How much education loan can I get and what is collateral in education loans in UK for a Master's?

You can get an education loan as an Indian student planning to pursue your Master's in the UK, with loan amounts and collateral requirements varying by lender. For most public sector banks, loans can go up to ₹1.5 crore, while private banks usually offer up to ₹50 lakh without collateral and higher amounts with collateral. Non-banking financial companies may offer up to ₹60 lakh, often without requiring collateral. Collateral means assets like property, fixed deposits, or insurance policies that you pledge to secure the loan; Indian banks typically require this for amounts above ₹7.5 lakh. Eligibility will depend on your admission to a recognized UK university, a co-applicant with a stable income, and a good credit score. For detailed assistance with the education loan process, please connect with your LeapScholar counsellor.