Studying in UAE can be a dream for many students but sometimes they stop pursuing their dreams when they realize that they aren’t able to afford it. But do you know International Students Loan in UAE can help you to fund your education as long as you want it? It’s because it is difficult for international students to pay for their education, especially when they have to arrange the fees on their own. So, here’s how you can make your dreams possible through student loans.
International Student Loans are the private education funds you can get by the professional lenders when you apply for your education in the registered college or universities in the UAE. You’ll need this loan when you don’t have enough money to invest in your education nor any support from your family. There are many expatriates in UAE who are taking their education through these loans. Secondly, studying in the UAE is a bit cheaper than studying in the USA or Canada without compromising the quality of education. Here, at assignmenthelpuae.ae we encourage students for the international loan programs to fund their education and reach their desired goal. After getting an approved loan, you can spend the money on education-related expenses such as books, tuition fees, school fees, accommodation, and even your living costs.
There are two ways to apply for a loan in the UAE. First is through the UAE banks and second is through the UAE universities. Find below the names of the banks who can help you with your international student loan.
ADIB provides loans to parents who don’t have enough resources to fund their children’s education. They can lend you an amount up to AED 250,000 if you earn a minimum of AED 8,000 per month. If you qualify for their loan program, you can return the fees in installments which is up to 48 months.
If you’re a UAE national or resident expatriate and earn a minimum salary of up to AED 5,000 per month, you can get a loan up to AED 500,000. UNB is known for offering the biggest educational loan as compared to other banks in the country.
You can also get a student loan through Mashreq Bank if you’re a UAE national or have an expatriates residence. You can avail the loan up to AED 200,000 and can return it within 48 months. The loan process is simple and you only need to have an earning of AED 7,000 to become eligible for this loan program.
Similarly, you can also opt for First Abu Dhabi Bank, SimplyLife and Abu Dhabi commercial bank if you’re looking to have financial support for your education. Their loan programs are meant to make your education affordable.
Similar to the banks, the universities in the UAE also provide various opportunities to make your education possible so you can opt for it as well. To apply for the university loan program, you should be a regular university student, should hold a valid student visa, satisfy the eligibility criteria of earnings and should have a personal bank account. After all these, the universities below can support you in your education.
The university has a separate department for non-Emirati students which assist them in visa related matters, financial matters, and educational issues. So, to get your financial aid, you can seek help from this department and continue your education.
Like the UAEU, they also offer a financial aid program where the students can get up to a 40% discount if they fulfill their eligibility criteria. Apart from this, they also provide opportunities to earn part-time so students can support their education themselves.
The American University in UAE is also a great option to get your education funded. It also helps you in getting the loan through banks and also the scholarship program.
Although the process seems simple in words, it’s important to satisfy the eligibility criteria of universities and banks because they need your job security at first. Once you win the criteria, you’ll be able to lend funds through the program.