Is there a loan amount range that I can expect for studying in the UK for a Master's?
You can generally expect education loans for UK master's programs to cover both tuition fees and living expenses, with amounts typically ranging up to ₹1.5 crore depending on the lender, your academic profile, and your chosen university. Tuition fees for UK universities can range from £22,000 to £42,000 per year, while living expenses vary between £900 and £1,800 per month based on the location. Interest rates on loans usually fall between 9.5% and 12.5% per annum, with repayment periods of 10 to 15 years and options for moratoriums during your course. For personalized guidance on loan options and to explore what fits your profile best, please connect with your LeapScholar counsellor.
More expert answers
The typical budget for a one-year master's in the UK is £26,000 - £58,000 (tuition plus living expenses).
- Tuition: £15,000 - £40,000/year (higher for MBAs or clinical courses; subject to change)
- Living expenses: £13,000 - £18,000/year in London, £11,000 - £14,000/year in other regions (subject to change)
- Other costs: Visa (~£524) and health insurance (~£776/year; subject to change)
For Indian students, education loans usually range from ₹7.5 lakh to ₹35 lakh, with interest rates of 8.5% - 13.5% per annum (subject to change). Loan eligibility depends on your admission, co-applicant, and collateral.
If you need help comparing loan options or understanding your eligibility, connect with your LeapScholar counsellor.
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