10.65 - 11.15%

9.8 - 10.15%

10.14 - 11.15%

Margin money

10 - 15%

10 - 15%


Repayment tenure

15 years

15 years

15 years

Processing fees

INR 10,000 + GST

INR 5,000

INR 10,000 + GST



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What are unsecured education loan options for Switzerland?

Unsecured education loans are those loans that do not require collateral; instead they require a co-applicant with a stable monthly income and a good CIBIL score. A co-applicant can be the applicant’s parents, siblings, or a close relative. Unsecured loans are offered by public banks, private banks, and NBFCs.

Unsecured education loan for Switzerland - An overview

Feature Private banks (ICICI Bank, Axis Bank, IDFC First Bank) NBFCs (HDFC Credila, InCred, Avanse)

Loan amount

Up to INR 50 Lakh

Up to INR 30 Lakh

Interest rates

11.15% - 13%

12.5% - 14%

Margin money



Repayment tenure

10 - 15 years

15 years

Tax benefits


Not available
(Except HDFC Credila)

Processing fees

0.5 - 1%

0. 5 -2%


Expenses covered by education loan in Switzerland

The expenses covered under education loans by various lenders include the following - 

Cost of study Cost of living Other costs

Tuition fee

Admission fee

Examination fee

Books or laptop expenses

Accommodation or hostel fee

Food costs

Travel expenses

Health insurance expenses

Miscellaneous expenses


Education loan eligibility criteria for Switzerland

The eligibility criteria for an Indian student to secure an education loan to study in Switzerland include the following:

  • list items The student should be an Indian citizen.
  • list items The minimum age of the student should be 18 years.
  • list items The student should have secured admission to a recognized university/ college in Switzerland.
  • list items The student should have a good academic record.


Documents required for education loan in Switzerland

The documents required for an education loan for Switzerland depend on several factors, primarily your academic and professional history, and your co-applicants financial and credit profile.

Applicant’s documents

  • list items Identity proof: PAN/ Passport/ Driver’s License/ Voter ID card or government-issued identification document.
  • list items Education loan application form.
  • list items Address proof: recent copy of telephone bill/ electricity bill/water bill/ piped gas bill/ Driving License/ Aadhaar card.
  • list items Passport
  • list items Visa documents
  • list items Statement of expenses.
  • list items 2 passport-size photographs.
  • list items Loan A/C statement of one year (if applicable)
  • list items Bank account statement of the student (if applicable)

Academic documents

  • list items 10th standard mark sheet
  • list items 12th standard mark sheet
  • list items Undergraduate result (semester-wise)
  • list items Entrance exam results (e.g. GMAT, GRE, TOEFL, etc.)
  • list items Proof of admission: admission letter (A conditional admission letter is also applicable).

Co-applicant’s documents

  • list items Identity proof: PAN/ Passport/ Driver’s license/ Voter ID card or government-issued identification document.
  • list items Address: recent copy of telephone bill/ electricity bill/water bill/ piped gas bill or copy of Driving license/ Aadhaar card.
  • list items 2 passport-size photographs.
  • list items Bank account statement of the co-borrower/guarantor, for the last 6 months (in case of takeover of education loan).
  • list items If any previous loan is from other banks/ lenders, then the loan A/C statement of 1 year.
  • list items Legal documents of the collateral/ property documents.

Income proof for salaried co-applicant/guarantor

  • list items Salary slips for the last 3 months.
  • list items Copy of Form 16 of the last 2 years or copy.
  • list items Bank account statement for the last 6 months (Salary account).
  • list items Brief statement of assets & liabilities of parent/ guardian/ other co-borrower.

Income proof for self-employed co-applicant/guarantor

  • list items Business address proof.
  • list items Last 2 years IT returns ( If IT Payee).
  • list items TDS certificate (Form 16A, if applicable).
  • list items Certificate of qualification (for C.A./ doctor and other professionals).
  • list items Brief statement of assets & liabilities of parent/ guardian/ other co-borrower
  • list items Bank account statement for the last 6 months.  

