What are the scholarship and loan options available for a budget of around 20 lakhs INR in UK/New Zealand?
You have several scholarship and loan options to help cover a study abroad budget of around ₹20 lakhs, especially for the UK and New Zealand.
Scholarships:
- UK: Options include Chevening Scholarships (fully funded, highly competitive), GREAT Scholarships (£10,000 towards tuition), and various university-specific merit scholarships (often £2,000 - £10,000).
- New Zealand: The government and universities offer scholarships that can cover tuition, living expenses, or provide up to NZD 10,000.
Education Loans:
- UK: Banks like SBI, HDFC Credila, and Axis Bank typically offer loans up to ₹75 lakhs or more, with interest rates and collateral requirements varying by amount.
- New Zealand: InCred and HDFC Credila provide loans up to ₹20 - 75 lakhs, with interest rates from 12.25% - 13% (subject to change).
Combining scholarships, loans, and personal savings is a practical way to meet your budget.
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