Studying in Japan offers a unique opportunity for Indian students to explore a rich cultural heritage while studying at a reputed university. Since the relationship between Japan and India is good, the visa easily gets approved especially for the students. However, one of the most important factors in getting a student visa for Japan is to show sufficient financial support during the stay. In this blog, we’ll understand how much bank balance is required for a Japan student visa and what are the necessary financial documents to be submitted with the Visa application.
Table of contents
Minimum Bank Balance for Japan Student Visa
While there is no fixed amount applicable, a general guideline suggests that you should have at least JPY 1,000,000 to JPY 1,500,000 (approximately INR 6,30,000 to INR 9,50,000) for each year of your stay. This amount is an estimate and can vary based on the city you will be living in and your lifestyle choices. The various types of expenses include tuition fees, accommodation costs, day-to-day expenses, educational tours, air tickets from India etc. Check the breakdown of the total estimated expenses for studying in Japan below:
Also Read: Your family shall not suffer financial stress during any unfortunate situation. Check this blog on How Education Loan Insurance eases Financial Stress for Students and Parents
Breakdown of Estimated Expenses
Understanding the breakdown of estimated expenses is very important for planning your finances effectively while studying in Japan. These expenses usually include tuition fees, living costs, and miscellaneous expenditures, varying based on the university and city. Below, you’ll find a detailed table outlining these costs to give you a clearer picture of what to expect:
| Expenses | Amount |
| Tuition Fee | Depending on the university and course, tuition fees can range from JPY 500,000 to JPY 1,200,000 (INR 3,15,000 to INR 7,60,000) per year. |
| Living Expenses | Accommodation, food, transportation, and other daily expenses. On average, living expenses can range from JPY 600,000 to JPY 1,000,000 (INR 3,80,000 to INR 6,30,000) per year. |
| Miscellaneous Expenses | Costs such as health insurance, study materials, and personal expenses may require around JPY 100,000 to JPY 200,000 (INR 63,000 to INR 1,25,000) annually. |
Financial Requirements for Studying in Japan
The Japanese immigration authorities require international students to prove that they have enough financial resources to cover their tuition fees and living expenses. This is to ensure that students can focus on their studies without financial stress. The financial requirements are assessed based on various factors, including the duration of the stay and the location of the educational institution. Check more details below:
- You should arrange the funds for the entire duration of your course so that you do not face any financial crunch in the middle of your studies
- If you are planning to study with the help of an education loan, you need to specify the same in the visa application form
- In case you got any scholarship, you need to submit the details of the same along with the organisation from which you are getting the scholarship
Also Read: Secured Loans are easy to obtain with better rate of interest rates. Check this blog on All About Secured Loans
Documenting Your Financial Capacity
When applying for a student visa, you will need to provide proof of your financial capacity. The following documents are usually required:
- Bank Statements: Recent bank statements (covering the last six months) showing sufficient funds.
- Financial Support Letter: If your education is being funded by a sponsor (such as parents or guardians), a letter from them confirming their financial support is required. The sponsor’s bank statements and proof of income might also be necessary.
- Scholarship Letters: If you have been awarded a scholarship, include official documentation detailing the scholarship amount and coverage.
Securing a Japanese student visa involves careful financial planning and documentation. By understanding the financial requirements and preparing your documents properly, you can increase your chances of a successful visa application. Check some FAQs below:
FAQs
To secure a Japan student visa, Indian students generally need to show a bank balance of JPY 1,000,000 to JPY 1,500,000 (approximately INR 6,30,000 to INR 9,50,000) for each year of their stay.
To prove financial capacity, you will need to provide recent bank statements covering the last six months, a financial support letter if a sponsor is funding your education, and official documentation for any scholarships you have been awarded.
Yes, international students in Japan are allowed to work part-time, but there are restrictions. Students can work up to 28 hours per week during the academic term and up to 40 hours per week during holidays.
Yes, there are various scholarships available for Indian students wishing to study in Japan. Many Japanese universities and organisations offer scholarships that can significantly ease the financial burden.
Living expenses in Japan can vary widely depending on the city and your lifestyle. On average, students can expect to spend between JPY 600,000 and JPY 1,000,000 (INR 3,80,000 to INR 6,30,000) per year on accommodation, food, transportation, and other daily expenses.
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.
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