Can I get a loan for my study abroad expenses, and what documents like ITR will be required in UK?
Yes, you can get an education loan for your UK studies. Indian banks and NBFCs offer loans for study abroad, often requiring documents like academic transcripts, admission letter, passport, and fee details. For your co-applicant, banks usually ask for income proof such as recent salary slips or income tax returns (ITR). Exact requirements vary, so check with your chosen lender to confirm what they need.
More expert answers
Yes, you can take an education loan from Indian banks or financial institutions to cover both tuition fees and living expenses when studying abroad, including in the UK.
- Loans typically cover up to 100% of your study expenses, including accommodation and daily living costs.
- You usually need confirmed admission to a recognized foreign university and a co-applicant with a stable income.
- Collateral may be required based on the loan amount and lender policies.
- Repayment generally starts after a moratorium period post-course completion.
Loan terms and visa financial requirements are subject to change.
Will you qualify for a UK education loan?
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