9 Best Postgraduate Loan for International Students in UK: (Best Options)

Pursuing a postgraduate degree in the UK can open doors to career opportunities, but the financial aspect can be daunting, especially for international students.

Tuition fees, accommodation, and living expenses can add up, making it important to find a reliable loan to finance your education.

In this article, we will discuss the 9 best postgraduate loan for international students in the UK, highlighting loan providers, amounts, interest rates, terms, and eligibility requirements.

Best Postgraduate Loan for International Students in the UK

Loan Provider	Loan Amount	Co-signer Requirement	Interest Rates	Loan Terms	Eligibility Requirements
Prodigy Finance	Up to £100,000	No	7.99% – 13.99%	5 – 15 years	Postgraduate students from eligible countries
Future Finance	£2,000 – £40,000	No	4.9% – 12%	5 – 10 years	International students at UK universities
MPOWER Financing	$2,001 – $50,000	No	9.99% – 13.99%	10 years	Students from select countries enrolled in UK institutions
Lendwise	Up to £40,000	No	6.0% – 8.0%	5 – 10 years	Postgraduate students in UK universities
Bank of Ireland International Loan	Up to £25,000	Yes	6.0% – 9.0%	5 – 10 years	UK-based co-signer required
College Ave Student Loans	$5,000 – $80,000	No	5.99% – 12.99%	5 – 15 years	Enrolled in eligible UK institutions
Barclays International Loan	Up to £35,000	Yes	6.1% – 7.5%	5 – 10 years	UK co-signer required for international students
Student Loan Centre	£1,000 – £30,000	Yes	5% – 9.0%	5 – 10 years	Co-signer required, postgraduate students only
TFS Loans	£5,000 – £50,000	No	4.5% – 8.5%	5 – 12 years	Students with UK study offers

1. Prodigy Finance

• Loan Amount: Up to £100,000
• Interest Rates: 7.99% – 13.99%
• Loan Terms: 5 – 15 years

Prodigy Finance offers one of the largest loan amounts for international postgraduate students, up to £100,000.

Interest rates range from 7.99% to 13.99%, depending on the applicant’s country of origin and course.

Loan terms can extend up to 15 years, and no co-signer is required.

This makes it a highly attractive option for students without access to a UK co-signer.

2. Future Finance

• Loan Amount: £2,000 – £40,000
• Interest Rates: 4.9% – 12%
• Loan Terms: 5 – 10 years

Future Finance offers loans of £2,000 to £40,000, which can cover tuition fees and living expenses.

With interest rates between 4.9% and 12%, it’s an affordable option for international students.

Loan terms are flexible, ranging from 5 to 10 years.

Future Finance does not require a co-signer, making it an accessible option for those who do not have a UK-based guarantor.

3. MPOWER Financing

• Loan Amount: $2,001 – $50,000
• Interest Rates: 9.99% – 13.99%
• Loan Terms: 10 years

MPOWER Financing is ideal for international students who need funding for postgraduate study in the UK.

The loan amount ranges from $2,001 to $50,000, and interest rates range from 9.99% to 13.99%.

With a fixed term of 10 years, MPOWER does not require a co-signer, making it one of the easiest loans to access for international students.

4. Lendwise

• Loan Amount: Up to £40,000
• Interest Rates: 6.0% – 8.0%
• Loan Terms: 5 – 10 years

Lendwise offers loans of up to £40,000 with competitive interest rates ranging from 6.0% to 8.0%. Loan terms can range from 5 to 10 years, and no co-signer is required.

This makes Lendwise a viable option for postgraduate students looking for lower interest rates.

5. Bank of Ireland International Loan

• Loan Amount: Up to £25,000
• Interest Rates: 6.0% – 9.0%
• Loan Terms: 5 – 10 years

The Bank of Ireland offers international students loans up to £25,000.

The interest rates range from 6.0% to 9.0%, with repayment terms available from 5 to 10 years.

However, a UK-based co-signer is required, which may be a drawback for some students.

6. College Ave Student Loans

• Loan Amount: $5,000 – $80,000
• Interest Rates: 5.99% – 12.99%
• Loan Terms: 5 – 15 years

College Ave offers flexible loans for international students studying in the UK, with amounts ranging from $5,000 to $80,000.

Interest rates range from 5.99% to 12.99%, and the repayment term can vary from 5 to 15 years.

College Ave does not require a co-signer, making it a great choice for students who are self-funded.

7. Barclays International Loan

• Loan Amount: Up to £35,000
• Interest Rates: 6.1% – 7.5%
• Loan Terms: 5 – 10 years

Barclays offers loans for international students up to £35,000, with interest rates between 6.1% and 7.5%.

The repayment term is generally between 5 to 10 years, but a UK co-signer is required for this loan.

8. Student Loan Centre

• Loan Amount: £1,000 – £30,000
• Interest Rates: 5% – 9.0%
• Loan Terms: 5 – 10 years

The Student Loan Centre provides loans specifically for postgraduate students, with amounts up to £30,000.

The interest rates range from 5% to 9.0%, and the loan term can vary from 5 to 10 years. A UK-based co-signer is required to qualify for this loan.

9. TFS Loans

• Loan Amount: £5,000 – £50,000
• Interest Rates: 4.5% – 8.5%
• Loan Terms: 5 – 12 years

TFS Loans offers flexible options for international students with loan amounts up to £50,000.

The interest rates range from 4.5% to 8.5%, and loan terms range from 5 to 12 years.

No co-signer is required, making this an excellent choice for students with a UK study offer.

Quick One: We have other useful loan articles here.

Frequently Asked Questions

Conclusion

For international students in the UK, securing the right postgraduate loan can significantly ease the financial burden of higher education.

The 9 best postgraduate loans for international students in the UK provide a range of loan amounts, interest rates, and terms to suit various needs.

Whether you need a co-signer or prefer a loan with flexible terms, the options available ensure that students can access the funds they need to succeed academically.

Be sure to compare these providers carefully to find the best option for financing your postgraduate studies.