Financial Support for Indian Students
How to fund studying in the UK
Once you’ve made the decision to study in the UK, your attention naturally shifts to finding the money to cover your tuition and living costs while you’re there. Obtaining financial aid is a key factor in determining whether many Indian students will be able to afford to attend a UK university.
We have compiled a list of public and private financial aid, scholarship, and bursary providers who can assist Indian students in studying in the UK in an effort to make funding as simple to understand as possible. Additionally, our advisors for international applications can help Indian students find the best financial package to fulfil their goal of earning a degree from the UK.
Indian students succeed in their future endeavors and realize their personal aspirations.
What is the difference between private and public funding?
Universities or government programmes provide public funding, whereas independent lender programmes and major corporations, like banks, frequently offer private funding. Below are some examples of these businesses.
Scholarships for Indian Students
A small number of scholarships are available each year from governments, colleges, and private organizations to students who want to study in the UK. Competition may be ferocious due to the limited number of available spots. You won’t have to worry as much about how to pay for your studies in the UK thanks to scholarships, which range from those for academic excellence to those for students who cannot afford to study in the UK.
Indian undergraduate and graduate students who want to study in the UK can get assistance from SI-UK in finding scholarships and bursaries.
Popular Scholarship Programmes for Indian Students
- British Council
- Chevening UK Government Scholarships
- Tata Scholarship
- Fulbright-Nehru Master’s Fellowships
- Fullbright Fellowships
- Erasmus Scholarships
- Royal Society Grants
- Hubert-Humphrey Scholarships
- The Mahatma Gandhi Scholarship Programme
- Commonwealth Academic Fellowships
- Commonwealth Split-site Doctoral Scholarship
Education Loans for Indian Students
Indian banks provide a range of loans with flexible repayment options, enabling you to make appropriate future plans. Loans can help you pay for tuition, travel, lodging, and other costs associated with your course of study. Repayments typically don’t start until six months after the completion of your course, or when you find employment.
Only if you have received an unconditional offer letter from the university and have complied with all of the bank’s requirements will the loan be approved. It is advised to begin the loan application process as soon as you receive the conditional letter because banks take some time to sanction the loan. If you do meet the requirements, BCES student loan advisors will provide you with all the information you need to apply for and successfully receive an education loan.
Facts about education loans for borrowers between the ages of 18 and 35.
There will be a small financial outlay depending on the student’s loan requirement for studying abroad.
According to bank policies, student loan repayment can be done in monthly installments.
For educational loans taken out for full-time courses, a co-signer must be chosen. Siblings, a spouse, parents, or other family members may co-sign on a student’s behalf.
Short-term courses, like English language programmes, are typically not covered by student loan programmes.
For education loans up to Rs. 4 lakhs, no security is required. For loans between Rs. 4 lakh and Rs. 7.5 lakhs, a third-party guarantee must be provided, and for loans over Rs. 7.5 lakhs, tangible collateral security is required.
Education Loan Providers in India
● Allahabad Bank
● Axis Bank
● Bank of Baroda
● Bank of India
● Central Bank of India
● HDFC Bank
● ICICI Bank
● Punjab National Bank
● State Bank of India
● Syndicate Bank