{"id":65935,"date":"2024-09-10T04:47:59","date_gmt":"2024-09-10T04:47:59","guid":{"rendered":"https:\/\/leapscholar.com\/blog\/?p=65935"},"modified":"2026-06-12T07:40:10","modified_gmt":"2026-06-12T07:40:10","slug":"education-loan-for-studying-in-uk-for-international-students","status":"publish","type":"post","link":"https:\/\/leapscholar.com\/blog\/education-loan-for-studying-in-uk-for-international-students\/","title":{"rendered":"Education Loan for Studying in UK for International Students: 2026 Guide"},"content":{"rendered":"<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\"><\/span> <span class=\"rt-time\">15<\/span> <span class=\"rt-label rt-postfix\">min read<\/span><\/span>\n<div class=\"quick-read-box\">\n\n  <div class=\"qr-header\">\n    <span style=\"font-size:18px;\">\u26a1<\/span>\n    <h3 class=\"qr-title\">Quick Read<\/h3>\n  <\/div>\n\n  <ul>\n    <li>Borrow up to GBP 1,15,732 (Rs. 1.50) crore for UK studies through Indian public banks.<\/li>\n\n    <li>No collateral is needed for loans up to GBP 38,600 (Rs. 50 lakhs) at ranked universities.<\/li>\n\n    <li>Interest rates on an education loan for UK start at 8.40% p.a. for secured loans and 8.45% onwards for collateral-free options as of May 2026.<\/li>\n\n    <li>Graduate Route gives you 2 years in the UK to work and start repaying (reduces to 18 months for applications submitted from 1 January 2027)<\/li>\n\n  <\/ul>\n\n  <div class=\"qr-footer\">\n    \ud83d\udc49 Best for:  Indian students with a UK offer letter who are sorting their education loan to study in UK before the visa stage.\n  <\/div>\n\n<\/div>\n\n\n\n<p><\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_68_1 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #192a3d;color:#192a3d\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #192a3d;color:#192a3d\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/leapscholar.com\/blog\/education-loan-for-studying-in-uk-for-international-students\/#Secured_vs_Unsecured_Types_of_Education_Loan_for_Studying_in_UK_for_International_Students\" title=\"Secured vs. Unsecured: Types of Education Loan for Studying in UK for International Students\">Secured vs. Unsecured: Types of Education Loan for Studying in UK for International Students<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/leapscholar.com\/blog\/education-loan-for-studying-in-uk-for-international-students\/#Education_Loan_for_Studying_in_UK_for_International_Students_Top_Lenders_2026_Comparison\" title=\"Education Loan for Studying in UK for International Students: Top Lenders 2026 Comparison\">Education Loan for Studying in UK for International Students: Top Lenders 2026 Comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/leapscholar.com\/blog\/education-loan-for-studying-in-uk-for-international-students\/#Education_Loan_for_Studying_in_the_UK_Without_Collateral_What_You_Actually_Need_to_Know\" title=\"Education Loan for Studying in the UK Without Collateral: What You Actually Need to Know\">Education Loan for Studying in the UK Without Collateral: What You Actually Need to Know<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/leapscholar.com\/blog\/education-loan-for-studying-in-uk-for-international-students\/#What_Does_an_Education_Loan_for_Studying_in_UK_for_International_Students_Cover\" title=\"What Does an Education Loan for Studying in UK for International Students Cover?\">What Does an Education Loan for Studying in UK for International Students Cover?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/leapscholar.com\/blog\/education-loan-for-studying-in-uk-for-international-students\/#Are_You_Eligible_for_an_Education_Loan_for_Studying_in_UK\" title=\"Are You Eligible for an Education Loan for Studying in UK?\">Are You Eligible for an Education Loan for Studying in UK?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/leapscholar.com\/blog\/education-loan-for-studying-in-uk-for-international-students\/#Documents_Required_for_an_Education_Loan_for_Studying_in_UK_for_International_Students\" title=\"Documents Required for an Education Loan for Studying in UK for International Students\">Documents Required for an Education Loan for Studying in UK for International Students<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/leapscholar.com\/blog\/education-loan-for-studying-in-uk-for-international-students\/#How_to_Apply_for_an_Education_Loan_for_Studying_in_UK\" title=\"How to Apply for an Education Loan for Studying in UK\">How to Apply for an Education Loan for Studying in UK<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/leapscholar.com\/blog\/education-loan-for-studying-in-uk-for-international-students\/#Interest_Rates_Repayment_Terms_for_UK_Education_Loans\" title=\"Interest Rates &amp; Repayment Terms for UK Education Loans\">Interest Rates &amp; Repayment Terms for UK Education Loans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/leapscholar.com\/blog\/education-loan-for-studying-in-uk-for-international-students\/#Section_80E_Tax_Benefit_on_Your_UK_Education_Loan\" title=\"Section 80E: Tax Benefit on Your UK Education Loan\">Section 80E: Tax Benefit on Your UK Education Loan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/leapscholar.com\/blog\/education-loan-for-studying-in-uk-for-international-students\/#What_To_Do_When_Your_Education_Loan_for_Studying_in_UK_for_International_Students_Is_Rejected\" title=\"What To Do When Your Education Loan for Studying in UK for International Students Is Rejected?\">What To Do When Your Education Loan for Studying in UK for International Students Is Rejected?