Education Loan Information for UK Study

Find details on education loan options available for students planning to study in the UK.

Prodigy Finance

Loans for international postgraduate students at top UK universities.

Interest Rate: Varies (typically 7% - 12% APR)

Eligibility: Accepted into a supported program at a supported UK school.

Max Amount: Up to 100% of cost of attendance

MPOWER Financing

Loans for international students studying in the UK.

Interest Rate: Fixed rates, varies

Eligibility: International student at an eligible UK university, credit history not always required.

Max Amount: Up to $100,000 USD (or equivalent)

HSBC UK International Student Loan

Loans for international students studying in the UK. Often requires a UK-based guarantor or specific account conditions.

Interest Rate: Varies by applicant profile and terms.

Eligibility: Admission to an approved UK university, financial standing, potential guarantor requirements.

Max Amount: Varies based on need and course fees.

Barclays UK Student Loan (International)

Student loans for international students to study in the UK. May require a UK guarantor.

Interest Rate: Varies, subject to credit assessment and terms.

Eligibility: Admission to a UK university, visa, and other criteria may apply.

Max Amount: Varies based on course fees and living costs.

Future Finance (UK)

Student loans specifically for students studying in the UK, including international students.

Interest Rate: Varies based on profile (Representative APR can be higher than traditional banks).

Eligibility: Enrolled in an accredited UK university, credit check applies.

Max Amount: £2,500 to £60,000

Lendwise (UK)

Loans for postgraduate and professional courses in the UK for UK and international students.

Interest Rate: Fixed rates, varies (e.g. 7% - 12% APR quoted typically)

Eligibility: Strong academic and professional profiles, accepted to eligible UK courses.

Max Amount: Up to £100,000

UK Government Postgraduate Master's Loan

Government loans for UK and eligible EU/EEA/Swiss students for Master's degrees at UK universities. Eligibility for international students is limited.

Interest Rate: Retail Price Index (RPI) + 3%

Eligibility: UK national or specific EU/EEA/Swiss status, age, course eligibility. Check current international student eligibility.

Max Amount: Up to £12,471 (for 2024/25, check latest figures)

UK Government Postgraduate Doctoral Loan

Government loans for UK and eligible EU/EEA/Swiss students for doctoral degrees at UK universities. Eligibility for international students is limited.

Interest Rate: Retail Price Index (RPI) + 3%

Eligibility: UK national or specific EU/EEA/Swiss status, age, course eligibility. Check current international student eligibility.

Max Amount: Up to £29,390 (for 2024/25, check latest figures)

University Specific Hardship Funds/Loans

Many UK universities offer their own short-term loans or hardship funds for enrolled students facing financial difficulties.

Interest Rate: Often low or interest-free.

Eligibility: Enrolled student at the specific university, demonstrated financial need.

Max Amount: Typically smaller amounts for emergency situations.

Global Study Loans (via local partners)

Facilitates education loans for studying abroad, including the UK, through various financial institutions.

Interest Rate: Varies by lender and country of origin.

Eligibility: Dependent on specific lender criteria; often considers course, university, and applicant profile.

Max Amount: Varies significantly.

Regional/National Government Scholarships and Loans (Home Country)

Students should check for scholarships or loan schemes offered by their own home country's government for studying in the UK.

Interest Rate: Varies widely.

Eligibility: Typically citizen/resident of the specific country.

Max Amount: Varies widely.

General Advice on Education Loans for UK Study

Research Thoroughly: Compare loan terms, interest rates, repayment options, and lender credibility for studying in the UK.

Check Eligibility: Ensure you meet all criteria for the loan, including academic requirements and chosen UK institution.

Understand Repayment: Be clear about the repayment schedule, grace periods, and any potential penalties for early or late payments.

Consider Co-signers/Guarantors: Some loans may require a co-signer or a UK-based guarantor, especially for international students.

Beware of Scams: Only apply for loans through reputable and verified financial institutions or platforms.