Postgraduate Funding Loan

Specifically designed to cover the cost of your tuition fees while you’re still studying

Why this loan might be right for you

  • Borrow from £1,000 up to the full amount of your tuition fees
  • Repay your loan over 1 to 5 years
  • This is a variable rate loan, which means your loan repayments may go up as well as down
  • Interest only repayment option for up to the first 30 months
  • You can make over payments as often as you like
  • No early repayment charge
  • We can tell you how much you need to clear your loan early
  • No arrangement fee

Check you’re eligible to apply

You can apply for a Postgraduate Funding loan if you’re an existing customer, 18 or over and a UK resident

  • This loan is available to assist solely with the payment of course fees for graduates undertaking further study
  • Your course must last no more than 3 years
  • If you apply for a loan, we’ll complete a credit search, which will leave a footprint on your credit file.
  • Your application may be affected if you’ve:

  • had an Individual Voluntary Arrangement (IVA), a County Court Judgement (CCJ) or been declared bankrupt in the last 6 years
  • Defaulted on any balances
  • Missed or made late payments on a credit or store card, loan or finance agreement (including mobile phone bills)

Call us on:

0800 660 033

Lines are open between 8am – 6pm Monday to Friday and 9am – 1pm Saturdays.

The Danske Postgraduate Funding Loan provides you with the option to make interest-only monthly repayments for up to the first 30 months. After the interest-only period ends, your monthly repayments will increase to cover the outstanding capital as well as the interest.

Important information

  • Before we provide the loan you must confirm you have been accepted on to a postgraduate course by providing us with your university offer letter.
  • A guarantee and indemnity may be required, for which a fee may be payable. This will be assessed on a case by case basis.
  • Whether we provide credit depends on your circumstances.
  • Lending terms and conditions apply.
  • This personal loan is not available to buy property or land (not even the deposit); for any speculative purpose (such as investments, stocks and shares, or gambling); for any business purpose; to fund living expenses or for anything illegal.
  • Repayments must be made from a Danske Bank personal current account.

Prices and interest rates

Correct as at 27 November 2023

Amount borrowed Current per annum (%) Current variable APR (%)
£1,000 plus 7.75% 8.0%

Representative example

Representative APR 8.0% APR variable
Arrangement fee £0
Total amount of credit £5,000
Repayment term 60 months
Monthly repayment

30 payments of £32.09, then

30 payments of £183.80

Total amount payable £6,476.70

We also offer an Elective Study Loan for medical students who require funding for their elective study period. Please contact us on 0800 660 033 for more information and to apply.

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