Sweden - lendingbrother.com

Education Loan for Sweden in 2025

Over a dozen universities in Sweden consistently secure top spots in the QS World University Rankings. With globally recognized institutions, a wide range of English-taught programs, a lively student environment, and strong career prospects, Sweden stands out as an excellent destination for international education. If you’re an aspiring student considering studying in Sweden but are concerned about the expenses, let’s explore the overall cost of education and the education loan options that can help support your academic journey.

Sweden is renowned for its prestigious universities offering high-quality education in fields like medicine, arts, science, and technology. The average annual tuition fee for a bachelor’s degree in Sweden is around SEK 129,000, while postgraduate programs typically cost about SEK 220,000 per year.

Here are the top 5 Swedish universities featured in the QS World University Rankings 2023, along with their estimated yearly tuition fees:

QS Rank 2023	University	Annual Tuition Fee
73	KTH Royal Institute of Technology	SEK 310,000 – SEK 366,000
85	Lund University	SEK 200,000 – SEK 225,000
105	Uppsala University	SEK 50,000 – SEK 70,000
139	Chalmers University of Technology	SEK 50,000 – SEK 80,000
181	Stockholm University	SEK 90,000 – SEK 140,000

Check Your Education Loan Eligibility

Click Here

Types of abroad education loans in Sweden

In general, International student loan Sweden can be classified into two categories.

Top Universities in Sweden Eligible for Education Loans

If you’re considering higher studies in Sweden, several highly ranked universities are recognized by banks and financial institutions for education loans. Here are some of the most reputable ones:

KTH Royal Institute of Technology
Stockholm University
Chalmers University of Technology
Kristianstad University
Lund University
Jonkoping University
Linkoping University
Uppsala University
University of Gothenburg
Karolinska Institutet

This list is not exhaustive. To access a complete list of recognized institutions, available courses, and the loan application process, you can reach out to LENDING BROTHERS for personalized guidance.

Secured education loan in Sweden

Financial Aid: Education Loans to Study in Sweden

Planning to study in a globally respected academic destination like Sweden involves financial preparedness. Tuition fees, living costs, and related expenditures can add up—but education loans can significantly ease that burden. You can choose from two main types of loans: Secured and Unsecured.

Secured Education Loans for Sweden

Secured loans require collateral—such as immovable assets (like property) or liquid assets (like FDs or bonds)—to back the loan. These are commonly offered by public banks, private banks, and NBFCs, with public banks typically offering more favorable terms.

Quick Comparison of Secured Loan Options

Lender Name	Maximum Loan Amount (in INR)	Rate of Interest	Margin Money
SBI	Up to 1.5 Cr	10.65% (for girls) 11.50% (for boys)	10%
UBI	Up to 1.5 Cr	10.65% (for girls) 11.50% (for boys)	10%

Application Process: Required Documents for an Education Loan in Sweden

Document requirements may vary depending on your academic and financial background, as well as your co-applicant’s profile.

Documents Required from the Student:

Identity Proof: PAN, Passport, Driver’s License, Voter ID, or any official ID
Completed loan application form
Address Proof: Utility bills, Aadhaar, or Driving License
Copy of student visa
Statement of expenses
Two passport-size photos
Loan account statements (if applicable)

Student’s bank account statements (if applicable)

Unsecured education loan in USA

Academic Records:

10th and 12th standard mark sheets
Semester-wise undergraduate transcripts
Entrance test results (e.g., GRE, TOEFL, GMAT)
Admission letter (conditional admission also acceptable)

Documents from the Co-Applicant:

Identity Proof: PAN, Passport, Driver’s License, or Voter ID
Address Proof: Utility bills, Aadhaar, or Driving License
Two passport-size photographs
Recent 6-month bank statements
Loan account statements (if transferring a previous education loan)
Property documents for collateral (if secured loan)

Income Proof for Salaried Co-Applicant:

Last 3 months’ salary slips
Form 16 for the last 2 years
6-month salary account statement
Statement of assets and liabilities

Income Proof for Self-Employed Co-Applicant:

Business address verification
IT returns for the past 2 years
TDS certificate (Form 16A, if applicable)
Professional certification (for CA, doctors, etc.)
Asset & liability statement
Last 6 months’ bank statement

Here’s a paraphrased version of your content on Repayment of Education Loan for Sweden, with improved readability and a smooth flow:

Lender Name	Maximum Loan Amount	Rate of Interest	Margin Money
Axis Bank	Up to 50 Lakhs INR	11% – 13.50%	5%
ICICI Bank	Up to 1.5 Cr	10.85% – 12.50%	0 – 15%
IDFC FIRST Bank	Up to 35 Lakhs INR	11.50% – 12.25%	Nil
HDFC Credila	Up to 65 Lakhs INR	11.25% – 13%	Nil
ICICI Bank	Up to 1.5 Cr	10.85% – 12.50%	0 – 15%
Auxilo	Up to 65 Lakhs INR	11.25% – 13%	Nil
Incred	Up to 60 Lakhs INR	12.25% – 14%	Nil

Repayment of Education Loan for Sweden

When planning to study in Sweden, understanding the repayment terms of your education loan is crucial. One of the key factors to consider is the repayment duration offered by the lender. During the moratorium period (study period plus grace period), repayment terms vary depending on the type of lender:

How to Apply for an Education Loan for Sweden?

Applying for a student loan to study in Sweden is quite straightforward. But juggling multiple lenders can feel overwhelming. That’s where LENDING BROTHERS steps in with a simplified, guided process:

Check Your Loan Eligibility
Connect with a Dedicated Loan Counselor
Profile Evaluation & Lender Recommendation
Receive a Custom Document Checklist
Loan Verification & Approval (Usually within 7–10 Days)
Loan Disbursement – Funds are transferred either to your account or directly to the university.

Choosing the Best Education Loan Option for Sweden

The ideal education loan depends on your personal academic and financial profile. Here are some general recommendations:

Secured loans often come with higher sanction limits and lower interest rates, making them more economical in the long run.
Many secured loans offer a refundable processing fee, which adds to their appeal.
Unsecured loans are typically processed faster and require less documentation.

NBFCs can cover up to 100% of educational expenses, making them a preferred option for unsecured loans. However, they are private lenders and best considered after exploring public and private bank options.