Education Loans for UK

There are a few factors, however, that all money lending organizations (banks) consider:

• The student must be an Indian citizen.

• If the loan applicant is under 18, their parents must take out the loan.

• A strong academic background is required of the candidate.

• A recognized international university, institution, or college must have accepted the candidate.

• Because banks prefer courses that will assist people in obtaining employment, the applicant's chosen course must be technical or professional in nature.

Nationality:

• Indian citizens

• Non-Indian Residents (NRIs)

• Overseas Citizens of India (OCI)

• Persons of Indian Origin (PIOs)

• Students born to Indian parents abroad and wish to study in India

Courses:

• Undergraduate programs

• Postgraduate programs

• Doctoral courses and PhDs

• Certificate courses with 6 months or longer duration

• Job-oriented courses

• Technical/diploma/professional courses

Institutes:

• Recognized institutions and government colleges

• Private institutes aided by government

• Professional institutions

• International colleges and universities

Collateral:

• Collateral-free loans up to Rs.7.5 lakh from leading lenders

• Collateral-free loans up to Rs.40 lakh for select courses/institutions from select lenders

Acceptable collateral: Residential or commercial property or plot, fixed deposits, insurance

Loan amount: Up to Rs. 1 crore