Education Loan for International Students to Study in Japan 2023

education loan for japan

Studying in Japan has become an increasingly popular choice for international students seeking quality education and unique cultural experiences. However, pursuing higher education in a foreign country often comes with financial considerations. For those aspiring to study in Japan in 2023, understanding education loans and financial assistance options is crucial. Furthermore, in this article, we will explore the various aspects of education loans for Japan and provide insights on how international students can finance their academic journey in Japan.

Also Read: Japan Student Visa

Education Loan for Japan

International students can avail of the following education loan for Japan:

  • Study loans can be obtained from government agencies, private organisations, banks (i.e. Government and private) and foundations.
  • Calculate expenses for tuition, living expenses, books, instruments, visa and other study-related costs.
  • Loans may cover tuition or additional expenses, depending on the lender.
  • Education loans without collateral or involving interest rates are preferred.
  • Corporate entities may offer education loans with conditions such as post-study work commitments.
  • Loan applications consider program relevance, academic records, and motivations.
  • Craft a compelling application and familiarise yourself with the terms and conditions.

Government-Sponsored Loans

MEXT Scholarships: Japanese Ministry of Education, Culture, Sports, Science and Technology (MEXT) offers international students scholarships for undergraduate, graduate, and research programs. The scholarship period is five years (April 2023 to March 2028), including one year of preparatory education in the Japanese language and other subjects upon arrival in Japan.

JASSO Student Loan: The Japan Student Services Organization (JASSO) provides low-interest loans to international students studying in Japan. These loans have favourable repayment terms and are accessible to students with financial need.

ScholarshipJASSO ScholarshipMEXT Scholarship for 2023
Monthly Remittance (JPY)Up to 90,000  (INR 60,000)(excluding fees)117,000 JPY (INR 80,000)  (with regional allowances)
DurationVaries5 years (April 2023 to March 2028)
CoverageLiving expensesLiving expenses, tuition, and more
Regional AllowanceNot specified2,000 JPY or 3,000 JPY (INR 1158-INR 1737) for designated regions

Private Education Loans

Bank Loans: Some banks in Japan offer education loans specifically tailored for international students. These loans often require a guarantor, collateral or proof of financial stability.

International Loan Providers: International financial institutions may also offer education loans to students studying in Japan. These loans may have different eligibility criteria and repayment terms.

Check out: Universities in Japan for International Students


The eligibility criteria and application process for education loans in Japan may vary depending on the loan provider. However, some common requirements include:

  • Acceptance into a recognized educational institution in Japan.
  • Valid student visa and residency status.
  • Demonstrated financial need or the ability to repay the loan.
  • Academic performance and language proficiency may also be considered in some cases.

Must read: Top 4 Japan Scholarships for Indian Students You Never Knew Existed!

Types of Loan Application 

Scholarship Loan Application Types and Deadlines:

  • Prior Applications (Before Commencing Studies).
  • Students can apply for scholarship loans before starting classes.
  • Applications are accepted through the schools where students are enrolled the year prior to commencing studies.
  • Post-Entry Applications (After Commencing Studies).
  • Applications are accepted through the schools where students are currently enrolled.
  • Notification for application is typically provided every spring.
  • Emergency Applications (Category 1 Loans) and Temporary Applications (Category 2 Loans).
  • Scholarship loan applications can be submitted anytime through the schools where students are currently enrolled.
  • These applications are meant to address sudden changes in the financial situation of students’ families due to events such as unemployment, personal bankruptcy, company bankruptcy, sickness or death and disasters like fires, earthquakes, storms or flooding.

Documents required

The following are the documents required for an education loan:

  • Completed loan application form.
  • Proof of admission to a Japanese university or educational institution.
  • Passport and student visa documents.
  • Academic transcripts and certificates.
  • Financial documents such as bank statements, income certificates of sponsorship letters.

Also read: Cost of Living in Japan

Tips for Securing an Education Loan:

To increase your chances of securing an education loan for studying in Japan, consider the following tips:

  • Start your research and application process early to allow ample time for gathering documents and meeting deadlines.
  • Maintain a good academic record and demonstrate your commitment to your chosen field of study.
  • Explore scholarships and grants that can help reduce the overall financial burden.
  • Create a comprehensive budget plan that covers both tuition fees and living expenses.
  • Seek guidance from education loan advisors or financial aid offices to understand the available options and make informed decisions.

Studying in Japan offers immense academic and cultural opportunities for international students. By understanding the various education loan options and diligently preparing your application, you can alleviate the financial burden associated with studying abroad. Remember to research and compare different loan providers, explore scholarships and seek professional advice to make the best choices for financing your educational journey in Japan.


Q1. What types of education loans are available for studying in Japan?

Ans. International students can explore government-sponsored loans (such as MEXT scholarships and JASSO loans) as well as private education loans from banks or international loan providers.

Q2. How can I increase my chances of securing an education loan for studying in Japan?

Ans. Tips include starting the application process early, maintaining a good academic record, exploring scholarships, creating a comprehensive budget plan and seeking guidance from loan advisors or financial aid offices.

Q3. Is it necessary to have a guarantor or collateral for education loans?

Ans. Some bank loans in Japan may require a guarantor or collateral, but not all loan options have this requirement. It depends on the specific loan provider.

Q4. Can I consult professionals for guidance on education loans?

Ans. Yes, seeking guidance from education loan advisors or financial aid offices can help you understand available options and make informed decisions.

This was all about Education Loans for Japan. And if you wish to read more about finance-related blogs. Follow Fly Finance, your trusted companion in all matters about financial prowess.

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