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/leapscholar.com\/blog\/education-loan-for-studying-in-uk-for-international-students\/#3_Takeaways_on_Education_Loan_for_Studying_in_UK\" title=\"3 Takeaways on Education Loan for Studying in UK\">3 Takeaways on Education Loan for Studying in UK<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/leapscholar.com\/blog\/education-loan-for-studying-in-uk-for-international-students\/#Frequently_Asked_Questions_About_Education_Loan_for_Studying_in_UK_for_International_Students\" title=\"Frequently Asked Questions About Education Loan for Studying in UK for International Students\">Frequently Asked Questions About Education Loan for Studying in UK for International Students<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Secured_vs_Unsecured_Types_of_Education_Loan_for_Studying_in_UK_for_International_Students\"><\/span><strong>Secured vs. Unsecured: Types of Education Loan for Studying in UK for International Students<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Two types of education loan for UK are available to Indian students. Which one you qualify for depends on whether you have property to pledge and how much you need to borrow.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-palette-color-5-background-color has-background has-fixed-layout\"><thead><tr><th><strong>Type<\/strong><\/th><th><strong>Secured Loan<\/strong> <strong>(Collateral)<\/strong><\/th><th><strong>Unsecured Loan<\/strong> <strong>(Collateral-Free) <\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>Collateral required<\/strong><\/td><td>Yes: property, FD, LIC, or government bonds<\/td><td>No<\/td><\/tr><tr><td><strong>Interest rate<\/strong><\/td><td>Lower (8.40%\u201310.50% p.a.)<\/td><td>Higher (10.50%-13%+ p.a.)<\/td><\/tr><tr><td><strong>Maximum loan amount<\/strong><\/td><td>Up to Rs. 1.50 Crore (GBP 1,15,732)<\/td><td>Typically up to Rs. 64.8 Lakh (GBP 50,000)<\/td><\/tr><tr><td><strong>Processing time<\/strong><\/td><td>Longer (property valuation adds 10-15 days)<\/td><td>Faster (no valuation needed)<\/td><\/tr><tr><td><strong>Best for<\/strong><\/td><td>Students who need a large loan and have family property<\/td><td>Students at top-ranked universities without family assets to pledge<\/td><\/tr><tr><td><strong>Co-applicant required<\/strong><\/td><td>Yes<\/td><td>Yes<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong><em>Important: <\/em><\/strong><em>Banks charge more on collateral-free loans because they&#8217;re taking on more risk. If your university is well-ranked and you need under Rs. 50 Lakh (GBP 38,600), the unsecured route is still worth a serious look.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Education_Loan_for_Studying_in_UK_for_International_Students_Top_Lenders_2026_Comparison\"><\/span><strong>Education Loan for Studying in UK for International Students: Top Lenders 2026 Comparison<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Rates and terms change, so always verify directly with the lender before you apply. Here is how the main lenders for an education loan for international students in UK compare, whether you are applying for a master&#8217;s, bachelor&#8217;s, or PhD programme:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-palette-color-5-background-color has-background has-fixed-layout\"><thead><tr><th><strong>Lender<\/strong><\/th><th><strong>Max Loan Amount<\/strong><\/th><th><strong>Interest Rate (p.a.)<\/strong><\/th><th><strong>Collateral Required<\/strong><\/th><th><strong>Moratorium Period<\/strong><\/th><th><strong>Repayment Tenure<\/strong><\/th><\/tr><\/thead><tbody><tr><td><a href=\"https:\/\/sbi.bank.in\/web\/personal-banking\/loans\/education-loans\/global-ed-vantage-scheme\" target=\"_blank\" rel=\"noreferrer noopener\">SBI Global Ed-Vantage<\/a><\/td><td>Rs. 1.50 Crore (GBP 1,15,732)<\/td><td>8.40%\u20138.90% p.a. (female\/male, with collateral); 9.15%+ for non-collateral. Floating rate linked to SBI EBR.<\/td><td>Required above Rs. 7.5 Lakh; waived up to Rs. 64.8 Lakh for premier institutions<\/td><td>Course duration + 6 months<\/td><td>Up to 15 years<\/td><\/tr><tr><td><a href=\"https:\/\/bankofbaroda.bank.in\/loans\/education-loan\/baroda-scholar\" target=\"_blank\" rel=\"noreferrer noopener\">Bank of Baroda Baroda Scholar<\/a><\/td><td>Rs. 1.50 Crore (GBP 1,15,732) standard; up to Rs. 3 Crore (GBP 2,31,464) for select top-tier universities; Rs. 77.77 Lakh (GBP 60,000) non-premier<\/td><td>8.70% for premier; 10.15% for non-premier<\/td><td>Collateral-free up to Rs. 40 lakh (Category AA institutions) or Rs. 30 lakh (Category A). Required for amounts above these thresholds. Verify your university&#8217;s category at the Bank of Baroda premier institutions list<\/td><td>Course duration + 12 months<\/td><td>Up to 15 years<\/td><\/tr><tr><td><a href=\"https:\/\/www.hdfc.bank.in\/education-loan\/foreign-education\" target=\"_blank\" rel=\"noreferrer noopener\">Credila (HDFC Credila)<\/a><\/td><td>Up to Rs. 64.8 Lakh (GBP 50,000) unsecured; higher with collateral<\/td><td>9.95% onwards<\/td><td>Optional for strong profiles; required for higher amounts<\/td><td>Course duration + 6 months<\/td><td>Up to 15 years<\/td><\/tr><tr><td><a href=\"https:\/\/prodigyfinance.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Prodigy Finance<\/a><\/td><td>Up to USD 2,20,000 (approx. Rs. 1.83 Crore)<\/td><td>9.65% variable (SOFR-linked); Representative APR 12.14%<\/td><td>No collateral, no co-signer<\/td><td>6-month grace period after course end<\/td><td>7, 10, 15, or 20 years<\/td><\/tr><tr><td><a href=\"https:\/\/leapfinance.com\/education-loan-for-abroad-studies\" target=\"_blank\" rel=\"noreferrer noopener\">Leap Finance<\/a><\/td><td>Varies by profile and university<\/td><td>8.45% onwards<\/td><td>No collateral required<\/td><td>6 months after course completion<\/td><td>Flexible<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong><em>Note:<\/em><\/strong><em> Exchange rate used: 1 GBP = Rs. 129.61 (as of May 12, 2026). Exchange rates fluctuate regularly; always verify from official sources before making any transaction.