What is the maximum education loan amount available for a master’s degree in France?
The maximum education loan amount available for a master’s degree in France can vary based on the type of loan, lender, and whether it is secured or unsecured. Typically, Indian banks like SBI, ICICI, and Axis Bank offer education loans ranging from INR 1.5 to 2.5 crore for studying abroad, including in France(
Here are key points to consider:
- Loan Type: You can opt for secured loans (with collateral) or unsecured loans (without collateral). Secured loans generally have lower interest rates(
- Expenses Covered: Most education loans cover tuition fees, living expenses, accommodation, travel, and even exam fees(
- Repayment: The repayment typically starts after completing your course, with a moratorium period of 6 months to 1 year after gaining employment(
It is crucial to check with individual banks for specific loan terms and eligibility, as well as whether they cover your intended course and university. You can also explore non-banking financial companies (NBFCs) for more flexible options.