Calculate your Education Loan EMI


Repayment of education loan for Switzerland

When choosing a lender for an education loan, the repayment tenure of the loan is a crucial consideration. Many lenders typically ask borrowers to make payments of simple interest or partial simple interest during the moratorium period.

Lender Repayment during the moratorium period

Public Banks

Nil or Simple interest

Private Banks

Nil or Simple/Partial interest/EMI


Simple interest/ Partial interest / EMI

To ease your repayment and manage your expenses you have the opportunity to explore the option of a student job and dedicate a few hours each week to work. International students have the privilege of working up to 15 hours per week during the semester, and they can even work full-time during semester breaks. The compensation is quite substantial, ranging from CHF 25 to CHF 35 per hour. To plan your repayment better you can also use the estimate future earning tool by GyanDhan, which helps you gain a rough idea of your future earnings and enables you to plan your repayment for the future.


How to apply for an education loan for Switzerland?

Getting an educational loan for Switzerland is easy, but dealing with many lenders can be hard. That's where GyanDhan comes in. We make getting a loan to study in Switzerland simple with these steps:

Step 1: Check loan eligibility

Step 2: A dedicated loan counselor will be assigned to you.

Step 3: Loan counselors will evaluate your profile and suggest you the lender.

Step 4: After starting your loan application, they will send you a customized document checklist.

Step 5: The lender will verify your documents, this can take up to 7-10 days. Once approved, sign the loan agreement and monitor progress through GyanDhan's user dashboard.

Step 6: Initiate the loan disbursement according to the lender's procedures, with funds being directly deposited into your account or to the university.


Best education loan option for Switzerland

The best education loan choice depends on each student's situation and needs. To make a well-informed decision, students should consider the scenarios below. Remember, these are general ideas, and it's important to pick a loan that fits your own requirements.

  • list items Secured education loans provide more funds to students. It's a good idea to get a loan for a higher amount than you need, just to be safe. The amount you're approved for is more than what you'll actually use.
  • list items Lower interest rates on secured education loans can make managing loan payments easier. Also, secured education loans often come with a refundable processing fee, which can be appealing.
  • list items Unsecured education loans are approved quickly and with fewer complications.
  • list items Some students prefer NBFCs for unsecured education loans because they cover all expenses. However, NBFCs are private lenders and should be considered as a last option.

Selecting the best education loan option among the multiple options available is a significant choice that shapes your future financial plans. To simplify your path through these choices, GyanDhan is at your service. We provide personalized guidance and counseling to students, aiding them in identifying the ideal lender from the array of loan alternatives. From furnishing a customized document checklist to serving as your personal liaison with the lender, we handle every aspect. To start your journey toward securing an education loan for studying in Switzerland, check your loan eligibility and leave the rest to us!

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Frequently ask questions

Can you get a student loan in Switzerland?

Yes, you can get a student loan in Switzerland. Swiss universities and institutions often offer various financial aid options, including loans, to both domestic and international students. Additionally, there are private banks and organizations that provide education loans to students studying in Switzerland. These loans can help cover tuition fees, living expenses, and other educational costs.

How much money do I need to study in Switzerland?

The amount of money you'll need to study in Switzerland can vary widely based on factors such as the level of study, the city you'll be living in, your lifestyle choices, and the specific program you're enrolled in. It roughly costs around CHF 1300 - CHF 2000 per month. Switzerland is known for its high living costs, which can significantly impact your budget.

Is Switzerland expensive for Indian students?

Yes, Switzerland is generally considered expensive for Indian students and students from many other countries as well. The cost of living in Switzerland is relatively high due to factors such as high wages, strong currency (Swiss Franc), and the overall high standard of living in the country.

Can I go Switzerland without IELTS?

Majority of Swiss institutions grant IELTS waivers for specific bachelor's and master's programs as long as applicants meet the academic entry prerequisites. Additionally, certain universities in Switzerland permit students to pursue studies in the country without requiring an IELTS score.

Check Your Education Loan Eligibility


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