<\/em><br><br><strong><em>Source:<\/em><\/strong><em><a href=\"https:\/\/sbi.co.in\/web\/interest-rates\/interest-rates\/loan-schemes-interest-rates\/education-loan-scheme\" target=\"_blank\" rel=\"noreferrer noopener\"> <\/a><u><a href=\"https:\/\/sbi.co.in\/web\/interest-rates\/interest-rates\/loan-schemes-interest-rates\/education-loan-scheme\" target=\"_blank\" rel=\"noreferrer noopener\">SBI official interest rate page<\/a><\/u>,<a href=\"https:\/\/bankofbaroda.bank.in\/loans\/education-loan\/baroda-scholar\" target=\"_blank\" rel=\"noreferrer noopener\"> <\/a><u><a href=\"https:\/\/bankofbaroda.bank.in\/loans\/education-loan\/baroda-scholar\" target=\"_blank\" rel=\"noreferrer noopener\">Bank of Baroda rate<\/a><\/u>,<a href=\"http:\/\/prodigyfinance.com\" target=\"_blank\" rel=\"noreferrer noopener\"> <\/a><u><a href=\"http:\/\/prodigyfinance.com\" target=\"_blank\" rel=\"noreferrer noopener\">Prodigy Finance<\/a><\/u> rate are variable and linked to the 30-day SOFR rate.<\/em><\/figcaption><\/figure>\n\n\n\n<p><em>To compare more abroad education loan options, see<a href=\"https:\/\/leapscholar.com\/blog\/best-education-loan-in-india-for-study-abroad\/\" target=\"_blank\" rel=\"noreferrer noopener\"> <\/a><u><a href=\"https:\/\/leapscholar.com\/blog\/best-education-loan-in-india-for-study-abroad\/\" target=\"_blank\" rel=\"noreferrer noopener\">Best Education Loan for Study Abroad from India<\/a><\/u>.<\/em><\/p>\n\n\n\n<p><strong><em>Counselor insight: <\/em><\/strong><em>Prodigy Finance and Leap Finance work best for students at ranked universities who cannot pledge property and need a fast decision. Both lenders disburse in USD or GBP, not INR. Your university&#8217;s accounts department needs to accept foreign-currency disbursements: confirm this requirement before you commit to an international lender. Indian public bank loans are disbursed to the university in GBP directly in most cases, which avoids this complication.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Education_Loan_for_Studying_in_the_UK_Without_Collateral_What_You_Actually_Need_to_Know\"><\/span><strong>Education Loan for Studying in the UK Without Collateral: What You Actually Need to Know<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Indian students looking for an education loan to study in UK without collateral have three realistic options depending on their university and loan amount. Here is what each one actually involves:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>SBI Overseas Education Loan Without Collateral<\/strong><\/h3>\n\n\n\n<p>The SBI overseas education loan waives collateral up to Rs. 64.8 lakh (GBP 50,000), but only if your university appears on SBI&#8217;s approved premier institutions list. A co-applicant is still mandatory. Check the SBI Global Ed-Vantage page for the current list before you apply.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Prodigy Finance and Leap Finance Education Loan for UK<\/strong><\/h3>\n\n\n\n<p>Prodigy Finance and Leap Finance ask for neither collateral nor a co-signer. The Leap Finance education loan for UK is entirely online with no property documents involved. Prodigy Finance works with 1,800+ universities and assesses your earning potential after graduation, not what your family owns today. For students pursuing an education loan for masters in UK specifically, Prodigy Finance is one of the most commonly used international options. Note that Prodigy Finance covers master&#8217;s programmes only, not bachelor&#8217;s degrees.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Honest trade-off<\/strong><\/h3>\n\n\n\n<p>The interest rate on an unsecured loan runs roughly 1.5%\u20133% higher per year. On Rs. 50 lakh over 10 years, that extra cost can reach Rs. 4\u20138 lakh in additional interest on a reducing balance basis. If your family has property and is willing to use it as security, the secured loan will almost always work out cheaper over the full tenure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Does_an_Education_Loan_for_Studying_in_UK_for_International_Students_Cover\"><\/span><strong>What Does an Education Loan for Studying in UK for International Students Cover?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An education loan in UK goes well beyond tuition. Most Indian lenders include the following:<\/p>\n\n\n\n<ul>\n<li>Tuition fees payable to the UK university<\/li>\n\n\n\n<li>Accommodation costs (on-campus halls or private rental)<\/li>\n\n\n\n<li>Travel expenses (flights to and from India)<\/li>\n\n\n\n<li>UK Student Visa fee (GBP 558 \/ Rs. 72,322 as of 2026, increased from 8 April 2026 per gov.uk): <em>see<\/em><em><a href=\"https:\/\/leapscholar.com\/blog\/uk-student-visa-fee-increase-2026\/\" target=\"_blank\" rel=\"noreferrer noopener\"> <\/a><\/em><em><u><a href=\"https:\/\/leapscholar.com\/blog\/uk-student-visa-fee-increase-2026\/\" target=\"_blank\" rel=\"noreferrer noopener\">UK Student Visa Fee Update 2026<\/a><\/u><\/em><\/li>\n\n\n\n<li><strong>Immigration Health Surcharge (IHS):<\/strong> \u00a31,164 (Rs. 1,50,865 approx.) for a 1-year Master&#8217;s student visa (\u00a3776\/year \u00d7 16-month visa duration, calculated in 6-month blocks). Paid upfront before visa is issued<\/li>\n\n\n\n<li>Books, equipment, and laptop (up to a capped percentage of tuition)<\/li>\n\n\n\n<li>Exam, library, and