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Germany is popular among study abroad students for courses such as Engineering, Information technology, Computer Science, Arts and Humanities and Management Studies. Its impeccable education system, safe environment, and work opportunities enhance student life. So, if you are planning to study in Germany, this student visa guide is for you. Let’s dive in.
When should you apply for the student visa?
The German university will offer you a university admission confirmation letter if you clear the admission process. Once you receive this letter, you can proceed with the visa application process. Although students from countries like Australia, Canada and the United States do not need a student visa, please remember that Indian students will require a student visa.
Types of student visas to study in Germany
Which documents will you need for a student visa?
How to apply for a student visa?
What is a blocked bank account?
A blocked bank account is nothing but a bank account where study abroad students are required to deposit a sum of money that they will require to finance their studies and stay in Germany. This amount stays blocked in the account until the student arrives in Germany to pursue his/her education.
Please remember: Currently, the sum of money that needs to be deposited into the blocked bank account is €10,332, i.e. ~7,71,089 INR. You will be allowed to withdraw €861 per month after the commencement of your first semester.
So, we covered types of student visas, important documents, the application process and the blocked bank account. In the next episode of the student visa to study in Germany guide, we will cover visa interview questions, student visa fee, processing time, student visa permit and other important information.
Although most German universities have low or no tuition fees, you need to cover other educational costs. At Avanse Financial Services, we offer an education loan that covers the holistic cost of education, including tuition fees, accommodation costs, living expenses, cost of learning devices, study material expenses and other education-related expenses. For more information, please feel free to connect with us.
We always aim to offer you competitive interest rates on your Avanse Education loan.
The rate of interest on your loan is calculated as: Interest Rate = Avanse Base Rate +
Spread.
Our current Base Rate is 14.25% (WEF 01.05.2023).
The Spread is floating and is based on analysis of overall credit and course profiling.
This rate is subject to the terms and conditions of Avanse Financial Services Ltd.