Education Loan for Italy

✓ Avail a loan amount upto 1.5 Cr.

✓ At interest rate as low as 8.50% P.A.

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Both secured and unsecured education loans for Italy are offered by public and private lenders in India. An amount maximum upto Rs 1.5 Cr or even higher can be offered to students depending on their loan profiles, at interest rates starting from 8.50%.

The types of education loans offered for students are:

  • Unsecured Education Loan
  • Secured Education Loan

Unsecured Education Loan for Italy


Loan Parameters


Loan Limit

Upto Rs 60 lacs

Depending on the student’s loan profile, a higher loan amount can also be offered

Expenses covered

    • Traveling Expenses
    • Tuition fees
    • Insurance premiums
    • Library charges and laboratory equipment cost
    • Accommodation and hostel charges
    • Laptop purchasing cost
    • Food and mess charges
    • Laptop purchasing cost
    • Assignments, project cost, and thesis 
    • Cost of study equipment, instruments, and college uniform

  Eligible courses

    • Masters of Business Administration
    • Bachelor in engineering and other undergraduate programs
    • PhD Programs
    • Industrial Training programs
    • Doctoral Programs
    • Hospitality Management Courses

Not just that, you can pursue other courses as well

  Interest rate

Starts from 10.50%

The rate of interest can be negotiated and reduced further if possible 

Moratorium Period

Course duration + maximum upto 1 year

Repayment Duration

Maximum upto 10 years

Repayment policies

    • Students might be required to pay interest during the moratorium period
    • Some NBFCs require students to pay EMIs immediately after the disbursement

Eligibility Criteria

    • The student should be an Indian
    • Admission of the student must be confirmed in any college or university in Italy, which is present in any lender prime university list
    • Co-applicant's minimum income should be at least Rs 4.5 lacs per annum


Banks that offer unsecured loans for Italy

An unsecured education loan for Italy in India can be offered of an amount upto Rs 60 lacs from the following private banks and NBFC lenders:

Axis Bank
HDFC Credila

Note: In India, public banks like SBI, BOB, etc offer an unsecured education loan of up to Rs 7.5 lacs under the VidyaLoans scheme for higher education in Italy. There is absolutely no requirement of collateral security but it is usually tough to get an education loan of such a small amount from a public bank. 

But we can help you get an unsecured education loan of up to Rs 7.5 lacs from a public bank, as we have a separate VidyaLoans team to process special loan requirements. Request a callback from WeMakeScholars to start your loan process at the earliest.

How to get an unsecured education loan for Italy?

Step 1 Reach out to your financial officer at WeMakeScholars or fill out the common application form

Step 2 Mention your loan requirements and other details to complete your loan application

Step 3 After your loan profile analysis, your financial officer will send you a documents checklist and document uploading link. Upload your documents using the link as per the document checklist.

Step 4 Your financial officer will inform you about the progress on your loan application from time to time. If required, take updates from your financial officer by directly calling them

Step 5 You are good to go and take your loan sanction letter from your lender after 2-6 days of uploading your loan documents on the documents portal.

Disadvantages of going directly through banks for an Unsecured Education Loan

Private banks and NBFCs offer education loans of amount upto Rs 60 lacs without collateral, but you will face the following disadvantages if you approach the banks directly for your education loans:

  • Lots of files and unnecessary documents are required
  • Customer care support is sometimes not available
  • Longer processing time
  • Interest rates are comparatively higher
  • Repayment policies are hard

To clear all hurdles, choose WeMakeScholars to apply for an unsecured education loan as we have years of experience in quickly processing the loan file and so far have got thoItalynds of loans sanctioned worth crores.

Why Choose WeMakeScholars for an Unsecured Education Loan?

WeMakeScholars is a fin-tech start-up funded and supported by the IT Ministry, Government of India. It is launched with an aim to provide unbiased education loans to students who lack proper funds to pursue their higher education.

Students choose WeMakeScholars to process their education loans, because of the following advantages:

Negotiation Support - Your financial officer will negotiate with the lender's team on your behalf for better education loan interest rates, if possible.

Lesser Interest Rates - There is a 0.5%-2% interest rate discount on the effective interest rate on student loans processed through WeMakeScholars

No Cost Service - All the loan-sanctioning services provided by WeMakeScholars are totally free of charge for all students.

Quicker sanctioning process - The average loan processing time is 2-6 days for private banks and 15-20 days for public banks. 

Get the best possible interest rates and repayment policies on your education loan with our help.

