The UK is the dreamland for international students searching for the best study destination. Since it offers quality education, internationally respected degrees, and work opportunities, studying in the UK from Nepal has long been the choice for students. Whether it’s any field of education, from engineering and medicine to business and management, the UK is providing world-class education and producing some of the best world leaders.
Why Study in the UK?
Studying in the UK provides lots of benefits:
- World-class education: The UK provides one of the best world-class education institutions, including some of the prestigious institutions like Oxford, Cambridge, and the University of London.
- Shorter duration of courses: Most educational institution in the UK offers three years of undergraduate degree and a year of postgraduate degree, providing quality and practical education in a short period.
- Cultural familiarity: Since the UK has a large Nepali population, Nepali students going there to study can feel at home.
- Work opportunities: International students can do part-time jobs in the UK to cover their expenses to support themselves financially while studying.
Financial Challenges of Study in the UK
Even though the UK has outstanding educational opportunities, many students may find it challenging due to the cost of living and tuition fees. The annual cost of tuition alone could range from £10,000 to £38,000 based on the university and subject selected. When lodging, food, and other living expenditures are included, the financial load can appear to be too much to bear.
Why Global IME Bank for Your Study in UK Journey
Global IME Bank understands the financial challenges of studying in the UK. Thus, the bank has designed education loans at affordable interest rates for students like you who dreamed of studying in the UK. The bank’s education loan offers the following benefits:
- Competitive Interest Rate: Get the best competitive interest rates to lower the financing burden for your study abroad journey.
- Flexible Repayment Options: Choose flexible repayment options that fit your or your family’s income.
- Quality Customer Service: Trained staff are always available to support you on your study abroad journey regarding finances and funding.
- Quick Approval: Take benefit of the fast approval process which ensures timely access to funding.
- Minimal Documentation: Less documentation makes it easy and straightforward.
Eligibility Criteria for Education Loan
- Age: Nepali citizens aged 18 to 70 at the loan’s maturity.
- Joint Borrowers: Parents are the primary borrowers, with the student as a joint borrower.
- Educational Pursuit: Financing for students pursuing education abroad or within Nepal for studies above +2 level.
- Income Requirements: EMI/EQI should not exceed 50% of gross income or 80% of uncommitted income.
Documents Required for Education Loan
- Loan Application Form: Fill complete loan application form.
- Income Proof: Salary certificate, contract agreement, rent contract, audited financial statements, or self-declared income.
- Personal Identification: Citizenship certificates, passport and visa copies along with passport-size photos.
- Academic Records: Academic records and admission letters.
- Income Proof: Salary certificate, contract agreement, rent contract, audited financial statements, or self-declared income.
- Property and Financial Documents: Ownership certificates, blueprints, salary certificates, and coheir letters to secure the loan.
Turning Your Dream of Studying in the UK into Reality
Studying in the UK not only provides quality and practical education but will also shape you into making world-class leader. In order to reduce your financial burden, Global IME Bank provides the best education loan at competitive interest rates with flexible repayment options to help Nepali students study abroad.
