Studying in the UK can be an enriching experience, but the cost of tuition and living expenses can be daunting for international students.
Fortunately, several loan providers offer tuition fee loans tailored to international students in the UK.
These loans can help bridge the financial gap, ensuring that you can focus on your studies without the constant worry about finances.
This article highlights the 9 best tuition fee loans for international students in the UK, including their key details such as loan amounts, interest rates, and repayment terms.
Best Tuition Fee 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 |
| SFE (Student Finance England) | Up to £9,000 | Yes | 3% – 6% | 3 – 9 years | UK-based students, co-signer required for international students |
| Specialist Lenders (via brokers) | £5,000 – £50,000 | Yes | 4.5% – 8.5% | 3 – 10 years | Students with proof of income, must be enrolled in UK universities |
1. Prodigy Finance
- Loan Amount: Up to £100,000
- Interest Rates: 7.99% – 13.99%
- Loan Terms: 5 – 15 years
Prodigy Finance offers loans specifically for international postgraduate students in the UK.
Loan amounts can go up to £100,000, with interest rates ranging from 7.99% to 13.99%.
The loan terms are flexible, ranging from 5 to 15 years.
No co-signer is required, making it an excellent choice for international students who don’t have access to a UK-based 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 to international students studying in the UK.
Loan amounts range from £2,000 to £40,000, with interest rates from 4.9% to 12%.
The repayment period is flexible, ranging from 5 to 10 years, and no co-signer is needed.
This loan is perfect for international students who need financial support for tuition and other educational costs.
3. MPOWER Financing
- Loan Amount: $2,001 – $50,000
- Interest Rates: 9.99% – 13.99%
- Loan Terms: 10 years
MPOWER Financing is a top choice for international students pursuing degrees in the UK.
Loan amounts range from $2,001 to $50,000, with interest rates between 9.99% and 13.99%.
The loan term is fixed at 10 years. This loan is available to students from select countries, and no co-signer is required.
4. Lendwise
- Loan Amount: Up to £40,000
- Interest Rates: 6.0% – 8.0%
- Loan Terms: 5 – 10 years
Lendwise provides loans for international postgraduate students in the UK.
Loan amounts can go up to £40,000, with interest rates ranging from 6.0% to 8.0%.
The repayment terms are flexible, ranging from 5 to 10 years, and no co-signer is required, making it a great option for students without UK-based guarantors.
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 loans up to £25,000 for international students in the UK.
Interest rates range from 6.0% to 9.0%, with repayment terms between 5 to 10 years.
This loan requires a UK-based co-signer, which may be a barrier for some international 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 Student Loans offers loans for international students enrolled in eligible UK institutions.
Loan amounts range from $5,000 to $80,000, with interest rates between 5.99% and 12.99%.
Loan terms can range from 5 to 15 years, and no co-signer is required for most loans.
7. Barclays International Loan
- Loan Amount: Up to £35,000
- Interest Rates: 6.1% – 7.5%
- Loan Terms: 5 – 10 years
Barclays offers loans to international students with a co-signer in the UK.
Loan amounts can go up to £35,000, with interest rates ranging from 6.1% to 7.5%.
The loan terms are flexible, ranging from 5 to 10 years, but a UK-based co-signer is required.
8. SFE (Student Finance England)
- Loan Amount: Up to £9,000
- Interest Rates: 3% – 6%
- Loan Terms: 3 – 9 years
SFE offers loans primarily for UK-based students, but international students may be eligible with a UK-based co-signer.
Loan amounts up to £9,000 are available, with interest rates between 3% and 6%.
Repayment terms are between 3 and 9 years, and the co-signer requirement is essential for international students.
9. Specialist Lenders (via brokers)
- Loan Amount: £5,000 – £50,000
- Interest Rates: 4.5% – 8.5%
- Loan Terms: 3 – 10 years
Specialist lenders offer tailored loan products through brokers for international students.
Loan amounts range from £5,000 to £50,000, and interest rates range from 4.5% to 8.5%.
Repayment terms are between 3 and 10 years. International students must have proof of income or be enrolled in a UK institution to qualify.
Quick One: We have other useful loan articles here.
Frequently Asked Questions
Do international students need a co-signer for tuition loans in the UK?
It depends on the loan provider. Some providers like Prodigy Finance, Future Finance, and MPOWER Financing do not require a co-signer, while others, such as Barclays and Bank of Ireland, require a UK-based co-signer for international students.
How much can I borrow for tuition as an international student in the UK?
The loan amounts available to international students range widely, from £2,000 to £100,000, depending on the loan provider. Some providers, such as Prodigy Finance, offer higher loan amounts, while others like Future Finance provide more limited options.
What are the typical interest rates for tuition loans for international students in the UK?
Interest rates typically range from 4.5% to 13.99%, depending on the loan provider, loan amount, and repayment terms. It’s essential to compare rates to find the best loan option that suits your needs.
Conclusion
Choosing the right tuition fee loan is crucial for international students pursuing higher education in the UK.
By considering loan amounts, interest rates, and repayment terms, you can make an informed decision that will ease your financial burden.
The 9 best tuition fee loans for international students in the UK offer a variety of options to suit different needs, from low-interest loans to those that don’t require a co-signer.
Explore these options, and secure the financing you need to study in the UK with confidence.
