Education Loan to Study Engineering in the UK
*T&C Apply. Subject to restrictions under the Income Tax Act,
1961 and Budget 2025.
*T&C Apply. Subject to restrictions under the Income Tax Act,
1961 and Budget 2025.
Choosing to study Engineering in the UK means stepping into a world of innovation, research excellence, and globally recognised qualifications. From shaping the future of AI and aerospace to advancing sustainable energy and smart infrastructure, UK universities offer hands-on learning guided by industry experts. Beyond academics, students benefit from strong industry connections and practical exposure. While the cost of studying in the UK may vary based on city, university, and lifestyle, students can manage expenses through an education loan for overseas studies, making it a valuable long-term investment in your global career future.
Why Pursue an Engineering Degree in the UK?
- Reputation: The UK has a rich engineering legacy and is home to several ranked global universities for engineering and technology, offering globally recognised degrees.
- High-Quality Research: UK engineering research is known worldwide for innovation, technical impact, and practical real-world application.
- Wide Range of Specialisations: Students can specialise in trending fields such as AI, Robotics, Renewable Energy, Civil Infrastructure, Aeronautics, and more.
- Industry-informed Teaching: Courses are taught by experienced academics and industry professionals focused on developing strong technical and analytical skills.
- Strong Industry Links: Universities collaborate with leading global companies, offering internships, industry projects, and networking opportunities.
- Shorter Course Duration: Many postgraduate engineering programmes can be completed in just one year, allowing faster entry into the workforce.
- Professional Accreditation: Most engineering programmes are accredited by recognised engineering bodies, ensuring high academic and professional standards.
List of Engineering Courses for Indian Students in the UK
| Engineering Field | What You’ll Study / Learn | Popular Specialisations / Career Areas |
|---|---|---|
| Civil Engineering | Structural design, geotechnics, mechanics, hydraulics, and modelling software. | Construction Management, Urban Planning, Environmental Engineering. |
| Electrical Engineering | Electricity, electronics, telecommunications, signal processing, and power systems. | Robotics, Renewable Energy, Smart Grid Systems, Automation. |
| Mechanical Engineering | Design, manufacturing, operation, and maintenance of mechanical systems. | Automotive Engineering, Mechatronics, Robotics, Production Engineering. |
| Computer Engineering | Hardware and software system development and integration. | Cyber Security, Artificial Intelligence, Cloud Computing, Ethical Hacking. |
| Other Specialised Fields | Advanced and niche engineering technology applications. | Aerospace, Petroleum, Marine, Railway, Fire & Safety Engineering. |
Source: https://www.idp.com/india/study-in-uk/engineering/
List of Universities for Engineering in the UK
| University | Avg. Tuition Fee (GBP) | Avg. Tuition Fee (INR) | Engineering Course |
|---|---|---|---|
| University of Oxford (Oxford) | £34,700 | ₹43,77,405 | M.Sc Engineering Science |
| University of Cambridge (Cambridge) | £64,169 | ₹80,94,922 | M.Phil Industrial Systems & Manufacturing |
| Imperial College London (London) | £43,300 | ₹54,62,295 | M.Eng Electrical & Electronic |
| University of Manchester (Manchester) | £38,400 | ₹48,44,160 | M.Sc Aerospace Engineering |
| University College London (UCL) (London) | £42,700 | ₹53,86,605 | M.Sc Artificial Intelligence |
| University of Edinburgh (Edinburgh) | £36,800 | ₹46,42,320 | M.Eng Chemical Engineering |
| University of Sheffield (Sheffield) | £32,905 | ₹41,51,961 | M.Sc Advanced Mechanical Engineering |
| University of Southampton (Southampton) | £32,800 | ₹41,38,920 | M.Sc Civil Engineering |
| University of Nottingham (Nottingham) | £30,750 | ₹38,79,113 | M.Sc Mechanical Engineering |
| University of Birmingham (Birmingham) | £32,580 | ₹41,09,967 | M.Sc Advanced Chemical Engineering |
Disclaimer: All GBP to INR conversions are based on currency rates as of April 2026. Exchange rates vary over time, so check the latest rates before making any financial decisions.
Source: https://collegedunia.com/uk/engineering-universities
Cost of Studying an Engineering Programme in the UK
| Expense Category | Cost (GBP) | Cost (INR) |
|---|---|---|
| Total Monthly Living Cost | £900 – £1,400 | ₹98,100 – ₹1,52,600 |
| Accommodation (1 BHK) | £610 – £740 | ₹66,490 – ₹80,660 |
| Utilities | £90 – £160 | ₹9,810 – ₹17,440 |
| Groceries | £150 – £250 | ₹16,350 – ₹27,250 |
| Transportation (Bus One-way) | £1.50 – £2.50 | ₹164 – ₹273 |
Disclaimer: All EUR to INR conversions are based on currency rates as of April 2026. Exchange rates vary over time, so check the latest rates before making any financial decisions.
