Study in Abroad

All you need to know about financial documents to study in European countries! (And, it’s quite easy!)

All you need to know about financial documents to study in European countries! (And, it’s quite easy!)

Studying in a European country will make you feel like you are in fairly land having classic study space.  Students in these countries not only experience the study voyage but also get to work on the number of practical projects. But to make your dream come true, you first need to initial planning. Your first step includes deciding upon which European country you want to go in, understand its admission process, preparing the educational documents, writing your LOR, SOP etc.

Your destination is still half achieved as you are required to manage your financials. Today, I am going to give you brief details about financial documents you are required to consider when applying for student visa in Europe.

Proof of funds required in European countries:

  • Germany: block account with 8640 Euro blocked (yearly)
  • Netherlands: 10,500 Euro (approx. 6 Lacs/a year)
  • Georgia: 16000 Lari (approx. 4 Lacs/a year)
  • Latvia: 3840 Lats (approx. 4 Lacs/ a year)
  • France: 615 Euro per month (approx. 40,000/a month)
  • Czech Republic: 13,000 CZK (approx. 40,000/ a year)

Let’s look at some other financial documents in need

Bank statement:

This one document is commonly asked by most of the countries. You are required to provide the bank statement of last 3 months (your parents/ yours).

Sponsorship letter:

This sponsorship letter is an affidavit letter. It is given by the person who sponsors your study abroad. There has to be mention that this “person” is taking care of your living expense and study expense in abroad.

Health insurance

As a foreign student, you are required to take a health insurance policy to avoid hospital’s expense.

Loan disbursement letter

You should also be showing that you have taken a specific amount as a loan (including bank details).

ITR return documents

Your father or another person who has given you support for your financials need to submit ITR   returns documents to the embassy.

That’s all for today. If you find little difficulty in managing your documents, we are right here. Just dial +91 8866071721 or write us at info@mackwinseducation.com

We will be glad helping you throughout your dream journey.

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