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What is the interest rate range for education loans, and what expenses do these loans typically cover in UK?

06 Aug 2026 · Answered by Sumit Singh Chauhan · 1 min read
Sumit Singh Chauhan
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Education loan interest rates for Indian students going to the UK typically range from 9% to 15% per annum. Secured loans (with collateral) usually have lower rates, while unsecured loans are faster to process but may be costlier.

These loans generally cover:
- Tuition fees for your course
- Living expenses (food, transport, personal costs)
- Accommodation (rent)
- Travel costs (to and from the UK)
- University fees (registration, exams, labs)
- Study materials (books, supplies)
- Insurance (health, travel)

Coverage and rates vary by lender and loan type.

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