laboratory fees<\/li>\n\n\n\n<li>Study tour and thesis costs<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cost of Living in the UK 2026<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-palette-color-5-background-color has-background has-fixed-layout\"><thead><tr><th><strong>City<\/strong><\/th><th><strong>Monthly Living Cost (GBP\/INR)<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>London<\/strong><\/td><td>GBP 1,300-GBP 1,400 (Rs. 1.69 Lakh-Rs. 1.82 Lakh)<\/td><\/tr><tr><td><strong>Manchester, Birmingham, Leeds<\/strong><\/td><td>GBP 900-GBP 1,100 (Rs. 1.17 Lakh-Rs. 1.43 Lakh)<\/td><\/tr><tr><td><strong>Newcastle, Cardiff, Sheffield<\/strong><\/td><td>GBP 800-GBP 1,000 (Rs. 1.04 Lakh-Rs. 1.30 Lakh)<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><strong><em>Note: Exchange rate used: <\/em><\/strong><em>1 GBP = Rs. 129.61 (as of May 12, 2026). Always verify from official sources before making any transaction.<\/em> <em>Living costs include accommodation, groceries, local transport, and utilities. They do not include tuition or IHS.<\/em><br><strong><em>Source: <\/em><\/strong><em><u><a href=\"https:\/\/study-uk.britishcouncil.org\/moving-uk\/cost-studying\" target=\"_blank\" rel=\"noreferrer noopener\">Study UK cost page<\/a><\/u>, <u><a href=\"https:\/\/www.numbeo.com\/cost-of-living\/country_result.jsp?country=United+Kingdom\" target=\"_blank\" rel=\"noreferrer noopener\">Numbeo Cost of Living 2026<\/a><\/u>.<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Are_You_Eligible_for_an_Education_Loan_for_Studying_in_UK\"><\/span><strong>Are You Eligible for an Education Loan for Studying in UK?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before you approach a lender, check whether you meet the basic criteria. Most Indian banks and NBFCs apply the same core framework for a UK study loan for international students.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-palette-color-5-background-color has-background has-fixed-layout\"><thead><tr><th>Eligibility Factor<\/th><th>Standard Requirement<\/th><\/tr><\/thead><tbody><tr><td>Nationality<\/td><td>Indian citizen<\/td><\/tr><tr><td>Age<\/td><td>Typically 18\u201335 years at time of application<\/td><\/tr><tr><td>Academic score<\/td><td>Minimum 60\u201365% in Class 12; 60\u201370% in undergraduate degree (varies by lender)<\/td><\/tr><tr><td>Admission status<\/td><td>Unconditional offer letter from a recognised UK university<\/td><\/tr><tr><td>Co-applicant<\/td><td>Mandatory for all Indian public bank loans; must be an earning family member<\/td><\/tr><tr><td>Co-applicant income<\/td><td>Minimum Rs. 3\u20134 lakh annual income (varies by bank and loan amount)<\/td><\/tr><tr><td>University eligibility<\/td><td>Must be on the lender&#8217;s approved institution list for collateral-free loans<\/td><\/tr><tr><td>Course type<\/td><td>Full-time degree programme (bachelor&#8217;s, master&#8217;s, MBA, PhD)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><em><strong>Counselor insight:<\/strong> Your co-applicant&#8217;s income and credit history matter more than your academic score at most public banks. A co-applicant with 2+ years of consistent ITR filings will carry your application even if your percentage is borderline.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_for_an_Education_Loan_for_Studying_in_UK_for_International_Students\"><\/span><strong>Documents Required for an Education Loan for Studying in UK for International Students<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Getting your paperwork ready early is the single fastest way to avoid delays. Here is what most Indian lenders ask for when you apply for an education loan UK:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-palette-color-5-background-color has-background has-fixed-layout\"><thead><tr><th><strong>Document<\/strong><\/th><th><strong>India-Specific Details<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>Student ID proof<\/strong><\/td><td>Aadhaar card + PAN card (both mandatory)<\/td><\/tr><tr><td><strong>Passport<\/strong><\/td><td>Valid for at least 12 months beyond your course end date<\/td><\/tr><tr><td><strong>Academic marksheets<\/strong><\/td><td>Class 10 marksheet, Class 12 marksheet, all semester marksheets of your undergraduate degree<\/td><\/tr><tr><td><strong>Provisional degree certificate<\/strong><\/td><td>Required if your final degree certificate has not been issued yet<\/td><\/tr><tr><td><strong>Admission\/offer letter<\/strong><\/td><td>Unconditional offer letter from the UK university (conditional offers may delay processing)<\/td><\/tr><tr><td><strong>Entrance exam scorecard<\/strong><\/td><td><a href=\"https:\/\/leapscholar.com\/exams\/gmat\/preparation\" target=\"_blank\" rel=\"noreferrer noopener\">GMAT<\/a>, <a href=\"https:\/\/leapscholar.com\/html-sitemap\/gre-exam\" target=\"_blank\" rel=\"noreferrer noopener\">GRE<\/a>, or <a href=\"https:\/\/leapscholar.com\/exams\/ielts\/\" target=\"_blank\" rel=\"noreferrer noopener\">IELTS<\/a>\/<a href=\"https:\/\/leapscholar.com\/exams\/pte\" target=\"_blank\" rel=\"noreferrer noopener\">PTE<\/a> scorecard depending on your program<\/td><\/tr><tr><td><strong>Schedule of expenses<\/strong><\/td><td>Fee structure from your university covering tuition + accommodation + living costs<\/td><\/tr><tr><td><strong>Co-applicant income documents<\/strong><\/td><td>Latest 3 months&#8217; salary slips + Form 16 (last 2 years) + bank account statement (last 6 months) + ITR (last 2 years)<\/td><\/tr><tr><td><strong>Collateral documents (if secured loan)<\/strong><\/td><td>Sale deed or property title documents; latest property valuation certificate; for FDs: FD receipt and account