Got an admit to Japan? Compare education loans from 12+ banks & NBFCs, rates from 8.6% (if simple interest is paid during the course; 9.6% otherwise), and see how much you can borrow, your EMI, and the Japan Student Visa (College Student / Ryugaku) proof you'll need.
ā¹15ā35 L
Typical Loan
Free
Counsellor call
From 8.6%
(if simple interest is paid during the course; 9.6% otherwise)
Loan Snapshot
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Up to high limits
ā¹15ā35 L typical for Japan
Collateral-free
Unsecured options available
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The Complete Guide
Japan is a college or institute in Japan. For Indian students, a typical Japan programme costs ā¹26ā48 L for a 2-year Master's in total, so most fund it with an education loan rather than paying out of pocket.
For Japan, Indian banks and NBFCs sanction loans of ā¹15ā35 L on average, with unsecured limits going significantly higher for strong academic and co-applicant profiles. Top lenders for Japan include SBI Global Ed-Vantage, Bank of Baroda (Baroda Scholar), ICICI Bank Education Loan each with different rates, processing times and university lists, which is why comparing offers matters.
FundMyCampus matches you to the right lender for Japan and handles the paperwork end-to-end, completely free for students. This guide covers how much you can borrow, the best banks, cost breakdowns, EMI estimates, and the Japan Student Visa (College Student / Ryugaku) financial proof you'll need.
Your Journey
From admit to disbursement, what FundMyCampus handles end-to-end.
Check eligibility
Free 2-min quiz tells you which banks will approve and at what rate.
Submit documents
Upload through our portal. We organise and stress-test before submission.
Sanction in days
Most Japan loans approved in 5ā14 days. We chase the bank for you.
Disbursement
Bank wires fees directly to Japan. You focus on the move.
Rates for Japan studies span roughly 8.85%ā14.5%. PSU banks (SBI, Bank of Baroda) are cheapest at 8.85%ā10.75% but slower (15ā25 days) and need collateral above ā¹7.5 L. Private banks (ICICI, Axis) at 10.25%ā13% offer faster approval and decent unsecured limits. NBFCs (Credila, Avanse) at 10.75%ā14.5% provide the highest unsecured amounts and the most flexible profiles. Because Japan's national-university tuition is low and scholarships are common, loan sizes are usually small. So the rupee difference between lender types is modest. Many students prioritise the bank that funds their specific university and can move fast enough for the visa timeline. On a ā¹25 L loan, an 8.85% PSU loan versus a 13% NBFC loan saves roughly ā¹6 L over 10 years.
SBI Global Ed-Vantage
Max: ā¹1.5 Cr
9.15% to 10.15%
Lowest rates for Japan studies. Funds national and reputed private universities. Best for students with collateral or admits to top public universities. 15ā25 day processing.
Bank of Baroda (Baroda Scholar)
Max: ā¹1.5 Cr
8.85% to 10.75%
PSU alternative to SBI with competitive rates and a recognised foreign-university list covering Japan's national universities. Often faster at Tier-2 branches.
ICICI Bank Education Loan
Max: ā¹1 Cr unsecured
10.25% to 12.75%
Fast 7ā14 day approval and strong unsecured limits for top Japanese universities. Best private-bank choice for STEM and research programs.
Axis Bank Education Loan
Max: ā¹75 L
10.50% to 13.00%
Flexible co-applicant norms and quick digital processing. A solid option for Master's and research programs at Tokyo, Kyoto, and Osaka universities.
Credila
Max: ā¹1 Cr unsecured
10.75% to 13.50%
Largest unsecured amounts with 5ā8 day approval. Best for late admits or when you need full financing without pledging property.
Avanse Financial Services
Max: ā¹75 L unsecured
11.25% to 14.50%
Most flexible on profile and Tier-2 Japanese universities. Approves cases banks decline and funds language-school-to-degree pathways.
PNB Udaan
8.6% (if you pay simple interest during the course; 9.6% otherwise)
PNB Udaan standard, with collateral. Without collateral: rate on request. Rates confirmed by FundMyCampus with PNB.
Japan is a relatively affordable destination, especially at national universities where tuition is low (often ā¹3ā5 L per year) and MEXT or university scholarships further cut costs. So loan requirements are typically modest (ā¹15ā35 L). PSU banks (SBI, Bank of Baroda) offer collateral-free loans up to ā¹7.5 Lakhs and require collateral above that. For the typical Japan Master's loan, collateral such as residential property (LTV 75ā85%), fixed deposits (LTV up to 90%), or LIC policies secures the best rates. Private banks (ICICI, Axis) and NBFCs (Credila, Avanse) offer unsecured loans up to ā¹75 Lāā¹1 Cr for reputable Japanese universities, underwriting on the co-applicant's income and your program's earning potential. Because national-university tuition is low and many students secure partial scholarships, a large number of Japan-bound students need only a ā¹15ā25 L loan, often achievable unsecured through a private bank or NBFC without pledging any asset.
Use these Japan estimates to right-size your Japan loan, under-borrowing forces 18%+ personal loans abroad, over-borrowing wastes interest.
