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Worried about how to finance your UK education? You’re not alone. The combination of tuition fees, accommodation, and daily expenses can seem overwhelming — but the right financial partner makes all the difference. Poonawalla Fincorp’s education loan for abroad studies is designed to empower international students. In this article, we’ll dive into the cost to study in the UK for international students in 2026 and discover how Poonawalla Fincorp can help you take that confident step toward your global future.
The cost to study in the UK for international students can be divided into two parts. These parts are the cost of tuition and the cost of living. The cost of living for international students is between GBP 1,100 to GBP 1,600 per month, depending on the city they live in. Apart from this, the cost of tuition on Masters and Bachelors is as follows:
| Level of Study | Annual Tuition Fee Range |
|---|---|
| Masters | GBP 5,450 to GBP 65,900 |
| Bachelors | GBP 9,535 to GBP 55,050 |
These costs give students an estimate of the overall costs they may incur during their studies in the UK based on their level of education. Poonawalla Fincorp offers students loans to pursue their studies in the UK. Let’s look at the student loans for UK aspirants in the upcoming section.
Taking an education loan is a big and important step for students planning to study abroad. So, it is important for them to choose the right partner to finance their abroad education dreams. Poonawalla Fincorp is a reliable partner that offers secured and unsecured loans to students with features like:
| Key Features | Details |
|---|---|
| Income Criteria | The loan amount is sanctioned as per the income criteria of the sponsor and the academic profile of the student. |
| Loan Amount | The institution offers secured loans up to INR 3 Cr. Students can get loans up to 130% of their property value. It also offers unsecured loans up to INR 1Cr. |
| Interest Rate | The rate of interest for secured loans is in the range of 10% to 11%. For unsecured loans Poonawalla Fincorp offers a rate of interest ranging from 10.75% to 13.5%. |
| Funding Margin | There is no margin on the loans offered by Poonawalla Fincorp. |
| Study Level & Courses | It offers secured loans for all study levels. Unsecured loans are offered for Masters and Postgraduate courses only. |
| Moratorium Period | The moratorium period for the loans offered by Poonawalla Fincorp is up to a year after course completion. |
| Repayment Tenure | The loan repayment tenure for students is 15 years. |
| Sponsors | Students are allowed to have parents, grandparents and other immediate family members as sponsors for the loan. |
| Turnaround Time | The turnaround time for loan approval is 7 to 10 working days. |
| Simple Interest | Students have the option to pay simple interest or partial simple interest for all courses. Those with a secured loan for UG or Bachelors courses also have a Direct EMI option. |
Understanding the features of the loan aids a student’s decision to take a loan. However, it is also important for them to know how they can apply for it. Let’s see the process in the upcoming section.
Applying for an abroad education loan is a complex process that can be simplified based on various stages. Given below is a 4-step process for students to apply for their student loans for the UK. Step 1: Students should start by looking for loans offered by banks and financial institutions for studies abroad. Step 2: They can then compare the features of the loan, eligibility and other factors to narrow down on a particular institution. Step 3: Students should then gather the documents to apply for the loan. Step 4: Once they have the documents and they fit the eligibility criteria, they can fill out the loan application form to apply for the loan.
This brings us to the end of the article. Students who want to know more about the loan scheme offered by banks and other financial institutions should reach out to global education loan experts near them. These professionals have years of knowledge that can help students make the right decisions. They can also offer information on Govt education loan schemes for students. With the right guidance from these experts students can choose the best deal for financing their abroad education dream.