Are you dreaming of studying in the Netherlands? If so, it’s a worthy decision. You get to dive into Dutch culture and be exposed to a range of job opportunities. World-class universities make it a student-friendly destination. However, you need to have a minimum bank balance of EUR 900 per month (INR 81,310) to prove that you are financially strong to support your studies in the Netherlands. Let’s check out all the details of the minimum balance requirements for a Netherlands student visa.
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Minimum Balance Requirements for Netherlands Student Visa
Before we know the actual figures, let us help you with the type of visas required to study in the Netherlands. The Dutch Immigration and Naturalization Service (IND) provides you with a Schengen Visa for pursuing courses in less than three months. The minimum balance requirement for a Schengen visa is EUR 1200 to 1500 per month for other EU countries, but EUR 900 is required as a minimum bank balance for a Netherlands student visa.
The next type of visa is the MVV or Entry Visa for international students enrolled in full-time degree courses for more than three months. The balance requirement for this remains EUR 900 per month (INR 81,310).
| Minimum Bank Balance for Netherlands Student Visa | |
| Schengen or MVV Visa | EUR 900 per month (INR 81,310) |
| Visa Fee | Schengen – EUR 80 (INR 7227)MVV- EUR 207 (INR 18,701) |
Please Note: Always check the latest minimum balance requirements with the Dutch consulate or embassy in your home country as these figures are updated by the IND twice a year.
Also Read: Want to take an education loan to cover the finances required for abroad studies? Check out the blog on student loans for the Netherlands.
A minimum balance is required so that the government feels confident of you being able to cover the expenses of your study and stay. This includes covering expenses such as tuition fees, living and accommodation expenses, student travel insurance, medical expenses, etc.
Tuition Fees
While tuition fees might be paid separately, having sufficient balance proves your ability to manage overall financial obligations during your studies. This can be covered via education loans or any other kind of financial assistance that may be required to pay a tuition fee of EUR 8000 to 30,000 per year in the Netherlands.
Living Expenses
You’ll need to prove you have around EUR 900 to 1500 per month (INR 81,310 to 1,35,510) to cover accommodation, food, transportation, and other living costs. This amount is subject to change.
Financial Documents for Netherlands Student Visa
The visa acceptance ratio in the Netherlands is about 95%, making it an easier choice for students to pursue academics in top-class universities. The reasons for visa rejection are minimal if you pay importance to the minimum balance requirements for a Netherlands student visa and provide original documents for your student visa. Check out the list below-
- Provide recent bank statements (usually 3-6 months) clearly showing the required funds in your account.
- If someone else is supporting you, include a notarized sponsorship letter along with their bank statements and proof of relationship.
- While not always necessary, you can strengthen your application with documents like savings, investments, or credit statements.
- Provide a copy of the education loan sanction letter mentioning the breakdown of funds provided by the bank/ lender to cover tuition fees and accommodation expenses.
- Travel insurance of a minimum of EUR 30,000 is also required.
Also Read: Want a secured loan at low interest rates? Check here all about education loan against FD to study abroad
Tips for Netherlands Student Visa
It is important to maintain a minimum balance of EUR 900 in your account for a Netherlands student visa. Besides, you must always submit original documents. Always consider these important tips when applying for a Netherlands student visa, because this is what can happen to your education loan if your visa is rejected.
- Ensure your bank statements are in Euros. If not, provide a conversion certificate from a bank.
- Use recent bank statements (ideally within 3 months of your visa application).
- Make sure your name and account details are visible on the statements.
- Rabobank is one the best accounts for international students to show minimum balance requirements for a Netherlands student visa, similar to Blocked accounts in Germany for international students.
By providing comprehensive financial proof, you significantly increase your chances of securing a Netherlands student visa. Remember to check the specific requirements of the Dutch embassy or consulate for the most accurate and up-to-date information.
To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
FAQs
Yes. You need to have a minimum bank balance of EUR 900 per month (INR 81,310) to prove that you are financially strong enough to support your studies in the Netherlands.
Yes. It is mandatory to show the minimum balance in your bank account. Rabobank is one the best accounts for international students to show minimum balance requirements for a Netherlands student visa to ensure you can cover the day-to-day expenses of studying abroad.
You need to provide important financial documents like recent bank statements (usually 3-6 months), a notarized sponsorship letter, and an application with documents like savings, investments, or credit statements.
Make sure to show recent bank statements (3-6 months) displaying the required funds in your account. Bring official documentation and consider including savings, investment, or credit documents.
Always ensure that your bank statements are in Euros. If not, you’ll need a conversion certificate from your bank to show the equivalent amount in Euros.
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