Funding Solutions for Studies inGermany

Germany has become a popular destination for international students, which is proven by the fact
that it has the third largest international student population in the world. This is because Germany
has some of the best universities in the world.

Every year thousands of Indian students go to Germany for their higher education or to pursue
research at Germany's world class universities that have cutting-edge research facilities and
infrastructure. Around 17 universities in Germany have made it to the world's 250 top ranking
universities.

 HDFC Credila understands the various courses at Degree and Diploma level offered by
colleges and Universities in the Germany.
 Around half of the Indian students opt for engineering studies, followed by Natural Sciences
to study in Germany.
 Opening a Blocked Account (Sperrkonto) in German Bank: HDFC Credila pre-visa
disbursement helps you to get funds in your "Sperrkonto" account before you go for Visa
process.
 Living expenses in Germany are more than tuition fees. HDFC Credila understands this and
launched customized education loan products and solutions where the funding can be
arranged at the right stage for the deserving candidates.
 Unison of Research and Application has imparted a competitive advantage to the German
Education System at compare to other countries.
 HDFC Credila has funded thousands of students to pursue higher education in various
Universities in Germany

How do I choose German University?

There are various kinds of Universities in Germany. Most of these can be broadly categories into two
types.

 General Universities including Technology Universities: These universities are research-

oriented, which can offer a wide variety of subjects. These universities can award doctorate
degrees too.
 Universities of Applied Sciences: These are the practice-oriented Universities, which offer
courses mainly in engineering, business administration, social sciences and design. These
universities do not award doctorate degree, however a master degree holder and apply for
PhD at a university.

Eligibility

The eligibility criteria for all German universities is different, as all the universities are autonomous,
meaning they all have their own rules and regulations. Many universities ask students to submit their
GRE/GMAT scores at the time of application to engineering and management courses.
TOEFL/IELTS scores are also needed in case you have opted for an English taught course. In case
the course instruction is partially in German, students are required to submit TestDaF/DSH
certificates to prove their proficiency in the German language. Knowledge of German is not a
prerequisite if your programme is in English but a basic knowledge of the German language is
always good as it will help you in your day to day life in Germany.

Amazing Job Opportunities

Germany is the largest exporter of automobiles in the world and houses top car brands like Audi,
Porsche, BMW, Mercedes, etc. Making a career with such world leaders is like a dream coming true
for many students and Germany helps you achieve it in the form of extended visas! According to the
visa regulations, students who have completed their study in Germany can extend their visa up to 18
months to search for a suitable employment opportunity. The rules regarding visa and residence
permits and the EU Blue Card are also not that stringent as compared to other countries.

Work in Germany and EU Blue Card

The EU Blue Card enables third-country nationals who are university graduates or who have a
comparable qualification to receive a residence title for the purpose of employment suiting their
qualification.

The EU Blue Card is a residence permit which, when issued for the first time, is valid for a maximum
of four years. It is issued subject to the following conditions:

 a German or recognised foreign or comparable foreign higher educational qualification

 submission of an employment contract or a binding job offer
 as a matter of principle proof of a minimum annual gross salary of 48,400 Euro.
Exception: A lower salary threshold of 37,752 Euro is applied for EU Blue Cards issued to
scientists, mathematicians and engineers, as well as to doctors and IT specialists.
 restricted to a maximum of four years when first issued.
Exception: If the employment contract is shorter than four years, the residence title is issued
for a period that is limited to the term of the employment contract, plus three months.

Holders of an EU Blue Card are to be issued with an unlimited settlement permit if

 they have held their employment as a highly-qualified person for more than 33 months
 they can demonstrate that they have made obligatory contributions in this period or show
other proof of expenditure to obtain an entitlement to insurance benefits which are
comparable to those from statutory pensions insurance
 the other prerequisites generally necessary for issuing a settlement permit are met
If the holder of the EU Blue Card has an adequate knowledge of German (level B1), the settlement
permit is issued earlier, namely after 21 months
Low Cost

The cost varies according to the urban or rural setting of your university town/city and according to your
lifestyle. The living cost plus studying cost in Germany is very less as compared to other foreign
countries offering similar programmes. Apart from this, Germany also allows students to work while
pursuing their education. Foreign students are allowed to work for 120 full days or 240 half days in a
year. This has to be at par with the rules and regulations laid down in Germany and the students need a
prior permission before starting work. Various part time jobs are also available for students at the
universities and colleges where they study.

If you are looking for the best higher education and a rewarding career with the best industries in the
world, Germany is the place to be!

