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Education Loan for UK

Get up to Rs 40 Lakhs for your Studies Abroad in UK within 3 days at Zero Service Charges!!

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100+ Cr
Disbursed
10+
Banks & NBFC
15+
Countries
3 days
Average Time
ICICI Bank Logo

Interest Rate

starts 10.95%

Amount

Upto ₹100 Lacs

Processing Fee

1% - 2%

Type

Bank

Loan Tenure

12 years

Tax Benefits

Yes

7 days processing time
ICICI Bank Logo

Interest Rate

starts 9.5%

Amount

Upto ₹40 Lacs

Processing Fee

1% - 2%

Type

Bank

Loan Tenure

15 years

Tax Benefits

Yes

5 days processing time
Union Bank Logo

Interest Rate

starts 9.30%

Amount

Upto ₹40 Lacs

Processing Fee

₹0

Type

Bank

Loan Tenure

15 years

Tax Benefits

Yes

15 days processing time
Axis Bank Logo

Interest Rate

starts 10%

Amount

Upto ₹75 Lacs

Processing Fee

2%

Type

Bank

Loan Tenure

15 years

Tax Benefits

Yes

10 days processing time
HDFC Credila Logo

Interest Rate

starts 10.5%

Amount

Upto ₹40 Lacs

Processing Fee

1% - 1.5%

Type

NBFC

Loan Tenure

15 years

Tax Benefits

Yes

4 days processing time
Auxilo Logo

Interest Rate

starts 10.5%

Amount

Upto ₹40 Lacs

Processing Fee

1% - 2%

Type

NBFC

Loan Tenure

10 years

Tax Benefits

No

3 days processing time
avanse Logo

Interest Rate

starts 10.5%

Amount

Upto ₹40 Lacs

Processing Fee

1% - 1.5%

Type

NBFC

Loan Tenure

15 years

Tax Benefits

No

4 days processing time
InCred Logo

Interest Rate

starts 11%

Amount

Upto ₹40 Lacs

Processing Fee

1% - 1.5%

Type

NBFC

Loan Tenure

15 years

Tax Benefits

No

4 days processing time
Prodigy Finance Logo

Interest Rate

starts 11.50%

Amount

Upto ₹200 Lacs

Processing Fee

5%

Type

International

Loan Tenure

20 years

Tax Benefits

No

7 days processing time
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What's Next!
  1. Eligibility Check
  2. Documentation
  3. Application Login
  4. Deal Negotiation
  5. Loan Approval
  6. Disbursement
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Education Loan for Study in UK

The Universities and Colleges of the United Kingdom are quite famous and at the top Universities list of many surveyors. Many students prefer to study in top universities in the UK and work in top-class companies after that. To get a UK Study Visa, you must fulfil the minimum fund requirements for University Fees, Living Expenses, Health Insurance and Travel costs. You need solid evidence to back the source of funds available for the study in the UK. Education Loan is the most popular, immigration-acceptable and trustable source of funds. Our team will help you get the necessary funds in minimal time and documentation.

Eligibility Criteria for UK Education Loan

Many Banks and NBFCs provide Education loans to students wanting to study in UK. To be eligible for it, you must fulfil the following eligibility criteria.

  • Applicant must be an India Citizen.
  • Applicant should have at least 50% academics.
  • Applicant must secure admission or have already applied to a recognized university in the United Kingdom
  • Letter of Admission or Offer Letter is not required
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Documents required for UK Study Loan

The applicant must share these documents to obtain an education loan to study in the UK. Almost all financial institutions have similar requirements regarding documentation. Depending on the applicant's profile, they may ask you for more documents, but here is the standard list of documents.

No-CoSigner Study Loan by International Lenders
  • Passport, Aadhar Card and PAN Card of Applicant
  • Academic Documents
  • English Language proficiency test results (e.g. IELTS, TOEFL, PTE, Duolingo) [if applicable]
  • University Offer Letter or Letter of Admission (mandatory)
UnSecured Study Loan by Indian Lenders
  • Passport, Aadhar Card and PAN Card of Applicant
  • Academic Documents
  • English Language proficiency test results (e.g. IELTS, TOEFL, PTE, Duolingo) [if applicable]
  • Qualifying results (e.g. GMAT, GRE) [if applicable]
  • Experience Letter & Salary Slips of Applicant [if working]
  • Aadhar Card and PAN Card of Co-Applicant
  • Income Proof such as Salary Slips, GST Certificate, Business registration etc., of Co-Applicant.
  • Bank Statements of Co-Applicant
Secured Study Loan by India Lenders
  • Passport, Aadhar Card and PAN Card of Applicant
  • Academic Documents
  • English Language proficiency test results (e.g. IELTS, TOEFL, PTE, Duolingo) [if applicable]
  • Qualifying results (e.g. GMAT, GRE) [if applicable]
  • Experience Letter & Salary Slips of Applicant [if working]
  • Aadhar Card and PAN Card of Co-Applicant
  • Income Proof such as Salary Slips, GST Certificate, Business registration etc., of Co-Applicant.
  • Bank Statements of Co-Applicant
  • Collateral documents such as Property registration or Fixed Deposit receipts
Document Checklist

