As a traditional education powerhouse, the UK has a large number of applicants every year. However, as more and more people choose to study abroad, study abroad loans have also become the choice of some parents. So, which banks can apply for loans for studying in the UK? The following is aboutWhich banks can I apply for loans for studying in the UK?UK study visa application, ,Application process for studying in the UK, ,University Application Study in the UKThe problem.

Which banks can I apply for loans for studying in the UK?

1. Which banks in China can apply for loans for studying in the UK?

Currently, Bank of China, China Construction Bank, China Merchants Bank, Industrial and Commercial Bank of China, Pudong Development Bank, CITIC Bank, etc. can all apply for study abroad loans. Each bank has different application conditions, quotas, terms, guarantees, and withdrawal methods. Students in need can learn more about them and make a choice after comparison.

In recent years, studying abroad has become a popular choice for students, and overseas loans have also become a way for everyone to choose. Friends who are taking out overseas loans should pay attention to the following points:

1. Explain the purpose of the loan

When friends who are going abroad apply for study abroad loans, applicants must clearly indicate that the loan is to be used for studying abroad.

2. An English version of the loan contract is required.

Currently, many banks provide overseas study loan services, but not all banks can provide an English version of the overseas study loan contract. This is also something that customers need to pay attention to when applying for overseas study loans. If there is no English version, it may be a bit troublesome when applying for a visa.

3. Pay attention to your integrity

When applying for a loan to study abroad, you should check your integrity. The bank can know the integrity of the borrower by checking the integrity record. Integrity is very important when studying abroad.

2. How to apply for a loan to study in the UK?

1. If you want to apply for a UK study loan, you need to meet the following conditions:

1. The applicant must be between 18 and 55 years old and have full civil capacity;

2. Provide valid personal identification document and household registration certificate;

3. Have certain repayment ability and good repayment willingness;

4. Provide additional financial proof or provide a guarantee;

5. Provide relevant certification documents for studying in the UK, such as a UK school admission letter or other documents issued by the school;

6. Good personal credit and no record of illegal or disorderly behavior.

2. UK study abroad loan process guide

1. Loan Target

Applicants for study abroad loans are those who intend to study abroad, their immediate family members or their spouses.

2. Loan conditions

To apply for a study abroad loan, the borrower must have full civil capacity and must not be over 55 years old on the loan maturity date. The applicant must also hold an admission notice or other valid admission certificate from the school where the student is going to study abroad and a passport with an entry visa for the country where the student is going to study abroad. The applicant must have a permanent residence or other valid residence status in a controllable area, a fixed residence, a stable job and a source of income.

Applicants can choose the student himself as the borrower according to their own needs, or they can choose their parents or legal guardians as the borrowers. If the actual borrower is under the age of 18, his legal guardian should be the borrower. The borrower needs to have good credit.

Of course, the borrower must also provide property mortgage, pledge or third-party guarantee approved by the lender. The mortgaged property is limited to real estate that can be mortgaged; the pledged property is limited to government bonds, bank deposit certificates, corporate bonds and other securities; the guarantor should be a legal person or natural person with compensation ability and willing to bear joint and several repayment responsibilities.

3. Regulations on the amount and duration of UK study abroad loans

The amount of the loan for studying in the UK shall not exceed the application fee stated in the UK school's admission letter or other valid admission certificate, the total amount of RMB equivalent of tuition, living expenses and other necessary expenses within one year, not exceeding RMB 500,000, and the maximum term shall not exceed 6 years (including 6 years).

4. Application materials for study abroad loan

1) Your valid identity document, including your original passport and a copy of it for record.

2) The Admission Notice from the school you are attending, and the certification of the total amount of tuition and miscellaneous fees required during the student's study period issued by the school; if the loan is issued on a school year basis, you should produce the tuition and miscellaneous fee certification for the next year before the end of each school year.

3) If property is used as collateral or pledge, a list of collateral and pledged property and a written consent or statement signed by the person with the right to dispose of the property (including the property co-owner) shall be provided. For collateral, a value assessment report issued by the relevant department and insurance documents issued by the insurance department shall be submitted, and for pledged property, documents proving the rights shall be provided.

3. Things to note when taking out a loan to study in the UK

1. Diversified financial services promote loan services

At present, the overseas financial services provided by various banks have long gone beyond simple foreign exchange purchase and overseas remittance business, and various "one-stop" and "package" services have become the mainstream service models in the current market.

It is worth noting that the special services launched by different banks are very eye-catching. For example, ICBC's global quick remittance business; Bank of China, CITIC Bank and other banks provide overseas loan business; China Everbright Bank, China Merchants Bank and other banks provide overseas account pre-opening business; Bank of China's overseas account opening and foreign exchange overseas loan business; CITIC Bank's embassy visa agency business and agency sales of US visa appointment phone password cards, etc. The advantages of inter-bank special financial services are highlighted, making the competition in the overseas financial market increasingly fierce, and the diversified financial services industry has effectively promoted the continuous improvement of loan services.

