Will I be able to get an education loan for the remaining amount after my savings in UK/Australia for a Master's?
Yes, you are likely eligible to get an education loan for the remaining amount after using your savings for your Master's abroad.
Indian banks and financial institutions typically offer education loans for studies in countries like the UK, Australia, Singapore, and the UAE. Common requirements include:
- Minimum 50% marks in Higher Secondary Certificate (HSC) and graduation
- Confirmed admission to a recognized institution and career-focused course
- Co-applicant with regular income (often a parent or sibling)
With your 7.2 CGPA and four backlogs, eligibility depends on the lender - some may be flexible if you have admission to a reputable institution and a strong financial profile.
Still have doubts?
Speak to a LeapScholar expert — free, no obligations.
More Cost & living questions
- Can I pursue an MBA abroad after completing a Bachelor of Science degree?
- 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?
- Can you explain the difference between Germany and Ireland regarding dependent visas and family stay for a PhD?
More Australia questions
- 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?
- Which universities in the UK offer MS Accounting & Finance for a B.Tech Computer Engineering graduate and ₹40 lakhs budget?
- Which course are you planning to do abroad in UK for a Master's/MBA?
- Can I apply for a master's program in Australia immediately after completing my bachelor's at age 25?
- How does the show money requirement work for Australia visa applications?
- What are the visa application chances and procedures for USA compared to Australia?
