The Netherlands is renowned for its high-quality education system and a welcoming attitude toward international students.
However, pursuing higher education abroad comes with its share of financial challenges, including tuition fees, living expenses, and other costs.
To alleviate these burdens, a range of student loans is available for international students in the Netherlands.
Here’s a detailed guide to the 7 best student loans for international students in the Netherlands, ensuring you have the financial support you need.
Best Student Loan for International Students in the Netherlands
| Loan Provider | Loan Amount | Co-signer Requirement | Interest Rates | Loan Terms | Eligibility Requirements |
|---|---|---|---|---|---|
| DUO Student Finance | Up to €1,078/month | No | 0% – 4% | Varies | EU/EEA students, valid residence permit |
| ABN AMRO Study Loan | Up to €50,000 | Yes | 4.50% – 6.00% | 1 – 10 years | Enrolled in Dutch institutions |
| Prodigy Finance | Up to €100,000 | No | 9% – 11% | Up to 20 years | Enrolled in partnered programs |
| MPOWER Financing | $2,001 – $50,000 | No | 11.99% – 13.99% | 10 years | Enrolled in eligible universities |
| Auxmoney | €1,000 – €50,000 | No | 3.95% – 16.50% | 12 – 84 months | Valid residence permit |
| College Ave Student Loans | $5,000 – $80,000 | No | 5.99% – 12.99% | 5 – 15 years | Enrolled in eligible institutions |
| Erasmus+ Master Loan | Up to €12,000 | No | 5.40% (fixed) | 5 years | Enrolled in Erasmus-participating programs |
1. DUO Student Finance
- Loan Amount: Up to €1,078/month
- Interest Rates: 0% – 4%
- Loan Terms: Varies based on individual agreements
DUO (Dienst Uitvoering Onderwijs) is the Dutch government’s student finance body, offering loans and grants to students.
While primarily for EU/EEA nationals, international students with valid residence permits may also qualify. The loan covers living expenses and tuition fees.
2. ABN AMRO Study Loan
- Loan Amount: Up to €50,000
- Interest Rates: 4.50% – 6.00%
- Loan Terms: 1 – 10 years
ABN AMRO offers flexible study loans tailored for students in Dutch institutions.
A co-signer is usually required, and loans can be used to cover tuition and living expenses.
Competitive interest rates and repayment terms make this an attractive option for students.
3. Prodigy Finance
- Loan Amount: Up to €100,000
- Interest Rates: 9% – 11%
- Loan Terms: Up to 20 years
Prodigy Finance is a leading lender for postgraduate international students, focusing on those attending partner universities.
The loan does not require a co-signer, and approval is based on future earning potential. Funds are disbursed directly to the institution or to cover living expenses.
4. MPOWER Financing
- Loan Amount: $2,001 – $50,000
- Interest Rates: 11.99% – 13.99%
- Loan Terms: 10 years
MPOWER Financing offers loans for international students without requiring a co-signer, credit history, or collateral.
This loan is suitable for covering tuition fees and living expenses, with eligibility depending on the student’s enrollment in specific Dutch universities.
5. Auxmoney
- Loan Amount: €1,000 – €50,000
- Interest Rates: 3.95% – 16.50%
- Loan Terms: 12 – 84 months
Auxmoney is a peer-to-peer lending platform offering loans without co-signer requirements.
International students with a valid residence permit can access funds to cover education and living costs, making it a versatile option for diverse needs.
6. College Ave Student Loans
- Loan Amount: $5,000 – $80,000
- Interest Rates: 5.99% – 12.99%
- Loan Terms: 5 – 15 years
College Ave provides customizable loans for international students.
Borrowers can choose repayment plans that suit their financial situation.
The loan covers tuition fees and living expenses, and no co-signer is required.
7. Erasmus+ Master Loan
- Loan Amount: Up to €12,000
- Interest Rates: 5.40% (fixed)
- Loan Terms: 5 years
The Erasmus+ Master Loan is a European Union initiative for students pursuing master’s degrees in Erasmus-participating countries, including the Netherlands.
This loan offers a fixed interest rate and doesn’t require a co-signer, ensuring predictable and affordable repayments.
Quick One: We have other useful loan articles here.
Frequently Asked Questions
Can international students in the Netherlands get loans without a co-signer?
Yes, lenders such as DUO, Prodigy Finance, MPOWER Financing, and Auxmoney offer loans without requiring a co-signer.
What are the average interest rates for student loans in the Netherlands?
Interest rates vary between 0% and 16.50%, depending on the lender and the type of loan. Government-backed loans like DUO generally have lower rates compared to private lenders.
What documents are needed to apply for a student loan in the Netherlands?
Key documents include:
Proof of enrollment in a recognized Dutch university
Valid residence permit
Passport or identification documents
Financial statements or proof of income (for specific loans)
Conclusion
Studying in the Netherlands is an excellent opportunity for international students, but financial challenges can arise.
These 7 best student loans provide reliable solutions to fund tuition fees, living costs, and other expenses.
From government-backed loans like DUO to private options like Prodigy Finance and College Ave, there’s a wide range of choices.
Consider factors like co-signer requirements, interest rates, and loan terms when selecting the best loan for your needs.
With the right financial backing, you can focus on making the most of your education in the Netherlands.