Documents required for a loan without collateral for Italy

To get an education loan for Italy, students will have to submit the following documents online on the WeMakeScholars documents portal using the documents uploading link shared by their financial officer at WeMakeScholars, otherwise, they can visit the bank also to submit the below-given documents:

Loan Application form 

Scanned copy of your education loan application form, filled on the WeMakeScholars website with 2 passport-size photographs of the applicant.

Bank details and KYC documents of applicant, co-applicant, and guarantor (if required)

1. Telephone Bill, Bank passbook front page copy, Aadhar card, Passport of the applicant, Electricity Bill, Voter ID card as proof of residence (is permanent and present addresses are not the same then, 2 different address proofs will be required)
2. Any one of the following proof of identity will be required, passport of the applicant, PAN card, Aadhar card, election commission ID card, ration card with photo
3. Assets and liabilities statement from the bank officials
4. Last 1 year’s business transactions of the bank if the co-applicant is self-employed and last 6 months' personal bank account statement of the co-applicant, if they are salaried.

Academic documents of the applicant

1. Qualifying exams result, like IELTS, TOEFL, etc scorecard (whichever is required)
2. Letter from the university, stating the total fees of the course with deadlines of payment
3. Letter of confirmation of admission to the university in Italy
4. Applicants academic mark sheets of class 10th, 12th, and degree certificates

Income documents of Co-applicant

If Salaried

1. Salary slip of co-applicant of last 3 months 
2. Company’s ID card
3. Last 2 years' Form 16 details
4. Income Tax Returns of the last 2 years 

If Self-employed

1. Address proof of the business
2. Business balance sheet of last 3 years showing profit and loss statement
3. Income Tax Returns of the last 3 years

Miscellaneous Documents

1. Legal document from applicant and co-applicant side in the special format given by WeMakeScholars financial officer
2. A letter of declaration, stating that the co-applicant will bear all the expenses not covered by the education loan for Italy

Additional docs (if required)

1. Gap certificate on Rs 100 stamp paper by the applicant stating the reason for bread in academic degrees. 
2. Receipt of any payment that was done in recent last 6 months, those were otherwise covered in an education loan
3. If any pending loan is running, then last 1 year loan account statement will be required

The above-given documents checklist is general, however, to get a documents checklist specially made as per your loan profile, contact your financial officer. Use the documents uploading link to fasten your loan application processing.

The repayment plan for unsecured loans in Italy

If any student takes an unsecured education loan for Italy as per the following parameters:

Loan amount - Rs 45 lacs

Rate of Interest - 10.5%

Repayment Duration - 10 years

Then the monthly EMI and loan repayment schedule for the taken education loan will be as per the following amortization schedule

Repayment Cycle


Interest portion

Principal portion

Loan Outstanding

Start of loan EMI





End of year 1





End of Year 2





End of Year 3





End of Year 4





End of Year 5





End of Year 6





End of Year 7





End of Year 8





End of Year 9





End of Year 10






You can get your own amortization schedule as per your loan parameters using the WeMakeScholars Education Loan EMI Calculator. It is the most accurate EMI calculator as it considers all necessary parameters while calculating the EMI.

We offer personalized education loan solutions that are customized to your needs and requirements.

Secured or with the collateral loan for Italy


Loan Parameters


  Loan Limit

Upto Rs 1.5 Cr

Students can try to get a higher loan amount with a better course or university. 

Expenses covered

    • Course fees
    • Premiums of the insurance 
    • Cost of living
    • Traveling expenses (air-fare)

  Eligible courses

    • Masters in business and management studies
    • Bachelors in STEM study programs, engineering, and management study programs
    • Masters in computer application, journalism, animation and design
      Industrial Training programs
    • Diploma courses in programs having high employability chances
      PHD Programs

  Interest rate

Starts from 8.50%

Moratorium Period

Course duration + maximum upto 1 year

Repayment Duration

Maximum upto 15 years

Repayment policies

    • Students are charged simple interest during the moratorium period, however, it is optional for students to pay
    • The interest amount charged during the moratorium period can be added to the total loan amount and students can pay later with EMIs

  Eligibility Criteria

    • Applicants with Indian nationality are eligible to apply for study loans in Italy
    • Students must have  secured admission in prestigious educational institute in Italy

  Types of Collateral

    • Immovable properties - Non-agricultural land, House, Flat, Commercial properties
    • Liquid Securities - Fixed deposit, LIC

  Value of collateral

    • The value of the property as immovable collateral should be at least of the asked loan amount.
    • The value of liquid security as collateral should be at least equal to the asked loan amount.


