Customer care hotline Call 1800 10 888
Login to the new experience with best features and services
Finding student accommodation while managing your studies can be a challenging task, especially for Indian students going abroad. Yet, it’s extremely important to secure a comfortable living space that fits your budget during this new journey.
With this guide, learn how to navigate the various options available for student housing so that you can make informed decisions.
There are three main types of student residence that you can opt for as an international student –
Mostly provided within the premises of universities, a student dormitory is one of the most popular and convenient choices for Indian students abroad. These dormitories offer a community living experience, with shared facilities promoting social interactions and security. This makes them a good option for Indian students going abroad for the first time. However, do keep in mind that while these dorms are generally more affordable, they may have limited privacy.
If you don’t want your privacy to be breached, renting a private place like an apartment would be the best option for you. However, this option tends to be pricier, and you will need to manage responsibilities like cooking, cleaning, laundry, and more alongside your studies. Most students prefer this after their first year as they become aware of the location and their living expenses.
This option serves as a middle ground between dormitories and private rentals since you are surrounded by a limited number of roommates. By sharing a place with other students, you can enjoy a more personal space at a lower cost than renting alone. Sharing accommodation also teaches students about responsibilities and helps them develop essential life skills.
When searching for student accommodation, keep the following factors in mind –
To manage your accommodation expenses effectively, consider these practical tips –
Outline all your expected expenses, including rent, utilities, groceries, and leisure activities. This will provide a clear picture of your financial situation.
If you're concerned about covering your living expenses, consider obtaining an education loan. IDFC FIRST Bank Education Loan offers the best solutions for students, with flexible repayment options to ease financial strain.
Include your housing costs in your overall education budget. This will give you a clear picture of your total expenses, allowing you to make informed decisions about where to live.
If you want to make studying overseas more affordable, opting for an IDFC FIRST Bank Education Loan can be the perfect solution. Some of the ways in which it can support your international education include –
Finding affordable student accommodation abroad doesn't have to be overwhelming. By understanding the types of accommodation available and considering essential factors such as location, cost, and safety, you can secure a comfortable living space that meets your requirements. Remember to budget wisely and seek financial aid from the IDFC FIRST Bank Education Loan to ensure a smooth transition to studying overseas.
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.