Source: https://study-uk.britishcouncil.org/moving-uk/cost-studying
Types of Education Loans for Engineering Students Abroad
Broadly, there are two main types of education loans:
- Secured Education Loan: A secured education loan is backed by collateral, such as residential property, fixed deposits, or insurance policies. This collateral will serve as a guarantee for the lender in case the borrower defaults.
- Unsecured Education Loan: An unsecured education loan is a type of student loan that does not require any collateral or security. Approval is based on the borrower’s financial profile.
Eligibility Criteria for an Education Loan in the UK
To qualify for a student loan in the UK, here are the eligibility criteria:
- Applicant Age: 16 years or above
- Co-Applicant: Generally required can be a parent, spouse, or guardian
- Eligible Students: Those enrolling in bachelor’s or master’s programmes
- Approved Courses: Academic or professional programmes (MBA, MS, MBBS, etc.)
- Recognised Institutions: Universities and colleges accredited in the UK
Documents Required for an Education Loan for Engineering Overseas
To apply for an education loan, here’s a checklist of documents you’ll need. Requirements vary slightly based on your co-applicant’s income type.
| Document Type | Details |
|---|---|
| A. Application Form | Completed original or digital loan application form |
| B. KYC Documents | PAN Card or Form 60 (mandatory if PAN is mentioned) ONE valid ID & address proof: Passport / Driving License / Voter ID / Aadhaar / NREGA Job Card / NPR Letter |
| C. Student Education Documents | 12th Marksheet (not needed for UG applicants in 12th or Exec PG) Latest semester/year marksheet or transcript Admission proof (Admission Letter / I-20) – waived for Sampoorna |
| D. Co-Applicant Financials | |
| → Salaried | Last 6 months salary account bank statements 1 recent salary slip/certificate |
| → Self-Employed (Non-Proprietor) | Last 6 months Current & Savings A/c bank statements Last 2 years ITRs (online acceptable) 44AD: income statement only Tax audit: CA attestation required Optional: Qualification proof, GST/Shop Act/Aadhaar Udyog |
| → Proprietor | Last 6 months Current & Savings A/c bank statements Last 2 years ITRs 44AD: income statement only Tax audit: CA-audited financials (P&L, BS, Computation, Schedules) |
| → No Income | Last 6 months Savings A/c bank statements |
| → Pensioner | Last 6 months Savings A/c with pension credits OR Pension Order |
| E. Collateral Documents (if applicable) | Latest sale deed Property tax receipt Approved building plan or Occupation Certificate |
Interest Rates on Education Loans for Studying Engineering Abroad
Get the funds you need for your education abroad with competitive interest rates and zero prepayment or foreclosure charges!
| Feature | Details |
|---|---|
| Interest Rate (Floating) | 9.95%* p.a. onwards |
| Origination Fee | 1.25%* + GST |
| Prepayment & Foreclosure Charges | None |
How to Apply for an Education Loan to Study Engineering Abroad
Follow this 3-step process
A simple and transparent journey.
1- Apply Online
Fill out the application form and upload documents.
2- Application Review
Get your sanction letter after our credit appraisal.
3- Funds Disbursed
You are all set to get started.
Expenses Covered Under Student Loan for Engineering Abroad
When you take an education loan for studying Engineering overseas, the following expenses are typically covered:
- Tuition fees and academic charges
- Hostel or on-campus accommodation
- Cost of living (food, transport, utilities, etc.)
- Books, lab supplies, and other learning materials
- Laptop or computer (if required for coursework)
- Examination and library fees
- Other education-related expenses as approved by the Credila
Repayment Options for Overseas Engineering Loan
Repayment for Engineering education loans is designed to be student-friendly and flexible:
- EMI-Based Repayment: Start paying in EMIs after the moratorium ends.
- Part-Payment Option: Make partial payments during the course to reduce the total interest.
- Flexible Tenure: Repayment tenure of up to 15 years based on your profile.
- No Prepayment Penalty: You can repay early without any additional charges.
Why Avail Credila’s Education Loan for Study Engineering Abroad ?
Save time. Go online.
Customer-centric processes with just 3 steps to disbursement.
We cover it all
Up to 100% financing of tuition and living expenses.
Start early. Apply before admission.
Benefit from seamless loan sanctions.
Friendly rates. All the way.
Student loans with customised interest rates.
Dream big. Achieve bigger.
Exploring funding for larger education costs? Not a problem.
Pan-India network of branches
Enjoy multi-city co-borrower(s) and collateral flexibility.
The benefit of tax saving
Added tax deductions# that bring down your cost of financing
Flexible payment plans
Repayment tenure of up to 15 years.
No hidden charges
What you see is what you pay.
*Section 80E exemption is subject to the old tax regime as per the Income Tax Act, 1961
#Under the old tax regime. Please consult your Chartered Accountant or Tax Advisor for information specific to you.
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