Which banks offer loans for UK education?


Many leading banks and financial institutions in India offer education loans for studying in the UK. Pollster Education assists students in identifying and securing the most suitable loan options. Here’s a list of prominent banks and lenders that commonly provide education loans for UK studies:

Major Indian Banks Offering Education Loans for UK:


1. State Bank of India (SBI)
- SBI Global Ed-Vantage Scheme
- Competitive interest rates, higher loan amounts, and flexible repayment options.

2. Bank of Baroda
- Baroda Scholar Loan
- Covers tuition, living expenses, travel, and more.

3. Punjab National Bank (PNB)
- PNB Udaan
- Supports study in top UK universities and covers all major expenses.

4. Canara Bank
- IBA Model Education Loan Scheme
- Covers all major costs including tuition, living, and travel.

5. Axis Bank
- Education Loan for Study Abroad
- Quick processing and flexible collateral options.

6. HDFC Bank
- HDFC Credila
- Specializes in international education loans, including pre-visa disbursement.

7. ICICI Bank
- Education Loan for Overseas Studies
- No margin money up to a certain limit, covers a broad range of expenses.

8. IDFC FIRST Bank
- Education Loan for International Studies
- Competitive rates and easy application process.

9. Bank of India
- Star Education Loan Scheme
- For studies in reputed UK universities.

NBFCs and Private Lenders:


- Avanse Financial Services
- InCred
- Auxilo
- Prodigy Finance (for select UK universities, especially for postgraduate studies)
- Leap Finance

Key Features of Education Loans for UK Studies:


- Loan Amount: Can range from INR 10 lakhs to over INR 1 crore, depending on course and university.
- Coverage: Tuition fees, living expenses, travel, insurance, exam and visa fees.
- Collateral: Both secured (with property as collateral) and unsecured options are available.
- Repayment: Moratorium period (course duration + 6-12 months) followed by flexible repayment tenure.

How Pollster Education Helps:


- Guidance on documentation and eligibility.
- Assistance with loan applications and negotiations.
- Support in coordinating with banks and lenders for timely disbursement.

Would you like a personalized loan comparison or assistance with the loan application process? If yes, please share your course and university preferences, or you can contact us directly at +919324480791 or info@pollstereducation.com for one-on-one guidance.
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