Financial Support for Indian Students

How to fund studying in the UK as an Indian student

Once you have decided to study in the UK, your focus naturally turns to how you will support yourself while there. For many students, securing financial aid is critical to whether they can afford to study at a UK university.

To make funding as easy to understand as possible, we have collated a list of financial aid, scholarship, and bursary providers, both public and private, who can help Indian students study in the UK. Additionally, our international application advisors can assist Indian students in finding the right financial package to achieve their dream of gaining a UK degree.

What is the difference between private and public funding?

Universities or government programmes offer public funding, while independent lender programmes and large corporations, such as banks, often provide private funding. Below are examples of such companies.

Scholarships for Indian Students

Governments, universities, and private organisations offer a limited number of scholarships to students who wish to study in the UK each year.

Because of the limited number available, competition can be fierce. Some scholarships are for students who cannot afford to study in the UK, and some are for academic excellence, but all will enable you to worry less about how to cover the expense of studying in the UK.

Popular Scholarship Programmes for Indian Students

Education Loans for Indian Students

Indian banks offer various loans with flexible repayment options, allowing you to plan for the future accordingly. Repayments do not usually commence until six months after your course is completed or when you find employment, and loans can cover the expense of tuition, travel, accommodation or other costs related to your course of study.

Education Loans: The Facts

• Available to any person aged between 18 and 35 years.
• Borrowers must bring in a margin of 5% to 15% for loans taken for foreign study.
• Education loans can be repaid monthly through ECS or post-dated cheques sent to the bank.
• A co-signer must be selected for education loans for full-time courses. Co-signers can include siblings, spouses, parents, or other family members.
• Short-term courses, such as English language programmes, are not usually covered.
• No security must be submitted for education loans up to Rs. 4 lakhs. A third-party guarantee has to be furnished for loans between Rs. 4 lakhs and Rs. 7.5 lakhs and tangible collateral security is required for loans above Rs. 7.5 lakhs.
• The Central Government has also introduced an interest rate subsidy scheme for repayments made during the moratorium period to benefit the weaker sections of society.

Education Loan Providers in India

Apply for Funding

Do you want to apply for student funding? Arrange a free consultation today so we can discuss all the options ahead of your stay in the UK.