Education Loan Application Process

Fill up
1
Online Application Form
HDFC Credila Visit &
2
Submit Supporting Documents
Final Review,
3
Approval, Money

HDFC Credila has a student friendly education loan application process:

 Student: To complete Credila's online Education Loan Application Forms
 HDFC Credila: To follow‐up with the student & parents to answer questions
 HDFC Credila: Representative visits your house & collects signed application form with the
supporting documents
 Student: To provide a completed Education Loan Application form with all the required
supporting documents
( Note: Students can apply to HDFC Credila for Education Loan even before confirmed
admission )
 HDFC Credila: Credit team to review & underwrite the Education Loan application
 HDFC Credila: To approve the education loan or ask for any additional information required
 Student: To complete the education loan disbursement formalities by signing the education loan
agreement
 HDFC Credila: The education loan amount is deposited in the required bank account
electronically
. Fully Completed Application Form
2. Photos
3. Photo ID
4. Residence Proof
5. Proof of Admission
6. Academic Documents
7. Bank Statements
8. Income Proof of Co‐Applicant
9. Immovable Property Document

1. Fully Completed and Signed Application Form –

To Download Loan Application Form in PDF Format Click Here

2. Two Passport Size Photos – Applicant and Co‐Applicant

One set to be pasted on the Application Form and second set to be affixed (stapled) to the
Application Form

3. Photo ID – Applicant and Co‐Applicant (Any one of the following)

 Permanent Account Number (PAN) Card

 Passport
 Driving License
 Aadhaar Card
 Voter's ID Card

4. Residence Proof – Applicant and Co‐Applicant (Any one of the following)

 Passport
 Driving License
 Aadhaar Card
 Voter's ID Card
5. Proof Of Admission (If available)

Printed Admission Letter From the Institute on its Letterhead With Institute’s Address
6. Academic Documents of Student

 Marksheet/Certificate of 12th Exam

 Marksheet/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.
 Marksheet of Any Entrance Exam Taken e.g. CAT, CET, etc. (If applicable)
 GRE/GMAT/TOFEL/IELTS, etc. Marksheets (If applicable)
 Scholarship Documents (if applicable)
7. Last 8 Months Bank Statements of Co‐Applicant

(If more than one bank account, provide copies of all)

Make sure to include the bank statements of the Bank Account where Salary or Business/
Professional receipts are credited every month.

8. Income Proof of Co‐Applicant

A. In case of Salaried Employee (All the following)

 Latest 3 Salary Slips or Salary Certificate on Employer's Letterhead
 Last 2 year's Form 16 from Employer or Last 2 Year's Income Tax Returns
 Any Other Income Proof That is Not Reflected in the Above Documents

B. In case of Self Employed or Professional (All the following)

 Last 2 Year's Income Tax Returns
 Last 2 Year's Certified Financial Statements or Provisional Financial Statements Duly Certified
by CA
 Proof Of Office (any one of the following, Lease Deed, Utility Bill, Title Deed, etc.)
 Any Other Income Proof That is Not Reflected in the Above Documents
9. If, Collateral – Immovable Property (Flat, House, Non‐Agriculture Land) (All the Relevant
Documents from the Following List)

 Property Title Deed

 7 / 12 extracts in case of land
 Registered Sale Agreement Along With Society Share Certificate
 Original Registration receipt for the above agreement
 Allotment Letter By Municipal Corporation / Authorized Govt. Authority Like MHADA,
CIDCO, etc. Please add HUDA, DDA, JDA, GIDC etc
 Previous Chain of Sale Deed establishing title
 Latest Maintenance bill alongwith Receipts issued by builder/ society, Latest Property
tax bill alongwith receipts, NOC for mortgage from society/builder, Approved building
plan

Encumbrance certificates as on date etc

Note: Other than original completed application form, Please DO NOT provide any original
supporting documents to HDFC Credila at the time of applying for loan. All the copies of the above
provided documents should be self-attested.

Funding Solutions for Studying Engineering

With 700 Universities and more than 35,000 affiliated colleges enrolling more than 20 million
students, Indian higher education is a large and complex system.

The structure of degree-granting institutions is cumbersome primarily due to affiliation and funding
sources. One-sixth of all Indian students are enrolled in Engineering/Technology degrees.
To empower these lakhs of students to choose the institute of their choice and fund it with
ease, is now possible with HDFC Credila's education loan:

 Covers both tuition fee and living costs.

 HDFC Credila offers longer repayment tenure easing the burden of repayment.

hence, with the multiple benefits of education loan coming to the fore, many students have started
choosing an education loan over using parents saving for financing higher education. The
application process with HDFC Credila is simple, convenient and very quick, making HDFC Credila a
popular choice amongst students and parents.

Education Loan for Foreign Education

HDFC Bank helps youth achieve their dreams of studying overseas with the Credila Education Loan -
India’s first dedicated Education Loan specialist. With opportunities increasing across the globe, you
education and future are in the safe hands of HDFC Bank.

 Collateral is a necessary element that a recipient has to keep with him to

get a loan. Securities can also be used as collateral.