Would you be able to suggest me options for funding my study abroad, such as educational loans or sponsorship in UK/UAE?
Yes, you have several options to fund your studies abroad, including education loans, scholarships, personal savings, and sponsorships.
- Education loans: Indian banks and NBFCs (Non-Banking Financial Companies) offer loans for international studies. Loans up to ₹7.5 lakh may not require collateral, while higher amounts usually do. Interest rates and terms are subject to change based on the lender and loan type.
- Scholarships: The UK offers scholarships like GREAT Scholarships India and Commonwealth Scholarships, which may cover tuition and living expenses. UAE scholarships are limited, but some universities provide merit-based options.
- Personal savings or family support: Using your own or family funds can reduce your loan burden.
- Sponsorships: Some employers offer financial support for further studies if the course is relevant to your role.
- Part-time work: Depending on visa rules (subject to change), you may be allowed to work part-time to help with living costs, but this should not be your main funding source.
For personalized guidance on the best funding mix for your profile, connect with your LeapScholar counsellor.
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