2. Apply for study abroad loans as early as possible

When you have decided on the direction of studying abroad, you should start to consider the financial preparation for your child's study abroad. Currently, many families choose to take out study abroad loans to reduce the family's financial pressure.

Study abroad loans can be mortgaged with real estate, treasury bonds, certificates of deposit, etc., generally using the national benchmark interest rate, with a three-year term. The loan amount is estimated based on the borrower's overseas tuition and living expenses. The loan amount generally does not exceed 80% of the total tuition and living expenses of the borrower during the period of study abroad. It can also be appropriately increased to 90% of the total cost based on the borrower's situation and the collateral provided. The specific loan term, loan ratio and loan amount should be determined based on the borrower's expenses for studying abroad and the guarantee situation.

Generally, foreign institutions require funds to be deposited in a bank for a period of time as a deposit, and the bank will issue relevant certificates. Therefore, the sooner you apply for a study abroad loan, the better. Generally, you can apply for it 6 months in advance, and it takes about a week to successfully apply. Currently, there are not many banks in China that offer study abroad loan services.

3. Things to keep in mind when making loans

When applying for a study abroad loan, there must be a clear indication that the loan is for studying abroad. In addition, many banks currently provide study abroad loan services, but not all banks can provide an English version of the study abroad loan contract. This is also something that customers need to pay attention to when applying for a study abroad loan. If there is no English version, it may be a bit troublesome when applying for a visa. At the same time, we must try our best to pay attention to our integrity when applying for a study abroad loan, and try to avoid using leveraged means to apply for a loan. After all, the fundamental purpose of customers coming to apply for a study abroad loan is to go abroad, and integrity is still the first priority.

4. You need to know the information in advance when applying for a study abroad loan

Study abroad loans refer to loans in RMB or foreign currency issued by banks to borrowers to support students in paying tuition and living expenses during their study abroad.

3. UK Study Fee Payment Guide

1. Payment confirmation

After you have received the admission letter from your favorite school, you need to confirm it yourself. In addition to confirming the admission, you also need to pay the study abroad fees directly online. Even if you cannot pay it all at once, you still need to pay a deposit to confirm your qualifications.

If you choose to pay by direct transfer with a Visa card, there will be no time difference and the funds will be credited to your account in real time. After the payment is successful, you can take a screenshot and keep it. This is the most convenient and cost-effective way. The handling fee will not be very high, and the exchange rate is real-time, which is very suitable for students studying abroad.

2. Visa Card

When choosing a bank card for payment, you must choose one with the Visa logo, so that you can achieve real-time transfer and timely arrival of funds. This is a global bank card. You can pay fees after arrival and it has strong payment capabilities.

Therefore, it is recommended that you apply for this card in China. Not only will it be more convenient when paying tuition fees, but you can also use it to apply for local cards after going abroad. It is also very convenient and can be used as a temporary backup card.

3. Payment Process

You will first receive an admission email from the school, which will include a payment link. If you are satisfied with the school, you can directly confirm the admission and then click the link to enter the payment page. After confirming the information on the page, you can prepare to pay.

You need to prepare your Visa bank card, then enter your card information as required, confirm the tuition amount to be paid, and transfer the amount directly. You need to wait for the page to jump to the successful payment, and then take a screenshot of the relevant proof.

4. Advantages of Card Application

With your own Visa card, not only can tuition fees be paid directly through bank transfer, but other school fees can also be paid directly through bank cards, and they can be directly converted into corresponding pounds. The exchange rate is real-time, and the handling fees you have to pay are not high.

Moreover, in daily life, it is more convenient to use bank cards for payment, because mobile payment is not popular in the UK. People cannot use WeChat or Alipay to pay, so swiping cards has become the mainstream. There is no need to carry cash when going out.

What are the banks that can apply for loans for studying in the UK?

After understanding the issues of banks in China that can apply for loans for studying in the UK, you will also need to prepare a VPN tool to bypass the firewall and return to China when studying in the United States.For many Chinese who go to the US to study and work, they still like to watch some Chinese TV series and programs in China, and they are more accustomed to use some domestic native apps to listen to music, watch videos, play games and so on. However, due to copyright reasons, most of the popular programs are only allowed to be accessed by mainland IPs. In such a big background, theVPN back over the wallQuickFox VPN is a VPN for overseas Chinese to listen to music abroad. It helps overseas students to watch Chinese TV series by overcoming the firewall and removing the regional copyright restrictions of domestic applications and websites. It can connect to the mainland server with one click to solve the network delay and freeze problem.