Do we have the option of student loan or personal loan for studying abroad in the UK?

Yes, you can apply for an education loan or a personal loan from Indian banks and NBFCs to fund your studies in the UK.

- Education loans are designed for studying abroad and usually cover tuition, living expenses, and travel. You’ll need a confirmed admission offer, a co-applicant (often a parent/guardian) with stable income, and possibly collateral for higher amounts. Interest rates are typically 8.5% - 14% and repayment starts after a moratorium period post-course completion.
- Personal loans are also available but generally have higher interest rates and shorter repayment periods, making them less suitable than education loans.

UK government-backed student loans are not available to Indian students, but some private lenders may offer loans with strict requirements.

Loan terms are subject to change.