The Students loan company

Basically Students loan company is a non-profit making government-owned organization their responsibility is to administerat loans and other grants to the eligible Students in college and universities in the UK.

U. K best students loan company in the world.

But for this purpose ,once you have taken a student loan, you must complete a form each year and report your income, no matter where in the world you live and work. If your income is below a certain level you are allowed to ‘defer’ and make no payments, otherwise the level of your payments depends on your income. If you fail to provide this information each year then your account falls into default and is passed to Erudio, a company that belongs to a US firm of debt-collectors, and you lose many of your rights, including the write-off of your outstanding debt after a set number of years.

If you have security (collaterals), you can easily get the loan , you can take a loan against a fixed deposit, against gold, residential property or something else which is your written own property.

Wikipedia research articles on SLC

Get loan is as easy as pie if you have the security and studying in the UK doesn’t require much of the amount. A total sum of 15–20 lakh is enough for most universities in the UK.

However, if you don’t have any security, then this could be difficult to get the loan from any bank as the bank need substantial proof that you are capable of repaying the amount.

Some bank gives a loan up to 7–10 lakh without security as well but that will not serve the purpose. If you want to fund your education partially with an education loan, then this loan amount may help.

One of the best options to get the loan is Prodigy finance, but you must study with only a few of the top universities in the UK or otherwise. And the loan is sectioned quickly and students don’t need to have any security. The interest rate is small and you start paying one year after you graduate, thanks for reaching follow up for more convenience.