How to Obtain Student Loans as an International Student in Spain

Spain is one of the top study destinations for students looking to enjoy learning about culture and history whilst studying. This is because Spain has a good educational system, friendly people, wonderful climate, lots of museums and Galleries.

It might interest you to know that Students in Spain can also travel across Europe especially Paris and London due to the proximity. Spain is a popular study destination for International Students due to its low tuition fee in and cost of living compared to other EU countries and the US.

International students in Spain can also enjoy the benefit of working for up to  40-hours a week while studying.

Read Also: How to Obtain Student Loans in Canada as an International Students.



What are Student Loans?

Student Loans are education Loans which are designed for both citizens and international students studying at approved colleges and universities in Spain.

Student loans were designed to help exceptional students who have insufficient funds to further their education.

There are not so many student loans from the Spanish government but, permanent residents can access special student loans from the government either at the Undergraduate or Postgraduate level.

Student Loans in Spain

Obtaining Student Loans is either from financial institutions or from your university. You would be required to have a guarantor who is a permanent resident in Spain.


Institutions who give out loans to international students are quite many but, you might have to consider their interest rates before applying for a loan.

Sending an email to your university for further information on how to obtain student loans would also be a good idea.

Requirements to Apply For Student Loans?

Provided here is a list of some of the general documents that may be required before you are granted a loan they include:

  • Admission letter from  your university
  • Loan application form
  • Passport size photographs
  • Academic documents (certificates and Transcripts)
  • Residency Status for the student and guarantor
  • Statements of accounts

Is there a Maximum Amount?

Well, Most firms and universities usually do not give out loans that exceed your tuition fees as an international student and sometimes some firms give out about 75% of your expense cost.

When do I Repay Student Loans?

Some firms usually require that you start repaying upon graduation and securing a job whilst some start the loan repayment process payments with no interests within the duration of your program.


Considering other options such as applying for a scholarship, Part-time job or bursary before applying for a loan is quite important.


In a situation where these options are not viable, endeavour reading thoroughly the terms and conditions of the loan you would apply for.


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