Got an admit to Luxembourg School of Business? 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 Long-Stay (Type D) Student Visa proof you'll need.
₹15–30 L
Typical Loan
Free
Counsellor call
From 8.6%
(if simple interest is paid during the course; 9.6% otherwise)
Loan Snapshot
Why FundMyCampus
Up to high limits
₹15–30 L typical for Luxembourg
Collateral-free
Unsecured options available
12+ lenders
Compare banks & NBFCs
Free counsellor call
Don't lose your admit
The Complete Guide
Luxembourg School of Business is a college or institute in Luxembourg. For Indian students, a typical Luxembourg programme costs ₹26–42 L for a 2-year Master's in total, so most fund it with an education loan rather than paying out of pocket.
For Luxembourg, Indian banks and NBFCs sanction loans of ₹15–30 L on average, with unsecured limits going significantly higher for strong academic and co-applicant profiles. Top lenders for Luxembourg School of Business include SBI Global Ed-Vantage, ICICI Bank Education Loan, Credila each with different rates, processing times and university lists, which is why comparing offers matters.
FundMyCampus matches you to the right lender for Luxembourg School of Business 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 Long-Stay (Type D) Student Visa 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 Luxembourg loans approved in 5–14 days. We chase the bank for you.
Disbursement
Bank wires fees directly to Luxembourg School of Business. You focus on the move.
Luxembourg loan rates run about 9.65% to 14% across lender types. PSU banks (SBI, Bank of Baroda) are cheapest at 9.65–11.65% but slowest at 15–25 days and cap unsecured lending near ₹50 L. Private banks (ICICI, Axis) sit at 10.5–13.5% with 7–14 day approvals, larger unsecured limits, and smooth Euro remittance. NBFCs (Credila, Avanse) charge 10.75–14% but offer the largest unsecured amounts and fastest approvals. Since low public tuition keeps most Luxembourg loans modest (₹15–30 L), the PSU route often suffices. On a ₹25 L loan, a PSU bank can save ₹4–6 L over an NBFC across a 10-year tenure.
SBI Global Ed-Vantage
Max: ₹1.5 Cr
9.15% to 10.15%
Lowest-cost option for the University of Luxembourg and recognised EU programs. Up to ₹50 L unsecured for premier institutes. Collateral above that. 15–25 day processing.
ICICI Bank Education Loan
Max: ₹1 Cr unsecured
10.50% to 12.75%
Fast 7–14 day approval and smooth Euro remittance. Up to ₹1 Cr unsecured for premier European universities. Strong all-round choice for Luxembourg.
Credila
Max: ₹1.5 Cr unsecured
10.75% to 13.25%
Largest unsecured amounts and quickest approval (5–8 days). Best if specialised finance tuition plus high living costs push your total above ₹40 L.
Bank of Baroda Vidya
Max: ₹1.5 Cr
9.80% to 11.50%
PSU alternative to SBI with competitive rates, often faster at Tier-2 city branches. Good for public University of Luxembourg programs.
Avanse Financial Services
Max: ₹75 L unsecured
11.25% to 14.00%
Flexible NBFC for specialised finance and private-program admits. Accepts varied co-applicant profiles and funds the full living-cost gap.
Axis Bank Education Loan
Max: ₹75 L unsecured
10.75% to 13.50%
Competitive private-bank rates with quick digital processing. Good balance of speed and cost for ₹20–35 L Luxembourg loan amounts.
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.
Luxembourg is unusual: public tuition at the University of Luxembourg is very low (often just a few hundred euros per semester for many programs), so the loan is driven primarily by living costs in one of Europe's most expensive cities. Total need typically lands at ₹15–30 Lakhs for a Master's, comfortably within unsecured limits. SBI and Bank of Baroda offer collateral-free loans up to ₹50 Lakhs for the recognised University of Luxembourg, while ICICI extends up to ₹1 Crore unsecured for premier European institutes and Credila up to ₹1.5 Crore for the costliest specialised-finance combinations. Collateral generally becomes relevant only for higher-cost private/specialised finance master's plus full living, or for multi-year bachelor's where cumulative living costs climb. For secured loans, banks accept residential property (LTV 75–85%), fixed deposits (LTV up to 90%), and LIC policies. Because Luxembourg's job market for finance and tech graduates is exceptionally strong, with high starting salaries, lenders are comfortable extending sizeable unsecured amounts based on expected post-graduation earnings. For the typical Indian student, no collateral is needed, just a financially stable co-applicant.
Use these Luxembourg estimates to right-size your Luxembourg School of Business loan, under-borrowing forces 18%+ personal loans abroad, over-borrowing wastes interest.
