Which is the best and most affordable college for a Masters in Management in the UK?How can I apply there?What will be the estimated budget?

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Master in Management is very popular nowadays, isn't it? Like I've seen students opting for MIM programs instead of an MBA even with work experience. Maybe it's because MIM degrees can be completed very early and it doesn't cost much. Your choice of destination as the UK is literally the best. Out of all the education countries, the UK has the best MIM programs and universities.
For the best and most affordable college for a MIM in the UK, I suggest Teesside University. This university in Middlesbrough, England is super nice and has a good reputation. Their MIM program costs around 10 lakhs in total and is very affordable. Students like this university because of the cost, location and the university facilities. One better option is the University of Bath School of Management (their MIM tuition is 18 lakhs, though).
To apply to a UK based university you will need a few standard things. First of all, an undergrad degree from a recognized university. After that, your school reports and transcripts are necessary with your other documents. However, the most important thing is standardized test docs like GR/GMAT and language tests. I would recommend going for the GMAT instead of the GRE. Because GMAT is more related to business courses. For a language test, go with IELTS.
Your total estimated budget depends on which university you choose. For example, if you apply to Teesside University, your fee would be around 10 lakh as mentioned. Plus, the living expenses there can depend on your choice of lifestyle. It could be anywhere near 8-10 lakhs for the complete year there. You can cut your costs by tweaking your living experience in the UK.
All in all, I would suggest a total of 20 lakhs budget just to be sure. Because other than tuition and living expenses, there are a lot more things to consider. For example, flight tickets, study materials, examination fees, entertainment etc. Let me know if this helped and if you need any other information from my end.