Tuition
Living
Travel
Misc + Books
Average Total Program Cost
ā¹26ā48 L for a 2-year Master's
Typical for Indian Master's students
| Program | Tuition | Living | Travel | Misc | Total |
|---|---|---|---|---|---|
| Master's (2 yrs) | ā¹6ā18 L | ā¹16ā24 L | ā¹1.5ā2.5 L | ā¹2ā3 L | ā¹26ā48 L |
| PhD (3 yrs, often funded) | ā¹0ā12 L (frequently waived) | ā¹24ā36 L (often stipend-supported) | ā¹2ā3 L | ā¹3ā4 L | ā¹10ā35 L (with funding) |
| Bachelor's (4 yrs) | ā¹14ā32 L | ā¹32ā48 L | ā¹3ā4 L | ā¹4ā6 L | ā¹53ā90 L |
| Japanese Language + Diploma (1ā2 yrs) | ā¹6ā12 L | ā¹12ā22 L | ā¹1.5ā2 L | ā¹1.5ā2.5 L | ā¹21ā38 L |
Visa Essentials
What you need to prove for your Japan student visa to Japan
Year 1 fees
Tuition Proof
ā¹8ā14 L per year
Living costs
Accepted
Loan sanction letter
3 key items
Requirements
Key Requirements
The Japan Student Visa process begins with a Certificate of Eligibility (CoE), which your Japanese university applies for on your behalf with the Immigration Services Agency.
Japanese immigration places strong emphasis on a clear, well-documented funding source.
Because many students rely on a mix of loan, family funds, and scholarships (such as MEXT or JASSO), it helps to show layered financial proof: the loan sanction for tuition and core living costs, plus family liquid assets for any gap.
Requirement 1
The Japan Student Visa process begins with a Certificate of Eligibility (CoE), which your Japanese university applies for on your behalf with the Immigration Services Agency. To obtain the CoE, you must demonstrate financial capacity to cover tuition and living expenses for the duration of study. Required proof typically includes: (1) Bank balance certificate and statements (often 3ā6 months) showing access to funds. (2) Education loan sanction letter on bank letterhead stating the sanctioned amount and disbursement plan. (3) Co-applicant's income proof, employment certificate, and ITRs for the last 2ā3 years. (4) A statement explaining the source of funds.
Requirement 2
Japanese immigration places strong emphasis on a clear, well-documented funding source. A sanctioned education loan plus the co-applicant's verifiable income is an ideal combination. Once the CoE is issued, you apply for the actual student visa (College Student status) at the Japanese Embassy/Consulate in India, submitting the CoE, passport, admission letter, and photographs. The visa is usually granted quickly thereafter.
Requirement 3
Because many students rely on a mix of loan, family funds, and scholarships (such as MEXT or JASSO), it helps to show layered financial proof: the loan sanction for tuition and core living costs, plus family liquid assets for any gap. FundMyCampus helps prepare a clean sanction letter and supporting documents that satisfy both the CoE application and the embassy's visa requirements.
Indicative EMIs for a Japan education loan, 10-year repayment after the moratorium period.
ā¹15 L Ā· 9% Ā· 10 yrs
~ā¹19,000
Monthly EMI
ā¹25 L Ā· 9.5% Ā· 10 yrs
~ā¹32,300
Monthly EMI
ā¹40 L Ā· 10% Ā· 10 yrs
~ā¹52,900
Monthly EMI
ā¹30 L Ā· 11% Ā· 12 yrs
~ā¹37,600
Monthly EMI
ā¹20 L Ā· 9% Ā· 15 yrs
~ā¹20,300
Monthly EMI
ā¹45 L Ā· 10.5% Ā· 12 yrs
~ā¹55,100
Monthly EMI
After Graduation
What awaits Japan graduates post-study
Available
Post-study work
Yes
PR pathway
Strong
Salary growth
~1,500+
Indian students to Japan a year
Highlights
Japan offers strong and increasingly welcoming post-study work pathways for international graduates, driven by an ageing workforce and a national push to attract skilled foreign talent.
Japan's Highly Skilled Professional points-based system rewards graduates with advanced degrees, Japanese language ability, and relevant experience, high scorers gain faster access to permanent residency (as quick as 1ā3 years).
Starting salaries for international graduates typically range from Ā„3.5ā6 million per year (roughly ā¹20ā35 L), with higher packages at major tech and automotive firms.
Japan offers strong and increasingly welcoming post-study work pathways for international graduates, driven by an ageing workforce and a national push to attract skilled foreign talent. After completing a degree, graduates can switch from the College Student visa to a 'Designated Activities' job-hunting visa, valid for up to one year (extendable), to search for employment in Japan. Once you secure a job, you transition to a work visa such as 'Engineer/Specialist in Humanities/International Services', which covers most tech, engineering, and corporate roles.
Japan's Highly Skilled Professional points-based system rewards graduates with advanced degrees, Japanese language ability, and relevant experience, high scorers gain faster access to permanent residency (as quick as 1ā3 years). The technology, robotics, automotive, semiconductor, and manufacturing sectors actively recruit international engineering graduates, and demand for IT talent is high.
Starting salaries for international graduates typically range from Ā„3.5ā6 million per year (roughly ā¹20ā35 L), with higher packages at major tech and automotive firms. Japanese language proficiency (JLPT N2/N1) significantly boosts both employability and pay. Because Japan study costs are moderate (loans usually ā¹15ā35 L) and salaries are solid, graduates who stay and work can repay their education loan comfortably within a few years. FundMyCampus structures repayment with a moratorium that gives graduates time to complete the job-hunt period before EMIs begin.
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Common questions Indian students ask about funding their studies at Japan
