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Education Loan for Students in UK

All banks provide education loans for the UK to Students who are looking for master's or bachelor's programs.

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Education Loan for Students in UK

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  1. EDUCATION LOAN FOR STUDENTS IN UK

  2. For international students looking to study abroad, the UK is the ideal location. Universities in the UK now enrol more than 605,130 foreign students. Surprisingly, India ranks as the second-highest nation of origin for students at UK higher education institutions. If you are a candidate for admission to the UK but are concerned about the expense of attending a UK university. Don't worry; student loans are available for the UK. An education loan for UK study is one of the most popular options among the different forms of financial help offered to overseas students.

  3. Requirements Attested mark sheets copies of class X, XII, and the Bachelor's degree (if applicable) Minimum two academic reference letters from professors who have taught most recently letters of recommendation from the employer/manager if have any work experience. Statement of Purpose (SOP) Resume Photocopied score reports of SAT/GRE/ GMAT / IELTS / TOEFL

  4. Education loan for UK options All banks provide education loans for UK to Students who are looking for masters or bachelors programmes. The UK has mostly Universities which range from Oxford, Cambridge etc which are very prestigious Universities to middle tier Universities like Middlesex University, Coventry University etc. The average cost of education in the UK for a Bachelor's degree varies greatly between INR 10 Lakhs to 40 Lakhs.

  5. Education loan for UK options 1. State Bank of India -They have an approved list of Universities where they can fund upto 90% of the Tuition fees. They only provide student loans with collateral property. They provide 1 year of Moratorium where the student can search for a Job. Bank of Baroda - Bank of Baroda as well has the processing fees refundable where in they return back the INR 10,000 which has been given during the application. They look at the co-signer profile and last three years IT returns. 2.

  6. Education loan for UK options 1. Private Banks - Private Banks like ICICI and Axis bank both provide unsecured education loans for UK upto 40 Lakhs for study in the United Kingdom. They provide Unsecured loans for Universities among the top 100. ICICI Bank is very aggressive and provides Unsecured loans to UK Universities. They as well provide complete funding for Secured loans. 1. NBFC -he loan amount ranges between INR 10,00,000 to INR 20,00,000. They look at a strong co signer and provide competitive interest rates for United Kingdom. UKBA does not approve loans from NBFC and they would require to disburse the whole amount

  7. Conclusion Zoom Abroad understands that it is essential for many students to apply for and successfully be granted education loans in order to study in the UK. Proof of financial status is also the first step with the visa application to study in the UK. But the loan would be sanctioned only if you have received the unconditional offer letter from the university and have met all the terms and conditions of the bank. Zoom Abroad student loan advisors will assist you with all the information you will need to apply for and successfully receive an education loan if you do indeed meet the requirements.

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