So as to give wings to your dreams and career for studying abroad in UK, you do not just need a  University Admission. Of course, that is a paramount condition, but it is just one of many things that you require to set your goals into motion. The ignition for that dream is  ways and means to finance your studies and what better way than for Study loans for UK. After your anxious wait for the letter of acceptance, you now need a chunk of finance to get going. Study loan for UK has become a popular option these days simply because studying anywhere international could cut you a slack in pocket. The scholarships would only be able to cover 20-50% of your expenses. Remaining expenses come from cash-in-hand resource. Study abroad education loan plays a pivotal role in deciding the future course of action. A lot of Indians choose to study in the UK because of various reasons. 

The primary reason is some of the best and internationally acclaimed universities, such as Oxford. Apart from that, Indians find the education system of UK quite familiar, which makes it simpler to adapt and study. Plus, the master’s degree is only 1 years and hence study abroad education loan becomes very feasible. Having said all that, a well-structured and properly planned study abroad education loan will get you going without hassle. Students must depict certain amounts of liquid assets in their financial statement apart from the letters of scholarships and loan documents or can show study loan from UK. UK Border Agency recognises for study loan for UK only Nationalised Banks, Private Banks and International Banks. They do not recognise NBFC like HDFC Credila, Avanse etc. However let’s look at the Option one has for UK education loan. The cost of Master’s degree in UK is around GBP 15000 – 20000 

Financial Institutions which offer study loan for UK :-

• Bank Of Baroda –Bank of Baroda offers study loan for UK. Leading universities like University of Bath, Cardiff University, kings College London, University of Cambridge, University of Oxford etc fall under the Bank Of Baroda prime category list. UKVI approves the sanction letter of bank of Baroda. The rate of interest currently is 8.35% for male and 7.85% for females in case the student is in the prime category list. They offer hundred percent loan amount and have a refundable processing fee of Rs.10,000. It is the best loan option to go for in case you're looking at an secured loan for study abroad education loan.
• State Bank of India - State bank of India offers up to 90% loan on collateral value for UK. The interest rate is 9.05% and can reduce by 0.5% for a girl child for study loan for UK. UKVI accepts SBI sanction letter for VISA purpose. You can look at this option to avail Study Abroad Education loan for UK.
• ICICI Bank -  ICICI Bank offers Unsecured study loans for UK up to Rs 40 Lakhs for Universities such as University of Oxford, University of Cambridge etc. We have University of Bath, Kings college London etc at an unsecured loan for INR 20 Lakhs. The other important criteria is parental income for study abroad education loan. The UKVI approves the sanction letter for VISA purpose.
• NBFC’s -  NBFC like HDFC Credila, Avanse, Incred etc is not approved by UKVI as a financial institution, however it does not mean that one cannot take study loan from UK for them for study. The NBFC do offer unsecured loans for leading universities in UK with strong co-signer profile. In case the student needs to show these funds he/ she would need to disburse the funds in the account and keep it for 28 days for applying for the VISA.

WHY EDULOANS :- Edu loan’soffers you an excellent experience from scratch. We will understand your requirements and look at various eligibility checks for study abroad education loan .For Study loans for UK you have various financial institutions offering you Non collateral based loans. We will get you aligned to the best education loan provider for Study Loans for UK and help you realise your dream.