Education Loan to study Master's 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.
A lot of Indian students look to France for their master’s studies because of its strong academic reputation, diverse programmes, and vibrant student life. Its universities are known for strong master’s programmes in fields like management, engineering, arts, and technology. Since the cost of studying in France can vary depending on the institution, programme, and living expenses, planning your finances becomes an important step. Many students explore overseas education loans as a practical way to organise these costs while preparing for their studies. Here’s a quick look at some universities offering master’s programmes in France.
Universities for Master's in France
| University | Location | Key Highlight |
|---|---|---|
| University of Bordeaux | Bordeaux | Offers a wide range of Master’s programmes across disciplines including science, business, and engineering. |
| Université Grenoble Alpes | Grenoble | Known for interdisciplinary research and strong engineering and technology programmes. |
| HEC Paris | Jouy-en-Josas | Recognised for management and business-focused Master’s programmes with global exposure. |
| ESSEC Business School | Cergy / Paris | Offers internationally oriented programmes with strong industry connections. |
| EDHEC Business School | Lille / Nice | Provides specialised Master’s programmes in finance, business, and analytics. |
| SKEMA Business School | Lille / Sophia Antipolis | Focuses on global business education with multiple international campuses. |
| University of Strasbourg | Strasbourg | Offers diverse academic programmes with a strong emphasis on research and innovation. |
| Université Côte d'Azur | Nice | Known for multidisciplinary programmes and collaborations with international institutions. |
| University of Lille | Lille | Provides a mix of academic and applied Master’s programmes across various fields. |
| Aix-Marseille University | Marseille | One of the largest universities offering a broad range of research-driven programmes. |
| University of Montpellier | Montpellier | Known for life sciences, environmental studies, and research-oriented courses. |
| University of Lorraine | Metz / Nancy | Offers multidisciplinary Master’s programmes with strong regional industry links. |
Source: https://www.mastersportal.com/countries/10/france.html#CountryStudies
Why Study Master’s in France
- Reasonable Tuition Fees: Public universities offer comparatively affordable tuition, making France a budget-friendly choice for many international students.
- Growing English-Taught Options: A rising number of Master’s programmes are offered fully in English, increasing accessibility for non-French speakers.
- Opportunity to Learn French: Students can develop or improve their French language skills, which can be useful in global careers and multinational organisations.
- Strong Focus on Research & Innovation: France invests heavily in scientific research and is home to institutions known for innovation, publications, and scientific achievements.
- Globally Recognised Academic Environment: French universities have a long academic tradition and are respected for quality education across Europe and worldwide.
Source: https://www.mastersportal.com/countries/10/france.html
Types of Education Loans for Master's 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 a Master's Overseas
To apply for an education loan to study overseas, 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) – waived for Sampoorna |
| 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 Master's 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 a Master's 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 a Master's 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 the Credila
Repayment Options for Overseas Master's 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 Credila’s Education Loan for Masters Abroad?
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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