Education loan

With the education loan, the Federal Government supports students in advanced stages of their education with a simple and low-interest loan. Funding is also provided for second and follow-up training as well as training-related internships at home and abroad. Once approved, no proof of academic achievement is required. The loan is granted regardless of the assets and income of the applicant and his/her parents or partner. In addition, the education loan can be combined with other financing offers such as BAföG.

The key data at a glance:

Loan amount:

  • Loan volume from 1,000 EUR to 7,200 EUR
  • up to 24 monthly instalments of 100 EUR, 200 EUR or 300 EUR
  • optional one-time payment of up to 3,600 EUR for training-related expenses
  • free cancellation possible at any time at the end of the month

Interest rate:

  • Very favourable interest rate: 0.52 per cent APR, borrowing rate 0.52 per cent (as at 01.10.2020).

Repayment:

  • four years after the due date of the first instalment
  • Low monthly repayment instalment of 120 EUR
  • Extraordinary repayments possible at any time and in any amount free of charge

Information & Application


KfW Student Loan

The KfW Student Loan supports students in their first or second degree or during their doctorate – without loan collateral and regardless of income/assets. Students of full age at a state or state-recognised higher education institution located in Germany are eligible for the loan. The KfW Student Loan can be combined with other promotional programmes such as BAföG or Education loan.

Loan amount:

  • Monthly instalments from 100 EUR to a maximum of 650 EUR
  • Up to 14 promotional semesters (depending on age)

Interest rate:

  • Variable, semi-annual adjustment to the capital market development

Repayment:

  • Repayment begins after 18 months (grace period). If the grace period begins in the middle of the semester, up to 5 months can be added.
  • Maximum repayment period: 25 years
  • The amount of the instalments can be calculated with the repayment calculator.
  • Unscheduled repayments and an adjustment of the repayment instalment are possible at any time.

Information & Application

  • Information on the KfW Student Loan
  • We are a sales partner of KfW-Förderbank and can help you with your application. You can find the forms here. Please make an appointment with us to check and submit your application.

Contact

Heike Wolf
Phone: 0261 287-1114
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Inge Grauel
Phone: 0261 287-1112
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