Banks that offer secured loans for Italy

Secured education loan for Italy is offered by the following public and private banks in India: 

  • State Bank of India
  • Union Bank of India
  • Bank of Baroda
  • Karur Vysya Bank
  • IDFC Bank
  • Axis Bank

How to get a Secured loan for Italy?

Step 1 Talk to your financial officer at WeMakeScholars, to get your loan profile analyzed and know the best lender suiting your profile.

Step 2 Provide your loan profile details about your loan requirement, type and value of collateral, course of study, country, etc to help your financial officer analyze your profile. 

Step 3  Post loan profile analysis your financial officer will suggest to you all possible lenders suiting your profile.

Step 4 Use the WeMakeScholars documents uploading link to upload your documents on WeMakeScholars documents portal as per the documents checklist

Step 5 Collect your loan sanction letter from the bank after signing the documents of formality.

Disadvantages of going directly through banks for a Secured Education Loan

You will have to face the following disadvantages, if you approach to the banks directly to process your education loan for Italy:

  • Arranging unnecessary documents
  • Longer processing time
  • Insufficient loan product details
  • Discrepancy in legal and valuation reports 
  • Higher processing fees

Why Choose WeMakeScholars for a Secured Education Loan?

WeMakeScholars is partnered with 14+ public and private banks in India. Our main motive is to provide unbiased education loans to students who lack proper funds to pursue their higher education in India or abroad. 

Students enjoy the following benefits, when they apply for their education loan 

Tax saving procedure - Your financial officer will guide you to take benefits under the Section 80E and 80C of the Income Tax Department, to save your taxable income because of education loans

Cashback Reward - You will get upto Rs 3000 as cashback from WeMakeScholars at the time of your loan disbursement from your lender bank

Documents checklist - A proper documents checklist will be provided to you by your financial officer after your loan profile analysis, which will reduce your burden of arranging multiple unnecessary documents

Online application procedure - In the era of digitalization, you can apply online and complete the processing for your education loan at the comfort of your home only through WeMakeScholars.

All the above-mentioned benefits will be served to applicants choosing WeMakeScholars as their education loan processing partner.

Our education loan service provides you with the best possible education loan for your studies abroad.

Documents required for a loan with collateral for Italy

Applicants will have to submit the documents mentioned in the unsecured education loan documents section along with the below-mentioned collateral documents to take a secured education loan for Italy:

  • Original registration documents of the property
  • Plot or plan layout of the municipality-approved building  
  • Sale agreement or gift deed 
  • Allotment letter of property by authorized government body like MHADA, CIDCO, DDA, HUDA, or municipality corporation
  • Property title deed
  • Electricity bill and recent property tax receipts of the same address
  • The last 30 year’s sale deed agreement is necessary

You will be provided with a documents checklist by your financial officer having a blend of both normally required and required collateral documents, so that you can upload your documents all at once on WeMakeScholars documents portal to speed up your loan process.

Repayment plan for Secured Education loans in Italy

If you have taken a secured education loan as per the following conditions:

  • Loan amount - Rs 50 lacs
  • Rate of Interest - 9%
  • Repayment duration - 15 years

Then your repayment schedule for a secured education loan will look like the following:

Repayment Cycle


Interest portion

Principal portion

Loan Outstanding

Start of loan EMI





End of year 1





End of Year 2





End of Year 3





End of Year 4





End of Year 5





End of Year 6





End of Year 7





End of Year 8





End of Year 9





End of Year 10





End of Year 11





End of Year 12





End of Year 13





End of Year 14





End of Year 15






While processing your education loan with WeMakeScholars, you can use the WeMakeScholars education loan EMI calculator to know your repayment schedule and EMI amount in advance. 

To get more information about your education loan processing, speak to your financial officer at WeMakeScholars

Worried about the cost of studying abroad? Let us help you get the right education loan for you.

Expenses covered for education loans in Italy

Education loan for Italy will take care of the following expenses:

  • Tuition fees
  • Traveling expenses
  • Cost of accommodation
  • Food and mess expenses
  • Premiums of insurance 
  • Laptop buying cost
  • Laboratory and library fees
  • Cost of project works, study tours, and thesis 

Any other expense which is considered to be necessary for the studies will also be included in the education loan expenses

Special education loan schemes for Italy

Education loan for Bachelors in Italy

Indian students planning to pursue their bachelor's degree in Italy are provided education loans to take admission in STEM courses or any other courses with high employability chances

Education loan for Master in Italy

Students take education loans of upto Rs 1.5 Cr or even more to pursue their masters in Italy. The course has special demand among students who want to make careers after studying STEM and management courses. 

