Lendwise Student Loans

Lendwise offers loans for postgraduate degrees, MBA programmes, professional qualifications, bootcamp training courses, SQE exam fees, and the refinancing of existing student loans. We also provide the Graduate Life Start Loan to help new graduates transition into professional life. Loans may cover tuition fees in full or in part, and in some cases, supplementary costs such as living expenses or study materials.

Applicants must be at least 18 years old and able to meet Lendwise’s credit and affordability checks. Loans are available to UK residents and to international students with an offer from an eligible UK, European, or recognised international institution. Students with scholarships, government loans, or other funding may also be considered, provided the loan remains affordable.

Yes. International students with an offer from an eligible UK or selected European or international institution can apply. A recent local credit report (issued within 30 days) in English, or accompanied by a certified translation, must be provided to support the application.

Yes. Students with an offer from recognised European or International universities or business schools may apply, subject to the same requirement of submitting a recent local credit report in English or with a certified translation.

Yes. Lendwise loans are available for eligible part-time and distance learning programmes. Repayment terms may differ depending on your mode of study, and these will be detailed in your loan agreement.

Lendwise loans are available for recognised universities, business schools, and professional qualification providers, primarily in the UK and selected European or International institutions. Courses must be accredited and career-focused. If you are uncertain whether your course is eligible, we encourage you to contact us for clarification before applying.

Yes. Lendwise loans can be combined with government loans, scholarships, or other funding sources to cover tuition fees and, where applicable, living expenses. Affordability will always be assessed to ensure responsible lending.

You can apply for a Lendwise loan through our online application portal. The process is straightforward: complete the application form with your personal, educational, and financial information, and submit it for an initial review. Once we assess your eligibility, you will receive a provisional loan offer for your consideration.

To finalise your loan application, you will typically need to provide:

• Proof of identity (e.g., passport or driving license)
• Proof of residence (e.g., utility bill or bank statement)
• Proof of your offer from a recognised university or course provider
• Evidence of financial status (e.g., bank statements or payslips)
• Credit report (for international applicants, a recent local report in English may be required)

Additional documents may be requested depending on the loan type, course, or individual circumstances. All required documents will be clearly outlined in your application instructions.

No, there are no fees for submitting a loan application with Lendwise. You can apply and receive a provisional loan offer without any charge or obligation. Any fees, if applicable, will only be clearly communicated in your loan agreement before you accept the offer.

If you are a UK resident, you can obtain your credit report from any of the main credit reference agencies, such as Experian, Equifax, or TransUnion. These reports provide details of your credit score, account history, and repayment records. If you are an international applicant, you will need to request an official credit report from a recognised agency in your home country, issued within the last 30 days. This must be in PDF format and in English (or accompanied by a certified translation).

No. An initial application only involves a soft credit check, which does not affect your score or appear to other lenders. A full credit check is only performed if you accept a loan offer, and this will leave a footprint on your credit report.

Once you submit your online application and provide the required information, Lendwise typically reviews your details promptly. If you meet the eligibility criteria, you can expect to receive a provisional loan offer within 2 business days. The exact timing may vary depending on how quickly you supply supporting documents and complete the necessary steps.

Lendwise loans are structured to accommodate the individual requirements of each student. They may cover the full tuition fees for your course or a portion thereof, in cases where you already benefit from a scholarship, government loan, or alternative funding. Additionally, the loan may include supplementary funds to assist with living expenses or other study-related costs. All loan amounts are subject to an assessment of eligibility and affordability.

Lendwise loans are designed to be flexible. In most cases, borrowing ranges between £5,000 and £100,000, depending on your course and financial needs. For certain MBA programmes, borrowing may be extended up to £150,000. n addition, smaller loan amounts may be considered in cases such as funding for SQE examination fees or where a student requires only limited supplementary support alongside a scholarship or alternative funding source.

Yes, it may be possible to increase your loan amount after the initial approval, subject to eligibility and affordability checks. Any request for an increase will require a review of your financial circumstances and supporting documentation, and must be approved by Lendwise before the additional funds can be disbursed.

Lendwise loans are primarily designed to cover tuition fees, with the funds usually disbursed directly to your university. However, where additional support is required, we may be able to include a portion of the loan to help with living expenses. In such cases, the maintenance amount is disbursed directly to you when your course begins.
If you are applying for a personal loan (unrelated to tuition fees), these can typically be used to cover living costs. Please note that we do not issue two separate loans for the same student (e.g., one for tuition and one for living expenses). Instead, where eligible, both tuition fees and living expenses are incorporated into a single loan.

Yes, Lendwise loans may include certain fees, which are always clearly detailed in your loan agreement before you accept the offer. These may include arrangement or administrative fees, which are added to the total amount repayable. We are committed to full transparency, ensuring you have a complete understanding of any costs before you proceed with the loan.

Yes, you can refinance an existing student loan with Lendwise. As your financial profile improves after graduation, refinancing may allow you to benefit from a lower fixed interest rate, reduced monthly payments, or a shorter repayment term, helping you save on the overall cost of your loan. Find out more.

Yes, you can apply for a Lendwise loan even if you have existing student loans, such as an outstanding undergraduate loan. Lendwise will consider your current financial commitments as part of its affordability assessment to ensure that any additional borrowing remains manageable. The loan can be used to cover tuition fees and, where applicable, living expenses.

Full-time students benefit from a grace period that lasts through their studies and up to six months after graduation. No repayments are due during this time, though interest continues to accrue and is added to the loan balance.

Your repayment start date is shown in your loan agreement and repayment schedule. Typically, full-time students begin after their studies plus a grace period of up to six months, while part-time students start the month after signing their loan agreement.

Yes, you can make partial repayments before your loan officially enters its repayment phase. Any payments made early will be applied directly to your loan balance, helping to reduce the overall amount repayable and the interest accrued over time.

Interest is included in the monthly instalment as per the agreed loan schedule which you will get together with the loan agreement. Provided you pay your instalments according to plan you can expect interest to reduce gradually as time passes.

Interest rates quoted are a combination of three components namely term (duration) of the required loan, the general level of interest rates in the UK economy and the credit risk factor as this is determined by the scorecard result. In general, loans with shorter durations and lower assessed credit risk are associated with lower interest rates.

You can surely repay your loan early without incurring any fees. Please contact us at borrowers@lendwise.com or call 0203 890 7270 if you need to find out more.

If you miss a repayment, Lendwise will contact you the following day to collect the outstanding amount. We will continue to make regular attempts to reach you over a period of up to 90 days in order to agree on a suitable repayment arrangement. If, during this time, no resolution is reached and further payments are missed, your loan agreement may be terminated and the account referred to a collections agency. Additional charges may then apply, as specified in your loan agreement, and missed repayments can also negatively affect your credit rating.

You can easily track your loan balance and payments through your Lendwise online dashboard. Once logged in, you will be able to view your repayment schedule, outstanding balance, upcoming instalments, and payment history in real time. This allows you to stay on top of your loan and manage your repayments with full transparency.