Financial Support for Indian Students

How to fund studying in the UK

Once you have decided to study in the UK, you naturally focus on arranging enough funds to pay your tuition fee and living expenses to support yourself there. For many Indian 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.

The main aim of financial aid is to ensure that worthy Indian students accomplish their future endeavours and fulfil their dreams and goals.

What is the difference between private and public funding?

Universities or government programmes offer public funding, while independent lenders and large corporations, such as banks, often provide private funding. Examples of such companies can be found further below.

Scholarships for Indian Students

Each year, governments, universities and private organisations make a limited number of scholarships available to students who wish to study in the UK. 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.

SI-UK helps undergraduate and postgraduate Indian students interested in studying in the UK secure scholarships and bursaries. 

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.

The loan would be sanctioned only if you have received the unconditional offer letter from the university and have met all the terms and conditions of the bank. As banks take some time to sanction the loan, it is advisable to start applying for the loan immediately after receiving the conditional letter.

SI-UK student loan advisors will assist you with all the information you need to apply for and successfully receive an education loan if you meet the requirements.

Education Loans: The Facts

• Available to any person aged between 18 and 35 years.
• There will be marginal money involved depending on the loan amount required by the student for foreign study.
• Education loans can be repaid in monthly instalments as per bank norms.
• A co-signer must be selected for education loans for full-time courses. Co-signers can be the student’s siblings, spouse, parents or other family members.
• Short-term courses, such as English language programs, are not usually covered under educational loan.
• 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.
• Not all banks can be approached for an educational loan. Only banks listed per the UKVI-approved bank list are accepted for university acceptance and a student visa. The list included both nationalised and private banks.

Education Loan Providers in India

Apply for Funding

Do you want to take the next step and apply for student funding? Arrange a free consultation at your nearest SI-UK India office today so we can discuss all the options ahead of your stay in the UK.