Education Loan to Study MS in France
*T&C Apply. Deduction under Section 129 of the Income Tax Act, 2025 (erstwhile Section 80E of the Income Tax Act, 1961) is available only under the old tax regime and shall not be applicable if the taxpayer opts for the new tax regime. Customers are advised to consult their tax advisors for applicability.
Pursuing an MS in France appeals to many Indian students because of its academic diversity, strong research environment, and globally recognised universities. Since the cost of studying in France can vary across institutions and cities, planning your finances becomes essential. Many students consider an education loan for MS in France to manage these costs more comfortably while preparing for their studies.
French Institutions Offering MS Programmes
| University | City | Highlight |
|---|---|---|
| Sciences Po | Paris | Known for its strong focus on social sciences and international affairs. |
| Université Paris-Saclay | Paris (Saclay) | Recognised for research-intensive programmes in science and technology. |
| HEC Paris Business School | Paris | Offers globally recognised business and management programmes. |
| Université de Paris | Paris | Provides a wide range of multidisciplinary academic programmes. |
| École Polytechnique | Palaiseau | Known for its rigorous engineering and scientific curriculum. |
| Sorbonne University | Paris | Combines strong academic tradition with modern research facilities. |
| INSEAD | Fontainebleau | Offers internationally focused business education with diverse cohorts. |
| CentraleSupélec | Gif-sur-Yvette | Focuses on engineering, innovation, and advanced technology studies. |
| Université PSL | Paris | Known for its selective programmes and strong research output. |
| ESSEC Business School | Cergy | Offers specialised business programmes with global exposure. |
Why Study MS in France
- Affordable Public Education: Many public universities have lower tuition fees, making France a cost-effective study destination for international students.
- Increasing English-Taught Programmes: More master’s courses are now available entirely in English, offering flexibility for students who do not speak French.
- Chance to Learn French: Studying in France provides opportunities to build French language skills, which may be helpful in global work environments.
- Emphasis on Research and Innovation: The country prioritises scientific research and hosts institutions known for their contributions to innovation and academic development.
- International Academic Reputation: French universities are recognised for their long-standing educational standards and are respected across Europe and beyond.
Types of Education Loans for MS Students in France
Broadly, there are two main types of education loan for France:
- Secured Education Loan: A secured education loan is backed by collateral, such as residential property, fixed deposits, or insurance policies. This collateral will serve as a guarantee for the lender in case the borrower defaults.
- Unsecured Education Loan: An unsecured education loan is a type of student loan that does not require any collateral or security. Approval is based on the borrower’s financial profile.
Eligibility Criteria for an Education Loan in France
To qualify for a student loan in France, here are the eligibility criteria:
- Applicant Age: 16 years or above
- Co-Applicant: Generally required can be a parent, spouse, or guardian
- Eligible Students: Those enrolling in bachelor’s or master’s programmes
- Approved Courses: Academic or professional programmes (MBA, MS, MBBS, etc.)
- Recognised Institutions: Universities and colleges accredited in France
Documents Required for an Education Loan for MS Overseas
To apply for an education loan for overseas study, here’s a checklist of documents you’ll need. Requirements vary slightly based on your co-applicant’s income type.
| Document Type | Details |
|---|---|
| A. Application Form | Completed original or digital loan application form |
| B. KYC Documents | PAN Card or Form 60 (mandatory if PAN is mentioned) ONE valid ID & address proof: Passport / Driving License / Voter ID / Aadhaar / NREGA Job Card / NPR Letter |
| C. Student Education Documents | 12th Marksheet (not needed for UG applicants in 12th or Exec PG) Latest semester/year marksheet or transcript Admission proof (Admission Letter / I-20) |
| D. Co-Applicant Financials | |
| → Salaried | Last 6 months’ salary account bank statements 1 recent salary slip/certificate |
| → Self-Employed (Non-Proprietor) | Last 6 months’ Current & Savings A/c bank statements Last 2 years ITRs (online acceptable) 44AD: income statement only Tax audit: CA attestation required Optional: Qualification proof, GST/Shop Act/Aadhaar Udyog |
| → Proprietor | Last 6 months’ Current & Savings A/c bank statements Last 2 years ITRs 44AD: income statement only Tax audit: CA-audited financials (P&L, BS, Computation, Schedules) |
| → No Income | Last 6 months’ Savings A/c bank statements |
| → Pensioner | Last 6 months’ Savings A/c with pension credits OR Pension Order |
| E. Collateral Documents (if applicable) | Latest sale deed Property tax receipt Approved building plan or Occupation Certificate |
Interest Rates on Education Loans for Studying MS in France
Get the funds you need for your education abroad with competitive interest rates and zero prepayment or foreclosure charges.
| Feature | Details |
|---|---|
| Interest Rate (Floating) | 9.95%* p.a. onwards |
| Origination Fee | 1.25%* + GST |
| Prepayment & Foreclosure Charges | None |
How to Apply for an Education Loan to Study MS in France
Follow this 3-step process
A simple and transparent journey.
1- Apply Online
Fill out the application form and upload documents.
2- Application Review
Get your sanction letter after our credit appraisal.
3- Funds Disbursed
You are all set to get started.
Expenses Covered Under a Student Loan for MS in France
When you take an education loan for overseas study, the following expenses are typically covered, contributing to the overall cost of studying in France:
- Tuition fees and academic charges.
- Hostel or on-campus accommodation.
- Cost of living (food, transport, utilities, etc.).
- Books, lab supplies, and other learning materials.
- Laptop or computer (if required for coursework).
- Examination and library fees.
- Other education-related expenses as approved by Credila.
Repayment Options for Overseas MS Loan for Students
Repayment for master’s education loans is designed to be student-friendly and flexible:
- EMI-Based Repayment: Start paying in EMIs after the moratorium ends.
- Part-Payment Option: Make partial payments during the course to reduce the total interest.
- Flexible Tenure: Repayment tenure of up to 15 years based on your profile.
- No Prepayment Penalty: You can repay early without any additional charges.
Why Avail a Credila Education Loan?
Save time. Go online.
Customer-centric processes with just 3 steps to disbursement.
We cover it all
Up to 100% financing of tuition and living expenses.
Start early. Apply before admission.
Benefit from seamless loan sanctions.
Friendly rates. All the way.
Student loans with customised interest rates.
Dream big. Achieve bigger.
Exploring funding for larger education costs? Not a problem.
Pan-India network of branches
Enjoy multi-city co-borrower(s) and collateral flexibility.
The benefit of tax saving
Added tax deductions# that bring down your cost of financing
Flexible payment plans
Repayment tenure of up to 15 years.
No hidden charges
What you see is what you pay.
Disclaimer: Deduction under Section 129 of the Income Tax Act, 2025 (erstwhile Section 80E of the Income Tax Act, 1961) is available only under the old tax regime and shall not be applicable if the taxpayer opts for the new tax regime. Customers are advised to consult their tax advisors for applicability.
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