Tuition
Living
Travel
Misc + Books
Average Total Program Cost
₹26–42 L for a 2-year Master's
Typical for Indian Master's students
| Program | Tuition | Living | Travel | Misc | Total |
|---|---|---|---|---|---|
| Master's: Public (1.5–2 yrs) | ₹4–9 L | ₹18–26 L | ₹1.5–2.5 L | ₹3–5 L | ₹26–42 L |
| Master's: Specialised Finance (1–2 yrs) | ₹8–22 L | ₹16–24 L | ₹1.5–2.5 L | ₹3–5 L | ₹28–53 L |
| Bachelor's (3 yrs) | ₹2–8 L | ₹36–54 L | ₹3–4.5 L | ₹6–9 L | ₹47–75 L |
| PhD / Doctoral (3–4 yrs) | ₹0–4 L (often funded) | ₹54–72 L (often funded by stipend) | ₹3–5 L | ₹5–8 L | ₹8–25 L (with funding) |
Visa Essentials
What you need to prove for your Luxembourg student visa to Luxembourg School of Business
Year 1 fees
Tuition Proof
₹12–18 L
Living costs
Accepted
Loan sanction letter
3 key items
Requirements
Key Requirements
Luxembourg is part of the Schengen area, and for studies over 90 days Indian students apply for a national long-stay (Type D) student visa plus a temporary authorisation of stay before arrival.
Accepted financial proof includes: (1) An education loan sanction letter from a recognised Indian bank or NBFC, on letterhead, stating the approved amount, that funds are available for disbursement, and the disbursement schedule tied to your admission.
Request a plain-English 'Visa Letter' from your lender summarising the loan amount and commitment — SBI, ICICI, and Credila all provide this.
Requirement 1
Luxembourg is part of the Schengen area, and for studies over 90 days Indian students apply for a national long-stay (Type D) student visa plus a temporary authorisation of stay before arrival. A central requirement is proof of sufficient financial resources to cover living costs for the duration of study. Luxembourg expects students to show €1,555.52 a month, 80% of the REVIS social inclusion income (about ₹19.9 L a year, worked out from the REVIS rate of 1 June 2026, checked on 3 Nov 2026), which is significant given the city's high cost of living.
Requirement 2
Accepted financial proof includes: (1) An education loan sanction letter from a recognised Indian bank or NBFC, on letterhead, stating the approved amount, that funds are available for disbursement, and the disbursement schedule tied to your admission. (2) Co-applicant bank statements for the last 3–6 months. (3) Co-applicant's last 2 years' ITRs. (4) The University of Luxembourg admission/enrolment letter and proof of accommodation. Because tuition is low but living costs are high, a loan that clearly covers living expenses is the strongest single document.
Requirement 3
Request a plain-English 'Visa Letter' from your lender summarising the loan amount and commitment — SBI, ICICI, and Credila all provide this. Applicants who can additionally show family liquid assets as a buffer strengthen the application, as Luxembourg authorities focus heavily on the student's ability to live without recourse to public funds. Carry originals, and begin the process early since the authorisation-of-stay step precedes the visa.
Indicative EMIs for a Luxembourg education loan, 10-year repayment after the moratorium period.
₹15 L · 10.5% · 7 yrs
~₹25,300
Monthly EMI
₹20 L · 10.5% · 10 yrs
~₹27,000
Monthly EMI
₹30 L · 11% · 10 yrs
~₹41,300
Monthly EMI
₹35 L · 11% · 10 yrs
~₹48,200
Monthly EMI
₹25 L · 9.65% · 10 yrs
~₹32,600
Monthly EMI
₹40 L · 11.25% · 12 yrs
~₹50,700
Monthly EMI
After Graduation
What awaits Luxembourg School of Business graduates post-study
Available
Post-study work
Yes
PR pathway
Strong
Salary growth
~700
Indian students to Luxembourg a year
Highlights
Luxembourg offers one of the more attractive post-study pathways in the EU.
The job market is the real draw.
With high salaries and modest loan amounts (₹15–30 L typically), repayment is fast.
Luxembourg offers one of the more attractive post-study pathways in the EU. Non-EU graduates of a Luxembourg higher-education institution can apply to stay and look for work or start a business after completing their studies, typically a residence permit valid for around 9 months to seek skilled employment matching their qualification. Once you secure a job, you transition to a salaried-worker residence permit, and Luxembourg's EU Blue Card route is well suited to high-skill, well-paid roles.
The job market is the real draw. Luxembourg is the EU's leading hub for investment funds, private banking, fintech, and insurance, with a dense concentration of multinational financial institutions, the EU institutions themselves, and a growing tech/space sector. Starting salaries are among the highest in Europe, and finance, data science, law, and ICT graduates from the University of Luxembourg and Luxembourg School of Business are in strong demand. The working environment is highly international and multilingual (English is widely used in finance and tech), which suits Indian graduates.
With high salaries and modest loan amounts (₹15–30 L typically), repayment is fast. A graduate landing a finance or tech role at €55K–€75K+ can comfortably service and prepay a ₹25 L loan within 3–5 years. The combination of low tuition, strong post-study work rights, and a high-paying finance ecosystem makes Luxembourg one of the best return-on-investment destinations in Europe for the right student.
Rated 4.9★ on Google
“Thank you so much, Sir. 🙏🏻✨ I truly don't have enough words to express how grateful I am for all…”
Common questions Indian students ask about funding their studies at Luxembourg School of Business