statement<\/td><\/tr><tr><td><strong>Passport-size photographs<\/strong><\/td><td>2 copies each for student, co-applicant, and guarantor<\/td><\/tr><tr><td><a href=\"https:\/\/leapscholar.com\/blog\/what-is-gap-certificate-format-and-document\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Gap certificate<\/strong><\/a><\/td><td>Self-declaration if there is any gap between your graduation and the current application year<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong><em>Counselor insight: <\/em><\/strong><em>The most common reason an education loan for studying in the UK gets delayed is a mismatch between the name on your marksheets and the name on your offer letter. If your university uses a different spelling than your CBSE or state board documents, get it corrected before you approach the bank. Some banks will not process until names match exactly.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Apply_for_an_Education_Loan_for_Studying_in_UK\"><\/span><strong>How to Apply for an Education Loan for Studying in UK<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Here are the steps to get an education loan for studying in UK<\/strong>:<\/p>\n\n\n\n<ol>\n<li><strong>Get your unconditional offer letter.<\/strong> No lender will process your application without it. A conditional offer delays everything.<\/li>\n\n\n\n<li><strong>Calculate your total cost of attendance.<\/strong> Add tuition, accommodation, IHS, visa fee, flights, and living costs. Ask your university for a fee structure letter and use that as your expense breakdown when you apply.<\/li>\n\n\n\n<li><strong>Shortlist 2 to 3 lenders.<\/strong> Base this on your university&#8217;s ranking, the loan amount you need, and whether you have collateral to pledge.<\/li>\n\n\n\n<li><strong>Submit your application.<\/strong> Visit the branch in person for public banks like SBI and Bank of Baroda. Credila, Prodigy Finance, and Leap Finance are fully online.<\/li>\n\n\n\n<li><strong>Property valuation (secured loans only).<\/strong> The bank appoints a valuer. This adds 10 to 15 days to processing. Follow up with your branch every week.<\/li>\n\n\n\n<li><strong>Receive your sanction letter.<\/strong> This is your proof of funds for the UK Student Visa application. Check that the sanctioned amount covers your full first-year cost.<\/li>\n\n\n\n<li><strong>Maintain funds for 28 consecutive days.<\/strong> The sanctioned amount, or a combination of loan and savings covering tuition plus maintenance funds, must sit in your account for 28 days before your visa application date.<\/li>\n\n\n\n<li><strong>Confirm disbursement timing before accepting your university&#8217;s payment deadline.<\/strong> Get the expected disbursement date from your bank in writing. A mismatch between disbursement and your university&#8217;s payment deadline can put your seat at risk.<\/li>\n<\/ol>\n\n\n\n<p><strong>Typical approval timelines:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-palette-color-5-background-color has-background\"><thead><tr><th>Lender Type<\/th><th>Processing Time<\/th><\/tr><\/thead><tbody><tr><td>Indian public banks (secured)<\/td><td>4 to 6 weeks<\/td><\/tr><tr><td>Indian public banks (unsecured)<\/td><td>3 to 4 weeks<\/td><\/tr><tr><td>NBFCs (Credila, Avanse)<\/td><td>2 to 3 weeks<\/td><\/tr><tr><td>International lenders (Prodigy Finance, Leap Finance)<\/td><td>3 to 7 working days<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Education Loan Timeline for UK Intakes<\/strong><\/h3>\n\n\n\n<p>The UK has two main intakes. Most master&#8217;s programmes start in September; a smaller number admit students in January. For intake deadlines, see <a href=\"https:\/\/leapscholar.com\/blog\/uk-intakes\/\">UK Intakes 2026-27<\/a>.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-palette-color-5-background-color has-background has-fixed-layout\"><thead><tr><th><strong>Month<\/strong><\/th><th><strong>Action<\/strong><\/th><\/tr><\/thead><tbody><tr><td>March\u2013April (September 2026 intake)<\/td><td>Shortlist 2\u20133 banks or NBFCs based on your university ranking and collateral situation.<\/td><\/tr><tr><td>April\u2013May<\/td><td>Approach your shortlisted lender. Submit the loan application and begin document collection.<\/td><\/tr><tr><td>May\u2013June<\/td><td>Property valuation if secured loan: adds 10\u201315 days. Follow up weekly.<\/td><\/tr><tr><td>June<\/td><td>Receive loan sanction letter. This is your proof of funds for the visa.<\/td><\/tr><tr><td>June\u2013July<\/td><td>Ensure the sanctioned amount sits in your account for 28 consecutive days before your visa application date.<\/td><\/tr><tr><td>July\u2013August<\/td><td>Submit UK Student Visa application with sanction letter and 28-day bank statements.<\/td><\/tr><tr><td>August<\/td><td>Confirm tuition payment with your bank&#8217;s disbursement team before the university&#8217;s payment deadline.<\/td><\/tr><tr><td>September<\/td><td>Course begins.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>January 2027 intake:<\/strong> Move each step back by three months. Begin comparing lenders in June\u2013July 2026, target loan sanction by September 2026, and apply for your visa by October 2026. Students enrolling January 2027 who graduate in late 2027 or 2028 will be subject to the new 18-month Graduate Route rule for applications submitted from 1 January 2027. Factor this shorter post-study window into your repayment plan before finalising your loan amount.<\/p>\n\n\n\n<p><strong>Note:<\/strong> Indian bank loans are disbursed in tranches, not a lump sum. The first instalment usually covers year-one tuition, but your UK university often expects payment within 30 days of enrolment. Agree on a disbursement date with your bank before you accept the university&#8217;s payment terms.