Studying in Europe can be an exciting and enriching experience, but it comes with its own financial challenges.
As an international student, you may need to secure a student loan to cover tuition fees, living expenses, and other costs.
This article will explore the 9 best student loans for international students in Europe, helping you find the right financial support to pursue your academic goals abroad.
Best Student Loan for International Students in Europe
| Loan Provider | Loan Amount | Co-signer Requirement | Interest Rates | Loan Terms | Eligibility Requirements |
|---|---|---|---|---|---|
| European Investment Bank (EIB) | Up to €50,000 | Yes | 3.5% – 5.5% | 5 – 10 years | International students with proof of enrollment at a European university |
| Prodigy Finance | Up to €30,000 | No | 6.5% – 8.0% | 5 – 15 years | International students from specific countries attending select universities |
| Future Finance | Up to €40,000 | Yes | 5.0% – 6.5% | 5 – 10 years | International students with a valid visa for study in Europe |
| Deutsche Bank | Up to €35,000 | Yes | 4.0% – 7.5% | 5 – 10 years | Full-time international students in Germany |
| Lendwise | Up to €40,000 | Yes | 4.5% – 6.0% | 5 – 10 years | International students at top European universities |
| College Ave Student Loans | Up to $100,000 | No | 5.5% – 9.0% | 10 – 15 years | International students attending U.S.-based institutions |
| Sygnum Bank | Up to €50,000 | Yes | 4.2% – 5.8% | 5 – 10 years | Full-time students enrolled in European universities |
| Santander Bank | Up to €40,000 | Yes | 5.2% – 6.5% | 5 – 10 years | International students in Spain or other EU countries |
| NatWest Bank | Up to €50,000 | Yes | 3.5% – 7.0% | 5 – 10 years | International students studying in the UK |
1. European Investment Bank (EIB)
- Loan Amount: Up to €50,000
- Interest Rates: 3.5% – 5.5%
- Loan Terms: 5 – 10 years
The European Investment Bank (EIB) offers loans to international students studying in Europe with amounts up to €50,000.
Interest rates range from 3.5% to 5.5%. The loan term is flexible, from 5 to 10 years.
International students need a co-signer and must have proof of enrollment at a European university to be eligible.
2. Prodigy Finance
- Loan Amount: Up to €30,000
- Interest Rates: 6.5% – 8.0%
- Loan Terms: 5 – 15 years
Prodigy Finance is a great option for international students.
The loan amounts can go up to €30,000 with an interest rate range of 6.5% to 8.0%.
The loan term is between 5 and 15 years, and a co-signer is not required.
Prodigy Finance serves students from specific countries attending select universities.
3. Future Finance
- Loan Amount: Up o €40,000
- Interest Rates: 5.0% – 6.5%
- Loan Terms: 5 – 10 years
Future Finance offers education loans for international students of up to €40,000.
The interest rate ranges from 5.0% to 6.5%, with loan terms varying from 5 to 10 years.
A co-signer is required, and the student must hold a valid visa for study in Europe.
4. Deutsche Bank
- Loan Amount: Up to €35,000
- Interest Rates: 4.0% – 7.5%
- Loan Terms: 5 – 10 years
Deutsche Bank provides loans for international students up to €35,000.
With interest rates ranging from 4.0% to 7.5%, the loan terms are flexible between 5 and 10 years.
A co-signer is required for students, and the student must be enrolled full-time in Germany.
5. Lendwise
- Loan Amount: Up to €40,000
- Interest Rates: 4.5% – 6.0%
- Loan Terms: 5 – 10 years
Lendwise provides loans of up to €40,000 with interest rates between 4.5% and 6.0%.
The loan term ranges from 5 to 10 years.
A co-signer is required, and students must be enrolled at top European universities to qualify for the loan.
6. College Ave Student Loans
- Loan Amount: Up to $100,000
- Interest Rates: 5.5% – 9.0%
- Loan Terms: 10 – 15 years
College Ave Student Loans offers loans for international students studying in U.S.-based institutions.
Loan amounts can go up to $100,000, with interest rates ranging from 5.5% to 9.0%.
Loan terms range from 10 to 15 years, and a co-signer is not required, making it a flexible option for international students studying in the U.S.
7. Sygnum Bank
- Loan Amount: Up to €50,000
- Interest Rates: 4.2% – 5.8%
- Loan Terms: 5 – 10 years
Sygnum Bank provides education loans for international students up to €50,000, with interest rates ranging from 4.2% to 5.8%.
Loan terms vary from 5 to 10 years, and students must be enrolled full-time in a European university to be eligible for the loan.
8. Santander Bank
- Loan Amount: Up to €40,000
- Interest Rates: 5.2% – 6.5%
- Loan Terms: 5 – 10 years
Santander Bank offers loans for international students up to €40,000, with interest rates between 5.2% and 6.5%.
Loan terms range from 5 to 10 years, and a co-signer is required.
Students must be enrolled in European universities, specifically in Spain or other EU countries.
9. NatWest Bank
- Loan Amount: Up to €50,000
- Interest Rates: 3.5% – 7.0%
- Loan Terms: 5 – 10 years
NatWest Bank offers loans for international students studying in the UK and across Europe.
Loan amounts can go up to €50,000, with interest rates ranging from 3.5% to 7.0%.
Loan terms vary from 5 to 10 years, and a co-signer is required.
Students must be enrolled in full-time studies at an eligible institution.
Quick One: We have other useful loan articles here.
Frequently Asked Questions
Can international students apply for student loans in Europe?
Yes, international students can apply for student loans in many European countries. However, the eligibility criteria vary depending on the loan provider and the country. Some loans require a co-signer, while others do not.
Are co-signers required for international students applying for loans in Europe?
In many cases, international students are required to have a co-signer, typically a resident or citizen of the country where the loan is being issued. However, some providers like Prodigy Finance and College Ave Student Loans do not require a co-signer.
What is the typical interest rate for student loans in Europe?
Interest rates for student loans in Europe typically range from 3.5% to 8.0%, depending on the loan provider and the amount borrowed. Rates are generally lower for loans issued by European institutions like Deutsche Bank and Santander Bank.
Conclusion
Finding the right student loan is crucial for international students looking to study in Europe.
Whether you’re considering loans from Prodigy Finance, Deutsche Bank, or College Ave Student Loans, it’s important to evaluate the loan amounts, interest rates, terms, and eligibility requirements before making a decision.
Each loan provider offers different benefits, so compare options to determine which one best suits your financial needs and academic goals.
With the right financing, you can focus on your studies and enjoy your experience abroad.
