What are the two types of student loan for the UK?
There are mainly two types of education loans for international students available in India are collateral education loans and non-collateral education loans.
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Collateral Education Loan: The loan amount which is borrowed by placing a security like assets, gold, bonds, shares, FD's etc is the collateral loan. In the collateral loan both the loan amount and security both have the same value. These types of loans are also called as secured loans. Students who have security can opt for collateral education loan for study in UK.
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Non-Collateral Education Loan: The loan which is borrwed without placing any security is the non-collateral education loan. Often based on the income of the co-applicant this education loan is provided. This education loan for the UK is more popular among students looking for a student loan for UK.
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