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Interest_Rates_Repayment_Terms_for_UK_Education_Loans\"><\/span><strong>Interest Rates &amp; Repayment Terms for UK Education Loans<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Interest rates for an education loan for <a href=\"https:\/\/leapscholar.com\/uk\">study in UK <\/a>from Indian banks start at 8.40%\u20138.70% p.a. for secured loans at premier institutions and go up to 13%+ for NBFCs on unsecured loans. All Indian public bank rates are floating and linked to the RBI repo rate.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-palette-color-5-background-color has-background has-fixed-layout\"><thead><tr><th><strong>Lender<\/strong><\/th><th><strong>Interest Rate<\/strong><\/th><th><strong>Repayment Tenure<\/strong><\/th><th><strong>Moratorium<\/strong><\/th><\/tr><\/thead><tbody><tr><td>SBI Global Ed-Vantage<\/td><td>8.40%\u20139.15%+ p.a. (floating, EBR-linked)<\/td><td>Up to 15 years<\/td><td>Course + 6 months<\/td><\/tr><tr><td>Bank of Baroda Baroda Scholar<\/td><td>8.70%\u201310.15% p.a.<\/td><td>Up to 15 years<\/td><td>Course + 12 months<\/td><\/tr><tr><td>HDFC Credila<\/td><td>9.95% onwards<\/td><td>Up to 15 years<\/td><td>Course + 6 months<\/td><\/tr><tr><td>Prodigy Finance<\/td><td>9.65% variable (Rep. APR 12.14%)<\/td><td>7, 10, 15, or 20 years<\/td><td>6 months after course end<\/td><\/tr><tr><td>Leap Finance<\/td><td>8.45% onwards<\/td><td>Flexible<\/td><td>6 months after course end<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Moratorium period explained:<\/strong> During the moratorium you are not required to make EMI payments. Paying the interest during this window, even partially, reduces your total repayment cost. On a Rs. 50 lakh loan at 9% p.a., unpaid moratorium interest for 18 months adds approximately Rs. 2.25 lakh to your principal before repayment begins.<\/p>\n\n\n\n<p><strong>Floating vs. fixed rates:<\/strong> When the RBI cuts rates, your EMI drops. When it raises rates, your EMI rises. Prodigy Finance is linked to the 30-day SOFR rate. Factor rate movement into your repayment planning if you are borrowing for 10 years or more.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Which Lender Should You Choose? A Quick Decision Framework<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-palette-color-5-background-color has-background has-fixed-layout\"><thead><tr><th><strong>Your Profile<\/strong><\/th><th><strong>Recommended Lender<\/strong><\/th><th><strong>Reason<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Have property; university on SBI premier list<\/td><td>SBI Global Ed-Vantage<\/td><td>Lowest rate starting at 8.40% p.a.; highest loan ceiling<\/td><\/tr><tr><td>Have property; university on BoB list<\/td><td>Bank of Baroda Baroda Scholar<\/td><td>8.70% for premier; longer moratorium of 12 months<\/td><\/tr><tr><td>No property; top-ranked university; need fast decision<\/td><td>Prodigy Finance or Leap Finance education loan for UK<\/td><td>No collateral, no co-signer; decision in 3\u20137 working days<\/td><\/tr><tr><td>No property; NBFC acceptable; want Indian lender<\/td><td>HDFC Credila<\/td><td>Flexible collateral rules; processes entirely online<\/td><\/tr><tr><td>Shortfall after bank sanction<\/td><td>Combine bank loan + scholarship<\/td><td>A Rs. 2\u20133 lakh merit scholarship counts as margin money<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Section_80E_Tax_Benefit_on_Your_UK_Education_Loan\"><\/span><strong>Section 80E: Tax Benefit on Your UK Education Loan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Every Indian borrower repaying an education loan can claim a deduction on the full interest paid under Section 80E of the Income Tax Act with no upper limit for up to 8 consecutive financial years from the year repayment begins.<\/p>\n\n\n\n<ul>\n<li><strong>Who claims it:<\/strong> Whoever is repaying the loan, the student or the co-applicant<\/li>\n\n\n\n<li><strong>What is deductible:<\/strong> Interest component only, not the principal<\/li>\n\n\n\n<li><strong>How long:<\/strong> Up to 8 years from the first year of repayment<\/li>\n<\/ul>\n\n\n\n<p><strong>Example:<\/strong> Annual interest outgo of Rs. 4.5 lakh in Year 1 at the 30% tax bracket = Rs. 1.35 lakh saved that year. Over 8 years, the cumulative savings on a Rs. 50 lakh loan can exceed Rs. 5\u20136 lakh.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_To_Do_When_Your_Education_Loan_for_Studying_in_UK_for_International_Students_Is_Rejected\"><\/span><strong>What To Do When Your Education Loan for Studying in UK for International Students Is Rejected?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Getting rejected is frustrating, but it is rarely the end of the road. Here is what actually helps:<\/p>\n\n\n\n<p><strong>1. Loan rejected due to a low-ranked university:<\/strong> Every bank has an internal approved list, and if your university is not on it, the application often does not even get reviewed properly. In that case, go to Prodigy Finance; they look at your academic profile and career potential, not the bank&#8217;s institution list. You can also try the <a href=\"https:\/\/pmvidyalaxmi.co.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">Vidya Lakshmi portal<\/a>, which lets you send one application to multiple banks at the same time.