Looking for scholarships in UK

Question

Hi,
 
After receiving admits from universities in UK for MSc in International Business, my next task is to finance my education abroad. I have received admits from University of Newcastle, Exeter, and Loughborough. But since I applied towards the end of the admission cycle, I have little chance of getting a scholarship to reduce my tuition costs.
 
If you have any suggestions for me in the situation, I would like to hear from you. Your suggestions can help me greatly in my next step in career.
 
Thank you.

GyanDhan_Finance · Answer

Hey there  chillbrorelax ,

Now, you have two options that can help you finance your education in the UK. Option number one is  scholarships to study in the UK  and the other one is to take an  education loan to study in UK .

Scholarships to study in the UK 
 1.  Chevening Scholarship  - this is a merit-based scholarship offered by the government of the UK. The amount granted under this scholarship is 18,000 GBP.
2.  Amber Scholar  - this is a merit/need based scholarship that grants you an amount of 10,000 GBP. 
3.  Commonwealth Scholarships and Fellowships  - it is a merit-based scholarship being offered by British Council. This is given to doctoral and graduate level programs. The amount granted is about 35,000 GBP.  
Now, coming to the next option that is more feasible in your case i.e. getting an education loan for UK. The different lender for abroad education loans to study in the UK are - 
    Lender name    Maximum loan amount    Rate of interest    Margin money   
   SBI  
 Up to 1.5 Cr INR 
 10.65% (for girls) 11.50%(for boys) 
 10%  
   UBI  
 Up to 1.5 Cr INR 
 10.5% - 10.85% 
 10% (listed university) 15% (non-listed university)  
   Axis Bank  
 Up to 50 Lakhs INR 
 11% - 13.50% 
 5%  
   ICICI Bank  
 Up to 50 Lakhs INR 
 10.85% - 12.50% 
 0 - 15%  
   IDFC FIRST Bank  
 Up to 35 Lakhs INR  
 11.75% - 13.25%  
 Nil  
   HDFC Credila  
 Up to 40 Lakhs INR  
 12% - 13%  
 Nil  
   Auxilo  
 Up to 40 Lakhs INR  
 12.50% - 13.50%  
 Nil  
   InCred  
 Up to 40 Lakhs INR  
 12.50% - 13.50%  
 Nil  
   Avanse   Up to 40 Lakhs INR   12.50% - 13.50%   Nil  
   Prodigy Finance   Up to 100% of cost   12% - 14%   Nil   
GyanDhan can streamline your education loan process, you can take advantage of our free assistance in securing education loans for studying in the UK. Our experienced education loan counselor will evaluate your academic and financial profile and discuss the suitable loan options available to you. We have partnered with multiple lenders in the market, including government banks, private banks, and NBFCs. Don't wait any longer,  check your loan eligibility now!

Looking for scholarships in UK

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Lender name	Maximum loan amount	Rate of interest	Margin money
SBI	Up to 1.5 Cr INR	10.65% (for girls) 11.50%(for boys)	10%
UBI	Up to 1.5 Cr INR	10.5% - 10.85%	10% (listed university) 15% (non-listed university)
Axis Bank	Up to 50 Lakhs INR	11% - 13.50%	5%
ICICI Bank	Up to 50 Lakhs INR	10.85% - 12.50%	0 - 15%
IDFC FIRST Bank	Up to 35 Lakhs INR	11.75% - 13.25%	Nil
HDFC Credila	Up to 40 Lakhs INR	12% - 13%	Nil
Auxilo	Up to 40 Lakhs INR	12.50% - 13.50%	Nil
InCred	Up to 40 Lakhs INR	12.50% - 13.50%	Nil
Avanse	Up to 40 Lakhs INR	12.50% - 13.50%	Nil
Prodigy Finance	Up to 100% of cost	12% - 14%	Nil