Masters in Cardiology is one of the most preferred courses in the UK. Education loans for masters in cardiology can be taken from any bank or NBFC in India. Since the course is conducted in top universities such as Imperial College, University of Birmingham, University College London etc, you will also get a rebate in interest rates on education loans. To know all the major features and requirements for a masters in Cardiology in UK, continue reading further.
Table of contents
Why Should You Take Education Loan for Masters in Cardiology in UK?
Taking an education loan for Masters in Cardiology in the UK can be effective as the cost of living and tuition fees in UK is high. The UK has some of the world’s leading medical schools and hospitals that offer research opportunities and access to advanced medical technology. An education loan can help cover the costs of tuition and living expenses so that you can focus on your studies and clinical training. Getting a degree in Cardiology from a prestigious UK university can enhance your career prospects and job opportunities.
Also Read: Travelling to UK for studies? Check here all about UK Visa application fee
Best Banks for Education Loan for Masters in Cardiology in UK
Some of the major banks and financial institutions that offer easy education loans for the UK are the State Bank of India (SBI), Bank of Baroda (BOB), HDFC Bank, ICICI Bank, Saraswat Bank, Prodigy Finance etc. All these banks provide education loans under various schemes and also offer discounts on interest rates. Before applying for the loan, compare the loan offers from various banks and NBFCs and then finalise the loan product that suits your requirements. Check the features of the loan below:
| Banks and NBFCs | Major Features |
| HDFC Bank Education Loan | -Up to INR 45 lakhs collateral-free loan -Interest rate starting from 9.50% -Processing fee is 1% of the total loan amount or INR 1000 |
| SBI Education Loan | -Loan offered under SBI Global Ed-vantage Loan scheme -Interest Rate starting from 11.15% (floating) -Loan sanction before i20/Visa |
| Prodigy Finance Education Loan | -100% financing available -Repayment period is 7-20 years -Interest rate starting from 10.50% |
| Avanse Education Loan | -Loan sanction within 72 hours -100% financing available subject to eligibility -Unsecured loans of up to INR 75 lakhs |
| Saraswat Bank Education Loan | -Up to INR 1.5 crores to study abroad -Processing fee is 0.25% of the loan amount (maximum INR 25,000) -9.75% Interest rates for premier institute |
Eligibility Criteria
To be eligible for an education loan for a Master’s in Cardiology in the UK, students must fulfil the essential eligibility criteria. The students should have secured admission to a recognised UK university and possess a strong academic record. Check some of the essential eligibility criteria for an education loan for masters in Cardiology in UK:
- The student must be an Indian citizen
- The age of the student shall be between 18 years and 35 years of age
- Banks and financial institutions often require a co-applicant, such as a parent or guardian, with a stable income and a good credit history
- Students may need to provide proof of income, bank statements, and a detailed plan showing the course expenses and repayment strategy
Also read: Want to study medicine from abroad? Check here all about education loan for MBBS
Documents Required for Education Loan for UK
There are majorly 3 types of documents that are required for education loan for a Masters in Cardiology in the UK. They are KYC documents, financial documents and academic documents. All these documents must be self-attested and clearly visible. Check the details of all the documents below:
- PAN card and Aadhaar card
- ITR, salary slips and bank statements for the last 6 months
- Scorecard of senior and higher secondary exam
- Scorecard of undergraduate exam
- Visa approval letter and admission confirmation letter
Education loan for Masters in Cardiology in UK is an essential requirement to fulfil your study abroad dreams in the field of medicine. Check some of the FAQs based on the same below:
FAQs
Taking an education loan for a Master’s in Cardiology in the UK helps cover the high costs of living and tuition fees. The UK offers access to world-class medical schools, hospitals, and advanced medical technology.
Some of the best banks for education loans include the State Bank of India (SBI), Bank of Baroda (BOB), HDFC Bank, ICICI Bank, Saraswat Bank, and Prodigy Finance. These banks offer various schemes with competitive interest rates and also offer collateral-free loans.
HDFC Bank offers up to INR 45 lakhs collateral-free loans with interest rates starting at 9.50%. The bank provides a repayment tenure of up to 15 years and covers 100% finance.
To be eligible, students must be Indian citizens aged between 18 and 35 years. They should have secured admission to a recognised UK university and have a strong academic record.
Required documents include KYC documents (PAN card, Aadhaar card), financial documents (ITR, salary slips, bank statements for the last 6 months), and academic documents (scorecards of senior secondary, higher secondary, and undergraduate exams).
To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
