Education loans for Master’s in Digital Marketing in the UK can be availed through multiple banks and NBFCs in India. SBI, Bank of Baroda, Avanse, Prodigy Finance, ICICI Bank etc. are some of the top choices. Aspiring students must fulfil the eligibility criteria based on the lender applied through. You can apply online through the Vidya Lakshmi Portal or the bank’s official website.
The loan for a Master’s in Digital Marketing in the UK will enable you to develop skills in the marketing field and cover the costs of studying and living in the country. You can avail up to INR 1.5 crores of non-collateral education loan for the UK. To know more about top loan providers, interest rates, and other features, continue reading further.
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Overview of Master’s in Digital Marketing in the UK
Master’s in Digital Marketing in the UK is a 1-year full-time course. You must score at least 55% in graduation and a band score of more than 6.5 in IELTS to successfully secure admission. The cost of study ranges from GBP 15,000 to GBP 32,000 annually (INR 16.13 lakhs to 34.41 lakhs). You get to learn numerous skills like Digital and Content Marketing, Analytics, Search Engine Optimization (SEO), Pay-Per-Click (PPC), and Marketing Automation.
- Multiple jobs are available as a Digital Marketing Manager, SEM Expert, Analytics Manager, CRM Manager, E-mail Marketing Manager, and Digital Agency Account Director, after successful completion of the course.
- Average salaries range from GBP 15,000 to GBP 85,000 annually (INR 16.13 lakhs to 91.42 lakhs).
- Various scholarships to study in the UK are a great way to cover the partial costs of pursuing a Master’s in Digital Marketing in the UK. Some of these scholarships are the Chevening Scholarship, Chancellor’s Global Academic Merit Scholarship, and Vice Chancellor’s Global Development Scholarship.
- An education loan can help you cover complete expenses for your studies abroad.
Also Read: Planning to pursue law? Check out the details on education loans for a Master’s in Law in the UK.
Education Loan for Master’s in Digital Marketing in the UK
The tuition fee and living costs in the UK can be a challenge when taking a step forward in your academic journey. Thus, education loans help you bridge the financial gap and provide you with desired funds you need to pursue the course.
An education loan for a Master’s in Digital Marketing in the UK lets you accomplish marketing as a career at top-notch universities. You can apply for high-quality education from prestigious universities like the University of Westminster, Loughborough University, University of Liverpool, and many others.
The loan amount covers major expenses related to tuition fees, books, equipment, and accommodation. You can focus on your studies without worrying about the funds needed to pursue the course and maintain the minimum bank balance for a UK student visa.
Best Banks for Education Loan for Master’s in Digital Marketing in the UK
Various financial institutions in India understand student’s needs and offer personalized loans with need-based financing. Some of the top banks for education loans in the UK are the State Bank of India, Punjab National Bank, Axis Bank, ICICI, HDFC, etc.
NBFCs are also preferred for student loans in the UK as they offer higher loan amounts at competitive rates. Avanse, Prodigy Finance, MPower Financing, HDFC Credila etc. offer quicker loan processing and hassle-free disbursement.
Banks
Public sector banks offer education loans without collateral up to INR 7.5 lakhs. For loans above this amount, you must pledge collateral with the lender. Under dedicated loan schemes to study abroad, secured loans are offered based on your needs with no upper limit on the amount that can be availed. Check out the top 5 banks for education loans for Master’s in Digital Marketing in the UK.
| Banks | Features |
| State Bank of India | – Loans up to INR 1.5 crores can be availed under the SBI Global Ed-vantage Scheme. – Interest rates start from 11.15% p.a.- Easy loan approval and sanction before Visa. – Online application process with no hidden costs. |
| Bank of Baroda | – Loans up to INR 1 crore at interest rates starting from 10.20% p.a under the Baroda Scholar education loan scheme. – No documentation charges. – Interest concession available for premier institutes and colleges. |
| ICICI Bank | – Offers secured loans up to 2 crores and unsecured loans up to INR 1 crore. – Interest rates start from 14.10% p.a. – Additional benefits for those with 2 years of work experience and government employees. – No margin money is required for premier institutes. |
| Central Bank of India | – Provides up to INR 2 crores at interest rates starting from 8.10% p.a under the Cent Vidyarthi Scheme. – Covers a wide range of expenses required to complete the course. – Disbursement is made directly to the university’s account. |
| HDFC Bank | – Offers need-based financing and unsecured loans up to INR 45 lakhs. – Interest rates start from 12.50% p.a. – Minimal and simple documentation. – Transparent process with no hidden fees. |
NBFCs
Non-Banking Financial Companies like Prodigy Finance, HDFC Credila, and Avanse offer education loans with attractive features such as competitive interest rates, faster approval processes, and simpler documentation compared to traditional bank loans. It is advisable to compare the education loan interest rates of various banks and NBFCs before applying for loans.