Things that an UK Education loan covers

Most Banks and NBFCs provide Financial Assistance based on the Cost of Education in the United Kingdom. The Education Loan covers Tuition Fees, Living Expenses and Travelling Expenses

  • University/College Fees (approx £13,000 - £25,000)
  • Living Expenses (£12,000)
  • Travel Expenses (One-way flight costs about £500)
  • Health Insurance (about £776/yearly)
  • Other research, thesis, and project-work-related expenses (vary)

That's huge. I know, but don't worry; an education loan for United Kingdom covers all expenses required for a smooth visa process. Abroad Cube will help you to get 100% finances for your expenses in United Kingdom while studying.

Types of UK Education Loan

UnSecured Education Loan

The most chosen option by study abroad aspirants is an unsecured education loan because it requires no collateral or security. The eligibility is based on University Ranking, Course type, Student Academics, Financial History and income of Co-Applicant. Being faster and more accessible compared to a Secured Education Loan, it is quite famous among students. The interest rate starts at 9.30% and varies based on the complete application. The decision process takes 3-4 days on average if the bank has complete documentation.

No-CoSigner Education Loan

You can explore this product if you do not have any CoApplicant or Collateral. The financial institution provides education loans for selected universities and courses solely based on the applicant's profile. The interest rate is slightly higher, and processing is usually completed in one week. The renowned financial institution is Prodigy Finance.

Secured Education Loan

Being slightly long but equally rewarding, the Secured Education Loan is chosen by Students looking for a better interest rate or failing to meet an Unsecured Loan's eligibility criteria. The bank may take a long time to process the application because of Legal and Technical security requirements. The Collateral is generally a property such as a Home, Shop or Building or a Fixed Deposit. The interest rate starts at 9% and has easier eligiblity criteria.

Tips for Choosing the Best Education Loan for UK

Choosing the best education loan for Study in the UK is important to avoid stress and save on your funds. Here are some tips to ace the Education Loan journey.

  • Choose the right repayment method - Make a wise decision when choosing the best applicable repayment method. A small change in repayment method can help you save more than Rs 5 Lacs.
  • Go for an Indian Lender if eligible - If you have a good-earning Co-Applicant, go for an Indian Bank or NBFC instead of an International Lender to save on interest rates and processing fees.
  • Cross-Check the Sanction Conditions - Before paying the processing fees, cross-check the Sanction Conditions. Some conditions include proof of funds or a fixed deposit.
  • Confirm the Moratorium period - Check with the Lender Representative to confirm the Moratorium and grace period. The grace period ranges from 0 to 12 months based on the Loan Terms and Conditions.
  • Apply to multiple banks/NBFCs for the best offer: Always apply to at least 2-3 banks/NBFCs to avoid last-minute rejection, and compare quotes from different lenders to choose the best one.

Why choose Abroad Cube for UK Education Loan ?

If you are looking for an Education Loan, you are in the right place. We will help you get funds for your dream of studying in UK from the world's best universities.

Higher Chances of Approval

When applying for an education loan through Abroad Cube, you can expect higher chances of approval as our expert will verify the documents before submission and suggest better alternatives for higher approval.

Low Processing Time

Using the latest technology and years of experience, we expedite the application process by 65%, reducing overall processing time. Applying using the exact required documents with the eligible lender is the key to getting an application processed in record processing time.

Personalized Document Checklist

Our Education Loan Expert will send you a Personalized Document Checklist, removing all unnecessary documents, easing the process and giving you peace of mind.

Negotiation on Interest Rate & Processing Fees

We will help you get Comparable, Negotiated and best-suited Education Loan deals, saving you up to Rs 3 Lakhs. The major negotiable components are Interest Rate and Processing Fees.

Free Education Loan Assistance

We are not charging any service fees for helping with the Study Abroad Education Loan. Also, there are no hidden fees involved, which is guaranteed. For each approval, we get paid a referral fee by concerned Banks and NBFCs without any additional charge to students.

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You can contact us anytime to apply for an Education Loan or to resolve your doubts

Disclaimer: Any Bank/NBFC/Financial Institution does not endorse, promote, review or warrant the accuracy of the product or services offered by Abroad Cube. This platform is independently run by a team of experts.
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