Do I have a query about collateral related to study abroad in UK for a Master's?
Yes, you can get a collateral-backed education loan for your study abroad expenses. Indian banks offer secured loans where you or your family can pledge assets like property, fixed deposits, or insurance policies as collateral.
These loans usually allow higher amounts, lower interest rates, and longer repayment terms. For larger loan amounts, collateral is often required, but smaller loans up to around ₹7.5 lakhs may be available without collateral, typically with a co-applicant.
Given your plan to study a Master's in the UK, you will likely need collateral if you seek a substantial loan.
Will you qualify for a UK education loan?
Collateral, co-applicant income and repayment. Check your eligibility in minutes.
More Cost & living questions
- Is it better to spend 12 lakhs in India or go abroad for higher studies in Germany for a Master's?
- Does the agency provide end-to-end services including visa, loan guidance, and accommodation?
- Is it possible to get a fully funded scholarship if he scores seven or above (seventy percent) in the third year in Germany?
- Do I need to score well in GRE, GMAT, or IELTS to get good scholarships in top business schools for a MBA?
- Do I need to show living expenses in my bank account for visa purposes, and can I withdraw it after reaching Ireland?
- How do I get an education loan for an MBA abroad as an Indian student?
- When does the Korean Government Scholarship open applications for undergraduate students from India?
- What kind of questions might be asked during scholarship evaluations?
More UK questions
- Is a loan sanction letter from the government regulated Indian Bank accepted for a UK student visa application?
- By when should my HEP point be completed, should it be this month to avoid delay in UK?
- Is it possible to study computer science with specialization in artificial intelligence in UK/New Zealand for a Master's?
- Can I study in the UK without IELTS, and which universities accept other English tests?
- How do US universities evaluate Indian LLM applicants differently from UK or European law schools?
- What is the fee range for a one-year MBA course compared to a two-year course in UK?
- Can I call my husband on a dependent visa after I go on a student visa for my masters abroad in UK/Ireland?
- What scholarships are available for Cybersecurity Master's programs in UK universities?
