We’re a new specialist student finance company for undergraduates and postgraduates in the UK. So naturally our first blog post is here to tell you a little bit about what we’re here to do.

Through the Student Loans Company (‘SLC’), the UK Government already provides low cost tuition and maintenance loans to UK students, and we strongly encourage you to explore this option before coming to us.

That said, currently students who are studying postgraduate or doctoral degrees, or those who are returning to education to study for a second bachelor’s degree are not eligible for loans from the SLC.

And even for those who are eligible, with loan amounts varying depending on means testing, there is often a large gap between the amount they can borrow and the amount they actually need to cover accommodation and living costs. This is where we can help

Future Finance provides student loans of between £2,000 to £40,000 per academic year to cover tuition fees and cost of living expenses.  Unlike any other commercial lender in the UK, our loans are designed specifically for students and only students.

The average student spends around £735 per month, but the average maintenance loan is £458 (the SLC provides two types of loans: a tuition fee loan and a maintenance loan, the latter to cover living expenses). And of course, this is just the average. Half of the students surveyed in a recent study carried out by financial education company BlackBullion said they had run out of money before their next government student loan payment. We are here as an option to students who need extra financing help so that they can spend less time worrying about money and more time focusing on their studies.

Student Friendly Repayment Terms

Students have 5 years from graduation to repay a Future Finance student loan, but you are free to repay the loan at any point sooner than this without any financial penalty.  The 5 year period, which is typically twice as long as high street banks lend for, is there to keep the minimum monthly repayments as low as possible, so that new graduates who are still working on their career can afford to make repayments whilst they find their feet.  But those who find the right place straight away are free to make larger repayments, which can lower the amount they have to pay in the long run. In addition, all borrowers with us make small monthly maintenance repayments during their studies which helps reduce the balance of the outstanding loan whilst helping to build a stronger credit rating. These payments are based on the total loan amount and are capped at £75, although the average is between [£20-30] per month.

Always remember to borrow only the money you need! Late repayments can affect your creditworthiness rating. For help, go to moneyadviceservice.org.uk


If you have any queries in regards to our loans, you can visit our FAQ section, contact us at hello@futurefinance.com or by calling 020 3743 8700