Everything you should know about education loans for studying in France
                     Everything you should know 
about education loans for 
stuz dying in France
With visa regulations tightening in the United States and Canada, students are looking for 
additional choices to study abroad without sacrificing academic quality, lifestyle, or money. This 
is where nations like France are highlighted because their colleges offer top-notch resources, an 
organized curriculum, and the chance to practice concurrently. Each year, over 17,000 students 
apply to French institutions, and international students make up about 10% (and growing) of the 
country's college student population. Higher education in France is highly valued due to its 
experienced professors and research opportunities. French universities are well-known for their 
arts programs, but they now offer majors in every field and a variety of electives to pick from, 
regardless of the curriculum you choose.
Cost of living, tuition, and other expenses
The aggregate cost of studying in France should be comparable to the average in any European 
country. While tuition prices are low, the cost of living and other expenses raises the whole cost 
above the European average. State institutions have lower tuition costs than private universities, 
which range from 1,500 to 6,000 euros per year and from 4,500 to 7,000 euros for MBA programs. 
Without any large administrative expenses, you can anticipate that the base tuition for a first-level 
degree will cost 188€ each year. Few colleges impose additional fees. However, the total sum is 
rather little when compared to other nations. Engineering and medical degrees are somewhat more 
expensive, respectively. The most expensive area to spend money on is accommodation, followed 
by groceries. With a student pass, public transportation costs about 25 Euros.
Loan Records
Aspiring study abroad students can apply for student grants and other forms of financial aid to help 
them pay for all of these costs. However, only individuals who meet the requirements of the 
directives are eligible for these benefits. A student loan or education loan is the greatest alternative 
for the rest, and it has thus become a popular choice. As a result, practically all banks offer school 
loans with quick and easy approval.
To ensure a smooth and quick loan acceptance, have the following documents available 
ahead of time:
•Registration Form Completed
•PAN cards, Aadhaar cards, licenses, passports, or voter identification
•The university's admission letter
•Proof of Address
•Applicant and Co-Applicant Photographs
•Photo ID is required for both the applicant and the co-applicant.
•Proof of Co-Income Applicant's
•Academic documents
•monetary statement
•Immovable property documentation is essential in case collateral is requested.
Collateral Provision
Any tangible asset, particularly liquid assets like shares, bonds, gold, or any immovable property 
(home or land), is referred to as collateral when used to secure a loan by the borrower.
Some banks grant loans of up to seven lakh rupees without requiring security. From bank to bank, 
this sum varies. For collateral-based (secured) loans, you must show an asset with a value equal 
to the loan amount you are requesting. Education loans without collateral (unsecured loans) 
are ideal if you do not possess any securities.
The following two reports are required if the borrower obtains a loan using an immovable 
property as collateral:
Legal advice or a research report: The lawyer states in the report whether or not the 
property you have shown can be mortgaged. You must supply the original property paperwork as 
well as any supporting documentation for this. After the lawyer/s inspect the property, he will 
issue you the clearance.
Report on Valuation: A valuation report is supplied by the bank's authorized engineer. The loan 
is based on the value of the mortgaged property. There are two values in the report: Market Value 
and Deferred Value. Market Value refers to the price an asset would fetch in the market, whereas 
Deferred Value refers to the lowest feasible value of the property that the bank can obtain if it is 
mortgaged.
Factors to consider when choosing a bank to borrow from:
Loan Margin: The sum that a borrower or student must spend in order to pay for all of their 
educational costs is referred to as the loan margin. Banks, in general, do not provide 100% 
expenditure coverage. SBI and other public sector banks give 90% expenditure coverage, with 
the remaining 10% being the margin (self-funded). Financial institutions & NBFC, in contrast, 
provide 100% expenditure coverage. As a result, it is prudent to explore all choices before 
selecting an institution for the loan application.
Period of moratorium: This is the timeframe during which the debtor is not entitled to repay 
the loan in full or in EMIs. This time is usually six months or a yearlong. To avoid future issues, it 
is best to verify the moratorium term before completing the loan documents.
Tenure of Repayment: The repayment tenure is the time period during which you are 
entitled to begin making payments via EMI to repay the loan amount. According to market 
research, the repayment time typically spans between five and seven years. However, several 
banks provide payback terms of 10-15 years for education loans to study overseas.
Education Loans Eligibility to Study in France
•Academic proficiency and accomplishments are the primary requirements to qualify for an 
education loan because banks prefer to grant low-interest loans to smart students. Other 
eligibility requirements include:
•The applicant must be an Indian citizen.
•He or she must be pursuing or have completed a graduate, postgraduate, or PG degree from 
a college or institution that is approved by the UGC, AICTE, or govt.
•He or she must have received confirmation of enrolment in reputable universities abroad.
•During the loan application, the candidate's age must be between 18 and 35 years old.
•Full-time students must have a co-applicant, who can be either a parent/guardian.
https://www.youtube.com/channel/UClc_BEIN26
2Fm5eY_8sPA5w?view_as=subscriber
https://twitter.com/AuxiloFinserve
https://www.facebook.com/AuxiloFinserve/
https://www.instagram.com/auxilofins
erv/