How much educational loan amount can I get if I apply for it in UK/Ireland for a Master's/Postgraduate?
The typical education loan amount you can get depends on the country and the lender:
- UK: Government-backed master's loans for Indian students are not available. You can apply for loans from Indian banks, usually up to ₹7.5 lakh without collateral and higher amounts (up to ₹75 lakh) with collateral, depending on the bank's policy and your financial profile.
- Ireland: No government postgraduate loan scheme for international students. Indian banks may offer loans covering tuition and living expenses, with the amount based on your eligibility and collateral.
- Canada: Indian banks offer loans ranging from ₹7.5 lakh (collateral-free) up to ₹75 lakh (with collateral), subject to your academic and financial profile.
Loan approval and amount depend on factors like your academic record, co-applicant's income, and collateral. With a 6-year gap after graduation, you may need to provide extra documentation.
Will you qualify for an Irish education loan?
Collateral, co-applicant income and repayment. Check your eligibility in minutes.
More Cost & living questions
- Is a loan sanction letter from the government regulated Indian Bank accepted for a UK student visa application?
- How much bank balance is needed for an Italy student visa after failing math in 12th grade?
- 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?
- 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?
- 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?
More Ireland questions
- By when should my HEP point be completed, should it be this month to avoid delay in UK?
- Can I study in the UK without IELTS, and which universities accept other English tests?
- Is the USA the best country option for my AI or data science master's program, or should I consider other countries in UK/Canada?
- What scholarships are available for Cybersecurity Master's programs in UK universities?
- Can you tell me which colleges provide good scholarships, especially need-based rather than merit-based scholarships in Ireland/France for a Master's?
- Which universities in the UK offer MS Accounting & Finance for a B.Tech Computer Engineering graduate and ₹40 lakhs budget?
- After completing my studies, can I stay back in Ireland and apply for permanent residency for a Master's/Bachelor's?
- Which course are you planning to do abroad in UK for a Master's/MBA?