How Much Bank Balance Required For A Luxembourg Student Visa?

A bank balance is the saving amount or income of a person that remains in a financial repository such as a saving account or checking account with a bank. A bank balance is also called an ending balance, which appears on the account statement of an account generated by the bank. A bank balance can be originated at any time when there is a need for any inquiry to start regarding your bank’s account. A bank statement shows complete transactions including total assets and liabilities of the bank’s account, which is helpful while applying for a student visa or any other inquiry purpose.let us know How Much Bank Balance Required For A Luxembourg Student Visa?

How Much Bank Balance Required For A Luxembourg Student Visa?

When applying for a Luxembourg student visa, it is required to show a balance or bank statement of at least six months old from the bank of the country you are applying to. The bank statement should contain at least an amount of €14000 or equivalent to your currency from where you are applying. The amount that I have mentioned is the minimum amount and there is no limit for the maximum amount. The amount in the bank statement should not be less than €14000. There is no block account required for a Luxembourg student visa. The purpose of the required bank statement for a student visa is to show the financial condition of the student and that he/she can live abroad and can afford the abroad study expenses.

The complete information regarding the requirements and bank balance of a Luxembourg student visa is mentioned below.

Luxembourg Student Visa requires a bank balance

Luxembourg is a European country with a wonderful geographical location. It is situated in the heart of Europe and Luxembourg has borders with many countries like Germany and France. Luxembourg is one of the few countries that provides facilities to international students through their academic careers and living expenses. The bank balance required for a Luxembourg visa is at least €14,001, not less than this amount. This amount is mandatory to show as it is written in their instructions while applying for a student visa. Otherwise, your visa may be rejected. Luxembourg supports students with an easy visa facility to utilize themselves in their careers. Luxembourg also provides scholarships for international students based on their financial stability. They can be awarded fully funded or half-funded scholarships, which help international students pursue their careers with strong dedication. Note that the balance in your bank will not transfer to any other bank; it is just a type of confirmation that students can study at international universities. Almost any account statement is almost mandatory for applying for a student visa for any country.

International Students’ Block Account

A frozen account is an account where the cash is frozen until an account holder arrives in the country. The amount from that account will not be withdrawn until the account holder arrives in that country. In many countries, the blocked account was introduced to serve international students for their student visa purposes and job seekers in the country as a means of showing financial resources to live in that country. It is also mandatory for applying for permit residency in that country.

But a blocked account is not required for international students who want to study in Luxembourg. But we have to show the bank statement to ensure that we can submit our academic fees and fulfill our expenses.

Instructions for Applying for a Student Visa at Any University in Luxembourg

  • There is no official consultation for getting admission to any university in Luxembourg, so be aware of any agent who is taking any charge for admission. Just visit the official website of the university where you want to take admission and follow the instruction.
  • Some universities require IELTS and many do not require IELTS, so based on the program you select, this requirement may change.
  • The fee structure of every university is changing. Some give fully funded scholarships, and studies in Luxembourg are almost free. For some programs, it is 200 to 800 euros per semester.
  • current passport size image and the image should be clear with a natural grey color background.
  • Educational documents including matriculation, intermediate, and bachelor’s degrees are required. All these documents must be from the ministry of foreign affairs.
  • A copy of your passport
  • detailed motivational letter
  • Almost 1500 euros are required for admission to any university in Luxembourg.

The advantages of studying in Luxembourg are that traveling is free for students, students can work 15 hours a week and students can earn 12 euros per hour. The living cost in Luxembourg is around 500 to 800 euros. It is the best place to live as it is at the center of great countries like France and Germany. Also, after studying, if you get a job, you can easily stay there and get a 9-month job visa. After five years of stay in Luxembourg, you can apply for nationality.

Conclusion

Luxembourg is one of the best countries for study. The location of this country is attractive as its borders meet with countries like France, Germany, and Belgium. The student visa process is not very difficult and the living expenses are also affordable.