Details of the Daka loan
Requirements:
- You are enrolled at a state university in NRW
- You are dependent on financial aid
- You have a guarantor (guarantors must have a residence in Germany, non-EU citizens need a permanent residence permit)
- Note: Your age and number of semesters do not matter
Loan amount:
- The maximum amount is €12,000
- Loan can be distributed between Bachelor and Master degrees
- The loan is completely interest-free, only an administration fee of five percent is charged
Loan disbursement:
- You can arrange the amount of the monthly instalments to suit your needs
- The maximum rate per month is €1,000
Repayment of a loan:
- Repayment begins twelve months after the last instalment
- If you are still studying, repayment can be postponed for another twelve months
- The minimum rate is €150 per month, otherwise you can determine the amount flexibly
New:
- Daka now offers an additional €6,000 for study abroad
- The same guidelines apply to the Daka loan within Germany
To the official → Daka website
