Is Erudio Student Loans Worth It?

When it comes to funding your education, there are many options available to students. One of these options is taking out a student loan, and one company that offers student loans is Erudio. But is Erudio student loans worth it? This article will take a closer look at the company and its loan products to help you decide if it’s the right choice for you.

What is Erudio Student Loans?

erudio student loans

Erudio is a student loan provider that offers loans to students in the United Kingdom. The company was founded in 2013 and is based in London. They offer a variety of loan products, including undergraduate loans, postgraduate loans, and parent loans. Erudio also offers a loan consolidation program for students who have multiple loans from different lenders.

What Are the Terms and Conditions of Erudio Student Loans?

Erudio offers a range of loan products with different terms and conditions. The terms of the loan will depend on the type of loan and the borrower’s creditworthiness. Generally, however, Erudio loans have a fixed interest rate and a repayment period of up to 30 years.

For undergraduate loans, the interest rate is typically between 3.3% and 4.5%, and the loan amount can be up to £40,000. For postgraduate loans, the interest rate is typically between 4.5% and 5.5%, and the loan amount can be up to £20,000. For parent loans, the interest rate is typically between 4.5% and 5.5%, and the loan amount can be up to £40,000.

One of the key features of Erudio student loans is that they are based on income-contingent repayment (ICR). This means that your loan payments will be based on your income, and if your income is below a certain threshold, you will not have to make any payments. Once your income exceeds the threshold, you will start making payments, and the amount you pay will depend on your income.

What Are the Pros and Cons of Erudio Student Loans?

Like any loan product, Erudio student loans have their pros and cons. Some of the pros include:

  • Income-contingent repayment: As mentioned above, the ICR system is a key feature of Erudio student loans. This means that you will only have to make loan payments if you can afford to, which can be a major advantage for many students.
  • Low-interest rates: Erudio’s interest rates are generally lower than other student loan providers in the UK.
  • Long repayment period: Erudio’s loans have a repayment period of up to 30 years, which is longer than many other student loan providers.

Some of the cons include:

  • Limited loan amount: The maximum loan amount for Erudio loans is relatively low compared to other student loan providers.
  • Not available to all students: Erudio student loans are only available to students in the United Kingdom, which means that international students are not eligible.
  • Income-contingent repayment: While the ICR system can be a pro, it can also be a con. This is because if your income is low, you will not have to make loan payments, but if your income is high, your loan payments will be higher.

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Erudio Student Loans Deferment

For deferment-related issues and quires please visit:

Erudio Student Loans Contact Information:

Erudio Student loans Address: c/o Wilmington Trust Sp Services (London) Limited, Third Floor, 1King’s Arms Yard, London EC2R 7AF.

Post: Erudio Student Loans Ltd, PO Box 1055, Camberley, GU15 9PA 

Erudio Student Loans Phone Number: UK customers: 0333 003 7188 | Overseas customers: (+44) 141 278 6114

Email: [email protected]

Opening Hours: Monday to Friday – 8.30 am to 6 pm | Saturday – 9 am to 1 pm [closed Sundays and public holidays]



In conclusion, Erudio student loans can be a good option for students in the United Kingdom who are looking for a loan with low-interest rates and a long repayment period. However, it’s important to consider the limited loan amount and the income-contingent repayment system before making a decision. It is also worth noting that Erudio loans are not available to international students. Ultimately, the decision to take out a loan, and which one to choose, should be based on your individual financial situation and needs. It’s always a good idea to shop around and compare different loan options before making a final decision.

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