<\/p>\n\n\n\n<p><strong>2. Loan sanctioned but the amount falls short:<\/strong> If the gap isn&#8217;t too large, a scholarship can close it. A merit reduction of Rs. 2 lakh to Rs. 3 lakh from your university gets counted as your margin contribution by most Indian banks, which means you need to borrow less. Have a look at <a href=\"https:\/\/leapscholar.com\/blog\/top-uk-scholarships-for-indian-students-online-guide-to-avail-them\/\" target=\"_blank\" rel=\"noreferrer noopener\">scholarships in the UK for Indian students<\/a>.<\/p>\n\n\n\n<p><strong>3. Disbursement delayed vs. university payment deadline:<\/strong> The moment you sense a delay, pick up the phone and call your university&#8217;s international fees office. Do not wait for the disbursement to actually fail. Ask them for a written payment extension; UK universities handle these requests regularly, and most will grant one. Once you have it in writing, share it with your bank right away so they know the situation is urgent.<\/p>\n\n\n\n<p><strong>4. Low academic score causing rejection:<\/strong> Public sector banks usually want at least 65% in 12th standard and somewhere between 60% and 70% in your undergraduate degree. If your numbers fall below that, do not write off the loan entirely. NBFCs like Credila and Avanse look at the whole picture: your university, course, and earning potential after graduation rather than just cutoff marks.<\/p>\n\n\n\n<p><strong><em>Counselor insight: <\/em><\/strong><em>A rejection from one lender does not mean no from all of them. Move the same week, visit a second bank, an NBFC, or an international lender. The visa clock does not care about your loan situation, and the 28-day funds requirement will not wait.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Takeaways_on_Education_Loan_for_Studying_in_UK\"><\/span><strong>3 Takeaways on <strong>Education Loan for Studying in UK<\/strong><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul>\n<li><strong>First, <\/strong>start your education loan application for studying in the UK as soon as you receive your offer letter, not after your visa is approved. The 28-day bank funds rule means your loan sanction needs to be in place at least five weeks before your visa appointment.<\/li>\n\n\n\n<li><strong>Second, <\/strong>if your sanctioned loan does not cover your total cost, add a scholarship instead of cutting your living budget. A Rs. 2 lakh merit scholarship counted toward your margin can unlock a higher loan sanction from your bank.<\/li>\n\n\n\n<li><strong>Third,<\/strong> before accepting your university&#8217;s tuition payment deadline, confirm your bank&#8217;s disbursement date in writing. A mismatch between disbursement timing and university payment expectations is the most preventable problem in the UK education loan process.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_About_Education_Loan_for_Studying_in_UK_for_International_Students\"><\/span><strong>Frequently Asked Questions About Education Loan for Studying in UK for International Students<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<ul class=\"rank-math-list \">\n<li id=\"faq-question-1778592229233\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \"><strong>Can I get an education loan for studying in the UK without collateral?<\/strong><\/h5>\n<div class=\"rank-math-answer \">\n\n<p>Yes, getting an education loan for UK without collateral is doable. SBI waives it up to Rs. 64.8 lakh (GBP 50,000) if your university is on their premier list. Prodigy Finance and Leap Finance skip collateral entirely and don&#8217;t need a co-signer either. Just know that the interest rate runs 1.5%-3% higher per year compared to secured loans. Always check if your university is eligible before you apply.<\/p>\n\n<\/div>\n<\/li>\n<li id=\"faq-question-1778592231280\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \"><strong>Which bank is best for an education loan for studying in UK for international students in 2026?<\/strong><\/h5>\n<div class=\"rank-math-answer \">\n\n<p>There&#8217;s no single correct lender for every student. If you have property to put up and your university is on SBI or Bank of Baroda&#8217;s premier list, go through the public bank route for the best rate. Do you have no property or need a fast decision? Prodigy Finance or Leap Finance is worth looking at for a study loan for the UK, and both usually respond within 3-7 working days. Don&#8217;t settle on the first option; compare at least two.<\/p>\n\n<\/div>\n<\/li>\n<li id=\"faq-question-1778592232293\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \"><strong>What is the interest rate for an education loan to study in UK?<\/strong><\/h5>\n<div class=\"rank-math-answer \">\n\n<p>Interest rates start at 8.70% p.a. for Bank of Baroda premier institutions and 8.40%\u20138.90% p.a. for SBI Global Ed-Vantage (floating, linked to EBR) as of April 2026. NBFCs like Credila begin at 9.95%, while Prodigy Finance starts at 9.65% variable, with a representative APR of 12.14%. These numbers shift with RBI policy, so ring the lender before you make any decisions.<\/p>\n\n<\/div>\n<\/li>\n<li id=\"faq-question-1778592233415\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \"><strong>Does an education loan for studying in UK for international students cover living expenses?<\/strong><\/h5>\n<div class=\"rank-math-answer \">\n\n<p>Yes, and quite a bit more than most people expect. Accommodation, food, local transport, IHS, the visa fee, flights, books, and your laptop are all commonly covered. That said, every lender has a different limit. Get the full list from them in writing before you sign anything.<\/p>\n\n<\/div>\n<\/li>\n<li id=\"faq-question-1778592234408\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \"><strong>What documents do I need for a UK education loan from India?