Education Loan to Study MBA 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.
Pursuing your MBA in the UK shouldn’t be stressful because of funds. With education loans for international students, you can focus on learning while covering tuition, living costs, and even those extra study expenses like books or travel. Education loans for abroad are designed to ease your financial burden, offering flexible repayment plans and competitive interest rates. Instead of worrying about expenses, you can dedicate your energy to gaining quality education, expanding your network, and building a successful global career.
Why Pursue an MBA in the UK?
Choosing to pursue an MBA in the UK offers strong career advantages grounded in government-backed outcomes. As of 2024, the employment rate for working-age postgraduates in England stood at 90%, outperforming graduates (87.6%) and non-graduates (68%). Notably, 79% of postgraduates secured roles in high-skilled employment, compared to 67.9% of graduates and just 23.7% of non-graduates. Furthermore, the share of UK adults aged 25–64 holding a postgraduate qualification rose from 9% in 2014 to 15% in 2022, reflecting growing recognition of the value of advanced education.
Business Schools Offering MBA Programmes in the UK
The following business schools are recognised for their MBA programmes:
| Sr. No. | University | Highlights & Notes |
|---|---|---|
| 1 | University of Oxford | Renowned for academic excellence in humanities and sciences; home to the prestigious Saïd Business School, established in 1996, with strong research and MBA programmes. |
| 2 | London Business School (University of London) | Elite postgraduate business school founded in 1964; triple-accredited (AACSB, EQUIS, AMBA); global alumni network and high-impact MBA and finance programmes. |
| 3 | University of Cambridge | Globally acclaimed research university; Judge Business School is prominent for MBA, entrepreneurship, and innovation-focused master’s programmes. |
| 4 | Imperial College London | Leading in science, engineering, and business; Imperial Business School is highly regarded for innovation and entrepreneurship. |
| 5 | University of Warwick | Founded in 1965; youngest member of the Russell Group; strong in interdisciplinary research, industry partnerships, and global challenges. |
| 6 | University of Manchester | Largest single-site university in the UK; part of the Russell Group; acclaimed for research, global impact, and innovation initiatives like Unit M. |
| 7 | London School of Economics (LSE) | A social sciences powerhouse, named Sunday Times University of the Year 2025; strong in economics, student satisfaction, and graduate outcomes. |
| 8 | University of Edinburgh | Historic university with comprehensive research and teaching strengths; known for business and broader academic offerings. |
| 9 | University of Bath | Known for applied research and management studies; its business school regularly appears in European rankings. |
| 10 | Cranfield School of Management | A recognised postgraduate management school; consistently ranked among the UK’s leading business schools; strong MBA and supply chain focus. |
| 11 | Alliance Manchester Business School | Part of the University of Manchester; well-established business school known for MBA and economics programmes. |
| 12 | Durham University Business School | One of the UK's oldest business schools, founded in the 1960s; triple-accredited and offers a broad range of business education programmes. |
| 13 | University of Strathclyde (Strathclyde Business School) | Scottish business school with a long-standing reputation, noted for research and MBA programmes. |
| 14 | Lancaster University Management School | Distinguished for high-quality management programmes; featured in FT European business school rankings. |
| 15 | University of Glasgow | A historic Scottish university with strong business and management disciplines. |
Source: https://www.idp.com/uae/study-in-uk/mba/
Note: The above information about the respective universities has been sourced from their official websites and Wikipedia as of September 2025.
Cost of Studying an MBA in the UK
The cost of studying an MBA in the UK depends on the university and programme type.
| Type of MBA Programme | Average Annual Fees (GBP) | Approx. Fees (INR) |
|---|---|---|
| General 1-Year MBA | £15,000 – £20,000 | ₹1,770,000 – ₹2,360,000 (≈ ₹17.7–₹23.6 lakh) |
| Premium Institutions (e.g., Oxford, Cambridge) | Up to £64,000 | Up to ₹7,552,000 (≈ ₹75.5 lakh) |
Note: Conversion based on ~₹118/£1 on 4 September 2025; actual amounts vary with the live rate.
Additional costs may include accommodation, living expenses, travel, and study materials.
Career Opportunities After an MBA in the UK
An MBA degree from the UK can open opportunities across multiple industries. Graduates often pursue roles such as:
| Job Role | Key Responsibilities / Focus Area | Average Salary Range (GBP) |
|---|---|---|
| Business Consultant | Guides businesses on strategy and operations. | £47,500 – £175,500 |
| Marketing Manager | Plans and executes marketing campaigns. | £33,800 – £120,000 |
| Finance Analyst | Analyses financial data and trends. | £23,100 – £65,000 |
| Human Resources Manager | Manages hiring, training, and employee relations. | £29,500 – £90,000 |
| International Business Manager | Oversees global trade and expansion. | £23,146 – £101,969 |
| Operations Manager | Optimises daily operations and processes. | £31,206 – £94,450 |
| Health Service Administrator | Manages healthcare services and compliance. | £10,000 – £70,000 |
These roles are available in various industries, including consulting, finance, healthcare, technology, and international trade.
Sources :
https://www.reed.co.uk/average-salary/average-business-consultant-salary-in-london https://uk.jobted.com/salary/marketing-manager https://www.itjobswatch.co.uk/jobs/uk/financial%20analyst.do https://www.teg.london/job-profiles/human-resources-manager/ https://uk.jooble.org/salary/international-business-manager https://www.itjobswatch.co.uk/jobs/uk/operations%20manager.do https://uk.indeed.com/career/health-services-administrator/salaries
Types of Education Loans for MBA 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 MBA Oversees
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) |
| 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 MBA 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 MBA 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 MBA Abroad
When you take an education loan for studying MBA 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 MBA Loan for Student
Repayment for MBA education loans is designed to be student-friendly and flexible:
- EMI-Based Repayment: Start paying 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 MBA 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.
*This is subject to restrictions imposed under the Income Tax Act, 1961 and Budget 2025.
#Under the old tax regime. Please consult your Chartered Accountant or Tax Advisor for information specific to you.
No claims, guarantees, representations, or warranties, whether express or implied, are made by Credila with respect to any communication, reliability, merchantability, quality, fitness, durability, performance and usefulness of any of the products/service and/ or information mentioned therein. Furthermore, Credila accepts no liability whatsoever for the safety, reliability, durability and performance of any of the products/ service and/ or information mentioned therein. For detailed terms and conditions you can visit Credila's official website - www.credila.com.