| NBFCs | Loan Amount | Interest Rates |
| Prodigy Finance | Covers 100% cost of studies abroad | Starting from 11.15% p.a |
| Avanse | Secured- No maximum limit Unsecured- Up to INR 75 lakhs | 14.25% p.a |
| InCred Finance | Secured- Need-based Unsecured- Up to INR 60 lakhs | Starting from 11.00% p.a |
| Auxilo | Secured- 100% financing Unsecured- Up to INR 40 lakhs | Starting 12.70% p.a |
| HDFC Credila | Secured- 100% financing Unsecured- Up to INR 7.5 lakhs | Starting from 13.80% |
Also Read: A career in education from the UK is a great option. Check out the details on education loans for a Master’s in Education in the UK to cover the study abroad expenses.
Eligibility Criteria
To qualify for an education loan for a Master’s in Digital Marketing in the UK, you need to fulfil the specific lender eligibility criteria. You need to be an Indian citizen to be successfully admitted into a recognised UK university. Besides, you must have a strong academic record. Check out the eligibility criteria to ensure quicker loan application processing-
- Be an Indian citizen.
- Be between 18 to 35 years of age with a completed undergraduate degree.
- Secure admission to a recognised university in the UK through an entrance examination or merit basis.
- Provide collateral if the loan amount exceeds INR 7.5 lakhs in the case of public sector banks.
- Collateral should be valued at 100 to 125% of the loan amount or as specified by the lender.
- Apply with a co-applicant who has a stable source of income.
Documents Required
You must submit KYC documents, academic transcripts and financial statements as required documents for education loans for a Master’s in Digital Marketing in the UK. These documents shall be submitted along with bonafide certificates that must be original and authentic. Make sure to self-attest the documents required for a UK student loan. Check out the list below-
- Aadhaar Card
- PAN Card
- Academic grade sheets of Class X, XII, and Graduation
- Last 6 months’ bank statement
- Last 3 months’ salary slips
- Visa approval letter
- Admission confirmation letter
How to Apply for Education Loan for Masters in Digital Marketing in the UK?
The application process for education loans can be completed either online or offline through the lender’s official website. You must research banks and NBFCs offering education loans for international students. Ensure that you meet the lender’s criteria, such as age, academic qualifications, admission to a UK university, and co-applicants income.
- Prepare necessary documents like admission letters, academic transcripts, passports, financial statements, and co-applicants’ income proof.
- Visit the official website of the bank or the lender applying.
- Complete the loan application form online or offline by providing accurate information and attaching the required documents.
- Wait for the lender to verify your application and documents.
- Once approved, the loan amount will be disbursed as per the loan agreement, typically directly to the university.
This was all about the education loan for a Master’s in Digital Marketing in the UK. It is important to check the specific requirements and processes as they may vary between lenders. It’s advisable to compare multiple options and consult with the lender for detailed guidance. Apply with a lender that offers favourable terms and conditions as per your needs and requirements.
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.
FAQs
Absolutely. Education loans for Master’s in Digital Marketing in the UK can be availed through many banks and NBFCs in India. SBI, Bank of Baroda, Avanse, Prodigy Finance, ICICI Bank etc. are some of the top choices.
Yes. An education loan for a Master’s in Digital Marketing in the UK will help you cover the costs of studying and living in the country. You can successfully pursue marketing as a career at top-notch universities.
The actual loan amount required depends on your needs and requirements. However, it is ideal to take an education loan that should cover tuition fees and living expenses in the UK. The costs range from GBP 30,000 to GBP 80,000 annually (INR 32.26 lakhs to 86 lakhs).
You can avail up to INR 1.5 crores of non-collateral education loan for the UK. However, most secured loans that require you to pledge assets with the bank offer need-based financing with no upper limit on the maximum amount.
Yes. Various scholarships to study in the UK are a great way to cover the partial costs of pursuing a Master’s in Digital Marketing in the UK. Some of these scholarships are the Chevening Scholarship, Chancellor’s Global Academic Merit Scholarship, and Vice Chancellor’s Global Development Scholarship.
After successful completion of a Master’s in Digital Marketing in the UK, there are multiple jobs available Digital Marketing Manager, SEM Expert, Analytics Manager, CRM Manager, E-mail Marketing Manager, and Digital Agency Account Director.
To qualify for an education loan to pursue a Master’s degree in the UK, Indian students must have secured admission to a recognized university and possess a strong academic record.
The application process for education loans can be completed either online or offline through the lender’s official website.
You must submit KYC documents, academic transcripts and financial statements as required documents for education loans for a Master’s in Digital Marketing in the UK.
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