Leap Finance Loan for UK: Eligibility, Interest Rates, & More

Studying in the UK can be expensive for an international student. It can cost you nearly £9,000 – £38,000 to study in the UK. To cover your academic and living expenses, taking a loan is the best way to manage your finances. Leap Finance offers study abroad loans to students who are planning to study in the UK. Let’s learn more about Leap Finance loans for studying in the UK.

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Leap Finance Loan Eligibility Criteria

Before applying for the loan, it is essential to thoroughly review the eligibility criteria. The eligibility criteria for Leap Finance loans for studying in the UK are tabulated below:

Leap Finance Loan Interest Rates & Fees

Leap Finance offers loans for study in the UK at competitive interest rates. The interest rates may vary depending on your program and university. Leap Finance offers education loans starting from 8.45%.

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Documents Required for Leap Finance Loan For UK

To ensure a successful loan application, please have all the necessary documents ready. There are typically 4 types of documents that are required: identification/KYC, financial proof, academic, and collateral documents. For a Leap Finance loan to study in the UK, here are the essential documents:

Student:

• Fully completed and signed application form
• 2 passport-size photographs (both Applicant and Co-applicant)
• University’s letter of admission
• Cost break-up of the program from the university
• Academic record
• Affidavit or Declaration stating that the applicant does not have any other loan
• ID proof (any one) – Passport, PAN card, Voter’s ID card, Driving License, Aadhaar card, etc.
• Address proof (any one) – Driving license, Ration card, Voter’s ID card, Passport, Aadhaar card, etc.
• Age proof (any one) – Birth certificate or Class 10th certificate
• Visa approval letter and travel papers

Co-Borrower (Salaried)

• Address proof
• Identity proof
• Last 3 months’ salary slips or salary certificate
• Last 2 years Form 16 or last 2 years of Income Tax Returns
• CIBIL report
• Other income proof (if any)

Co-Borrower (Self-employed)

• Address proof
• Identity proof
• Latest 6 months bank statement
• Last 2 years of Income Tax Returns
• Proof of office (any one) – (lease deed, utility bill, or the title deed)
• CIBIL report
• Other income proof (if any)

How to Apply for a Leap Finance Loan?

Leap Finance is known for its quick online application process. It typically takes 10 minutes to complete the application form. Here’s how you can apply for a Leap Finance loan to study in the UK:

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