Education Loan to Study MS in the UK
Flexible Repayment Options
Up to 100% Finance
Tax Benefits Under Section 129*
0% TCS** on Remittances AbroadFlexible Repayment Options*T&C Apply. Deduction under Section 129 of the Income Tax Act, 2025 (erstwhile Section 80E of the Income Tax Act, 1961) is available only under the old tax regime and shall not be applicable if the taxpayer opts for the new tax regime. Customers are advised to consult their tax advisors for applicability.
T&C Apply. Deduction under Section 129 of the Income Tax Act, 2025 (erstwhile Section 80E of the Income Tax Act, 1961) is available only under the old tax regime and shall not be applicable if the taxpayer opts for the new tax regime. Customers are advised to consult their tax advisors for applicability.
Why wait longer to shape your career when the UK offers a faster route? Pursuing an MS here means graduating sooner, earning sooner, and connecting with a powerful global network. The UK is home to some of the world’s oldest and most prestigious universities, like Oxford, Cambridge, and Imperial College London, offering quality research and industry-focused learning. Many students choose an Education Loan Abroad to make this opportunity affordable, helping cover tuition fees and living expenses while focusing on academic and career growth.
Why Pursue an MS in the UK?
Choosing to study for a Master of Science (MS) in the UK offers more than just academic prestige; it paves a path to stronger career outcomes and global recognition. According to official UK government data for 2024, 90% of postgraduates were employed, outperforming graduates (87.6%) and non-graduates (68%). Moreover, 79% of postgraduates secured high-skilled employment; significantly higher than graduates at 67.9% and non-graduates at just 23.7%. These figures reflect the UK’s robust postgraduate labour market and the premium employers place on advanced qualifications.
List of MS Universities in the UK
| Sr. No. | University Name | Highlights & Notes |
|---|---|---|
| 1 | University of Edinburgh | Renowned for research-intensive MS programmes across sciences, engineering, and humanities; strong global network. |
| 2 | University of Manchester | Known for innovation and interdisciplinary research; offers extensive STEM-focused MS specialisations. |
| 3 | King’s College London | Strong emphasis on health sciences, data science, and international collaborations in MS studies. |
| 4 | University of Warwick | Recognised for business analytics, engineering, and data-driven MS programmes with strong industry ties. |
| 5 | University of Glasgow | Offers cutting-edge MS programmes in life sciences, computing, and renewable energy. |
| 6 | University of Leeds | Focuses on engineering, environmental sciences, and healthcare-related MS specialisations. |
| 7 | University of Nottingham | Known for research excellence in pharmacy, medical sciences, and sustainable technologies. |
| 8 | University of Birmingham | Offers diverse MS programmes with strong links to industries in technology and business. |
| 9 | Durham University | Known for its research-driven MS programmes in data science, management, and engineering. |
| 10 | University of Exeter | Recognised for MS programmes in environmental sciences, data analytics, and renewable energy. |
Know How to Fund
Your MS in UK
Cost of Studying MS in the UK
| Category | Tuition Fees (GBP) | Approx. Cost (INR) |
|---|---|---|
| MA (Arts & Social Sciences) | £9,000 – £14,000 | ₹11,45,520 – ₹17,81,920 |
| MSc (Science & Engineering) | £9,500 – £22,000 | ₹12,09,160 – ₹28,00,160 |
| MRes / MPhil | £12,000 – £33,000 | ₹15,27,360 – ₹42,00,240 |
| MBA | £9,500 – £34,000+ | ₹12,09,160 – ₹43,27,520+ |
Source: https://www.upgrad.com/study-abroad/articles/cost-of-masters-in-the-uk-for-international-students/
Disclaimer: All GBP to INR conversions are based on an exchange rate of 1 GBP = ₹127.28 as of July 2026. Exchange rates fluctuate over time, so please check the latest rates before making any financial decisions.
Types of Education Loans for MS Students Abroad
Broadly, there are two main types of education loans:
- Secured Education Loan: A secured education loan is backed by collateral, such as a residential property, commercial property, NA plots, 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 MS 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) |
| 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 MS 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 MS in UK
Follow this 3-step process
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 MS Abroad
When you take an education loan for studying MS 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 MS Loan for Students
Repayment for MS 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 a Credila Education Loan for Masters 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.
Disclaimer: Deduction under Section 129 of the Income Tax Act, 2025 (erstwhile Section 80E of the Income Tax Act, 1961) is available only under the old tax regime and shall not be applicable if the taxpayer opts for the new tax regime. Customers are advised to consult their tax advisors for applicability.
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