Education loan for PG Diploma in Italy

Students take education loans up admission into PG Diploma courses, in subjects like risk management, data science, computer applications, animation etc as they have good scope of employment in the future.

Education loan for MBA in Italy

Indian students choose Italy as a study destination to pursue their MBA due to top-class educational facilities. Students can get an education loan of upto Rs 1.5 Cr or more at interest rates starting from 8.50%.

Our education loan service is fast, reliable, and hassle-free. Request a callback to learn more.

Scholarships for studying in Italy

There are many student scholarships for Italy, some of the following are listed below:

1. Education Future International Scholarship - Italy & Non-Italy 2022
2. NUS Research Scholarship, 2022
4. ETS TOEFL Scholarships
5. Lee Kuan Yew Scholarship 
6. UICC Technical Fellowships 2022
7. National Air Transportation Association (NATA) Pioneers Of Flight Scholarship 2022
8. British Council IELTS Award 2022
9. UICC Technical Fellowships 2022
10. IWMF Howard G. Buffett Fund, 2022

To find more scholarship opportunities to study in Italy, suiting your requirement, search on WeMakeScholars Scholarship Portal. There are many partially and fully funded scholarships that are available to help students.

Universities recognized for Education Loans in Italy

Students from all around the world come to Italy to study in the below-mentioned top 10 universities in Italy according to USNews :

1. University of Padua
2. University of Bologna
3. Sapienza University Rome
4. University of Milan
5. University of Naples Federico II
6. University of Turin
7. University of Pisa
8. University of Florence
9. University of Trento
10. University of Milano-Bicocca

If the university in which you are planning to take admission is not in the above list, do not worry, call your financial officer to know which university is under which bank’s prime university list or fill out the eligibility check form to know your loan eligibility.

Education Loan FAQs

  • What are the preferred study programs in Italy?

    Students go to Italy to pursue their master's, bachelor's, doctoral degrees, and diploma courses.

  • How do I repay my student loan?

    The borrower will have to follow a repayment schedule as per the amortization table given by their lender bank or they can get it using WeMakeScholars Education loan calculator. However, you can pay back your loan early also, even before the repayment duration ends. For more information, visit WeMakeScholars.

  • Can I get a loan to study in Italy?

    Yes, you can get both unsecured and secured education loans from private and public banks in India, respectively. You can apply online for an education loan for Italy through WeMakeScholars website.

  • Can I get a 100% student loan?

    Yes, you can get a 100% student loan that covers your course fees, living expenses, insurance premiums, travel expenses, and all other study related expenses in Italy. To get the best student loan deal choose WeMakeScholars as your loan partner.

  • Can foreigners get an education loan in Italy?

    Yes, international students who have been admitted to Italy may apply for an education loan there. However, Indian students should only borrow money from Indian lenders since they will benefit from lower interest rates, reduced processing costs, and other incentives. Furthermore, even if currency exchange rates parity makes interest rates appear low numerically, international lenders will pay higher interest rates. Visit WeMakeScholars to locate the finest lender in India for your needs.

  • From where can I get an unsecured education loan to study in Italy?

    Private banks and NBFCs provide several loan packages and loan programmes, and you can apply for one of these loans to study in Italy for up to Rs 60 lacs without putting up any collateral. Visit the WeMakeScholars website to fill out an online application for an unsecured student loan.

  • What is the education loan interest rate for Italy?

    In Italy, the secured student loan interest rate begins at 8.50%, while the unsecured loan interest rate begins at 10.5%. However, the interest rate is determined by the bank or lender and the lending programme being used to get the loan. Complete the loan application with WeMakeScholars to receive the best interest rate offer.

  • Which Bank is best for student loans in Italy?

    Public banks in India provide educational loans up to Rs 1.5 Cr at interest rates starting at 8.50% for students planning to study in Italy. Additionally, public banks provide lengthier loan payback terms of up to 15 years, which makes it easier for students to make loan repayments. Therefore, generally public banks are considered best, comparatively. Apply for a loan on WeMakeScholars to locate the finest public lender for an education loan.

  • How much study loan can I get in Italy?

    To study your desired degree programme in Italy, you may be eligible for a secured education loan up to Rs 1.5 Cr and an unsecured education loan up to Rs 75 lacs. If you need a loan for a greater amount, contact WeMakeScholars so that we may work with lenders to secure a bigger loan amount based on your loan profile.

  • How to apply for an education loan to study in Italy as an Indian student?

    You may apply for an education loan to get funding to study in Italy online with WeMakeScholars by filling out the loan application form or requesting a callback. Additionally, your designated financial officer provides full support for the duration of the sanctioning procedure for your student loan.