<\/strong><\/h5>\n<div class=\"rank-math-answer \">\n\n<p>Most students underestimate how much paperwork is involved. On your side, you need Aadhaar, PAN, passport, Class 10 and 12 marksheets, all undergraduate marksheets, the provisional degree certificate, your UK offer letter, GRE\/GMAT\/IELTS scorecard, and a fee structure from the university. Your co-applicant needs to bring 3 months of salary slips, 2 years of Form 16, a 6-month bank statement, and a 2-year ITR. If you are pledging property, the bank will need the title documents and a valuation certificate. Get everything scanned before you walk in; it speeds things up considerably.<\/p>\n\n<\/div>\n<\/li>\n<li id=\"faq-question-1778592235735\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \"><strong>How much loan can I get for studying in the UK?<\/strong><\/h5>\n<div class=\"rank-math-answer \">\n\n<p>With a secured loan at a premier institution, SBI and Bank of Baroda can go up to Rs. 1.50 crore (GBP 1,15,732). Without collateral, most lenders stop at Rs. 64.8 lakh (GBP 50,000). Prodigy Finance goes up to USD 2,20,000 (around Rs. 1.83 crore). It depends on your university, the course you are pursuing, and what your co-applicant earns on getting sanctioned.<\/p>\n\n<\/div>\n<\/li>\n<li id=\"faq-question-1778592236793\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \"><strong>Is Prodigy Finance available for UK universities?<\/strong><\/h5>\n<div class=\"rank-math-answer \">\n\n<p>Yes, and it&#8217;s a genuinely useful option for UK-bound students. Prodigy Finance is based in London and supports postgraduate programs at 1,800+ universities worldwide, including many in the UK. It doesn&#8217;t fund bachelor&#8217;s degrees, and you need to be studying outside India to qualify. Before you apply, go to the official site and confirm if your specific university and course are on the list; not every program qualifies.<\/p>\n\n<\/div>\n<\/li>\n<li id=\"faq-question-1778592237962\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \"><strong><strong>Can I get an education loan for UK without a co-applicant?<\/strong><\/strong><\/h5>\n<div class=\"rank-math-answer \">\n\n<p>Indian public banks always require a co-applicant. Prodigy Finance and Leap Finance are the two main options that do not require one. Both are collateral-free and process applications entirely online. If you cannot arrange a co-applicant, these are your most practical routes for a UK study loan for international students.<\/p>\n\n<\/div>\n<\/li>\n<li id=\"faq-question-1778592239378\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \"><strong>My education loan for the UK was rejected. What should I do?<\/strong><\/h5>\n<div class=\"rank-math-answer \">\n\n<p>First thing: ask the bank for the rejection reason in writing. Nine times out of ten, it comes down to one of three things: your university isn&#8217;t on their approved list, the co-applicant&#8217;s income doesn&#8217;t clear the bar, or your academic scores fall short of the cutoff. Once you know which, you can move. Switch to a lender with a wider list, bring in a co-applicant with a stronger income, or try an NBFC if the public bank is being rigid. The Vidya Lakshmi portal lets you apply to multiple banks in one shot.<\/p>\n\n<\/div>\n<\/li>\n<li id=\"faq-question-1781249603611\" class=\"rank-math-list-item\">\n<h5 class=\"rank-math-question \"><strong>Can I get a loan to study in the UK as an Indian student?<\/strong><\/h5>\n<div class=\"rank-math-answer \">\n\n<p>Indian students can borrow through Indian public banks like SBI and Bank of Baroda, NBFCs like HDFC Credila, or international lenders like Prodigy Finance and Leap Finance. You do not need to be a UK resident or have UK credit history. What you need is an unconditional offer letter from a recognised UK university and, for Indian bank loans, a co-applicant with a stable income. The loan covers tuition, accommodation, visa fees, and living costs.<\/p>\n\n<\/div>\n<\/li>\n<\/ul>\n<\/div>","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\"><\/span> <span class=\"rt-time\">15<\/span> <span class=\"rt-label rt-postfix\">min read<\/span><\/span> \u26a1 Quick Read Borrow up to GBP 1,15,732 (Rs. 1.50) crore for UK studies through Indian public banks. No collateral is needed for loans up to GBP 38,600 (Rs. 50 lakhs) at ranked universities. Interest rates on an education loan for UK start at 8.40% p.a. for secured loans and 8.45% onwards for collateral-free options [&hellip;]<\/p>\n","protected":false},"author":88,"featured_media":79785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,9],"tags":[552,706,551],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/leapscholar.com\/blog\/wp-json\/wp\/v2\/posts\/65935"}],"collection":[{"href":"https:\/\/leapscholar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leapscholar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leapscholar.com\/blog\/wp-json\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/leapscholar.com\/blog\/wp-json\/wp\/v2\/comments?post=65935"}],"version-history":[{"count":18,"href":"https:\/\/leapscholar.com\/blog\/wp-json\/wp\/v2\/posts\/65935\/revisions"}],"predecessor-version":[{"id":79818,"href":"https:\/\/leapscholar.com\/blog\/wp-json\/wp\/v2\/posts\/65935\/revisions\/79818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/leapscholar.com\/blog\/wp-json\/wp\/v2\/media\/79785"}],"wp:attachment":[{"href":"https:\/\/leapscholar.com\/blog\/wp-json\/wp\/v2\/media?parent=65935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leapscholar.com\/blog\/wp-json\/wp\/v2\/categories?post=65935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leapscholar.com\/blog\/wp-json\/wp\/v2\/tags?post=65935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}