Why Choose the UK for Higher Education?
In 2023-24, over 88,000 Indian students chose the UK for higher education. Here’s why more and more students are applying for an education loan for Indian students in the UK:
Students can choose from a range of specialized courses and interdisciplinary programs.
With state-of-the-art facilities and innovative research centers, the UK fosters academic excellence.
A diverse environment helps students build international networks and gain global exposure.
Graduates from UK institutions are highly sought after by top multinational companies.
Explore Education Loan Options for UK
The step one of planning your studies in the UK is selecting the right education loan. With FDM Finance, you can explore loan options designed for Indian students heading to the UK.
01 Education Loan for Masters in the UK
Special loan plans for Masters students in UK.
02 Education Loan for Indian Students in UK
UK education loans designed specifically for Indian students.
03 Unsecured Education Loan
No collateral required, faster approval process.
04 Collateral-Based Education Loan
Higher loan amounts with lower interest rates.
Banks & Lenders Offering Education Loans For UK
Wondering which bank gives education loan without collateral for abroad studies? Here are some top lenders you can check out.
Bank Name
Loan Amount
Interest Rate
Processing Time
Processing Fee
Upto INR 2 Crore
9.95% - 12%
7 Days
0.5 - 1%
Upto INR 2 Crore
9.95% - 13.50%
10 Days
0.75 - 1%
Upto USD 200K
10.5% - 14%
7 days
100USD+ 5%
Upto INR 1.5 Crore
10.15% - 11.15%
25 days
INR 10,000
Upto INR 1.5 Crore
9.75% - 13%
14 days
0.75%
Upto INR 1.5 Crore
10% - 13%
7 days
0.85 - 1 %
Upto INR 1.5 Crore
10.50% - 13%
7 days
1%
Upto INR 1 Crore
9.95% - 12%
7 days
0.5 - 1 %
Education Loan Eligibility Criteria For Studying in the UK
Indian citizen with confirmed admission to a UK university
Age: 18-35 years
Strong academic record
Co-applicant (parent/guardian) required
Collateral (Needed for higher loan amounts)
UK Education Loan: Documents Required
Admission letter from a UK university.
Academic transcripts and certificates.
Valid passport, Aadhaar, and PAN card.
Co-applicant’s income proof and bank statements.
Collateral documents (if applicable)
Top Universities of UK
Imperial College London
University of Oxford
University of Cambridge
University College London (UCL)
King’s College London (KCL)
University of Edinburgh
University of Manchester
University of Bristol
London School of Economics and Political Science (LSE)
University of Warwick
University of Birmingham
University of Glasgow
University of Leeds
University of Southampton
University of Sheffield
Durham University
University of Nottingham
Queen Mary University of London
University of York
University of Exeter
University of Bath
University of Liverpool
University of Reading
University of Aberdeen
Queen’s University Belfast
Loughborough University
University of Leicester
University of Sussex
University of Surrey
University of Strathclyde
Heriot Watt University
Royal Holloway, University of London
University of Dundee
University of East Anglia (UEA)
City, University of London
Brunel University London
University of Kent
Oxford Brookes University
University of Essex
Goldsmiths, University of London
frequently asked questions
Can I get an education loan in the UK?
You can definitely get an education loan to study in the UK. There are several places you can look for loans, like Indian banks, NBFCs, or even lenders based in the UK. If you’re looking for the best deal, FDM Finance’s loan bidding platform can really help. It lets you compare different loan offers quickly, and you can get offers within 48 hours. Plus, you might save up to 23 lakhs.
What is the education loan rate in the UK?
Interest rates vary depending on who you borrow from. Here’s the breakdown:
- Indian banks: Usually charge between 8% and 13%.
- Private UK lenders: Rates are typically between 5% and 13%, depending on the deal.
Each type of loan has its own details, so it’s a good idea to see which one fits your needs best. You can also use FDM Finance EMI calculator to figure out your monthly payments.
How much student loan will I get in the UK?
The amount you can borrow depends on things like your course, the university you’re going to, and the lender’s rules. Here’s what to expect:
- Indian banks and NBFCs might lend up to ₹1.5 crore if you’re heading to a top university.
- Private lenders could cover all your tuition and living costs.
What are the repayment terms for UK education loans?
When it comes to paying back the loan, it varies by lender:
- Indian banks usually give you up to 15 years.
- Private lenders might offer between 5 and 15 years.
Both these types of lenders also offer a moratorium period of 6 to 12 months post your course completion.
How do I apply for a UK education loan for international students?
Applying for a loan isn’t too complicated. Here’s what to do:
- Pick the kind of lender you want (like an Indian bank, an NBFC, or a UK lender).
- Gather the paperwork you’ll need, such as your university admission letter, proof of your finances, and your academic records.
- Send in your application, either online or at their office.
If it’s approved, the lender will send the money based on the university’s payment schedule.
If you want the best possible deal, FDM Finance loan bidding platform is super useful. It lets you see multiple loan offers side by side so you can choose the one with the best rates.