The Erasmus+ Master Loan Guarantee Facility is an EU initiative managed and implemented by EIF on behalf of the DG Education and Culture of the European Commission launched in December 2014 in the context of Erasmus+, the EU programme aiming to boost student mobility in Europe.

The Erasmus+Master Loan Guarantee Facility aims to increase access to finance in order to enable students, regardless of their social background, to take a Master's Degree in another Erasmus+ programme country, as a contribution to tackling skills gaps in Europe. 

Eligible financial intermediaries are public and private bodies established and operating in one or more of the eligible Erasmus + programme countries and duly authorised to carry out lending to natural persons in accordance with applicable laws and regulations, and comply with the applicable laws or regulations implementing Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers.