Pursuing higher education is a significant investment, and for many students, a loan is a common way to finance their studies. Education loans cover tuition fees, extracurricular expenses, and living expenses, thereby making it easier for students to pursue their dream courses without compromising.
Here are the top 5 options for student loans in the UAE:
Number 5
RAKBANK
RAKBANK provides education loans for tuition fees, living expenses, and other educational expenses for a vast array of courses within the UAE or overseas. Moreover, the bank offers a simple application process and flexible repayment options to reduce the loan burden on students.
Number 4
Mashreq Bank
Mashreq Bank offers educational loans with flexible repayment periods, competitive interest rates, and customized solutions to finance both local and international courses.
Number 3
Dubai Islamic Bank
Dubai Islamic Bank offers a Shari’a-compliant student loan with zero processing fees and competitive interest rates. The bank’s student loan finances education expenses within the UAE or overseas and offers flexible repayment schedules.
Number 2
Abu Dhabi Commercial Bank (ADCB)
ADCB provides student loan financing to cover tuition fees, living expenses, and other educational expenses for a vast array of courses locally and internationally. Additionally, the bank offers flexible repayment options, and competitive interest rates keep the loan financially manageable.
Number 1
Emirates NBD
Emirates NBD offers educational loans that finance 100% of tuition fees and living expenses for academic courses at selected universities and colleges. The bank offers competitive interest rates and flexible repayment options to cater to students’ needs.
When comparing student loan options in the UAE, it’s essential to consider factors such as interest rates, different repayment options, and other loan terms and conditions.
In conclusion, these are the top 5 options for student loans in the UAE. Before applying for a student loan or any financial product, always do thorough research and choose a solution that fits your financial situation and academic needs.
Is there student loan in UAE?
Pursuing higher education is a significant investment, and for many students, a loan is a common way to finance their studies. Education loans cover tuition fees, extracurricular expenses, and living expenses, thereby making it easier for students to pursue their dream courses without compromising.
Here are the top 3 options for student loans in the UAE:
3: Dubai Islamic Bank
2: Abu Dhabi Commercial Bank
1: Emirates NBD
Does Dubai have student loans?
Pursuing higher education is a significant investment, and for many students, a loan is a common way to finance their studies. Education loans cover tuition fees, extracurricular expenses, and living expenses, thereby making it easier for students to pursue their dream courses without compromising.
Here are the top 3 options for student loans in the Dubai:
3: Dubai Islamic Bank
2: Abu Dhabi Commercial Bank
1: Emirates NBD
Who is eligible for loan in UAE?
Unless going for student loan, You must be a UAE national or an expatriate resident aged between 21 and 65 years, earning a minimum monthly income of AED 10,000.
What credit score is needed for student loan in UAE?
700
Are you looking for student loans in the UAE? It’s important to note that most banks and financial institutions prefer a credit score of 700 or higher. If your score falls below this threshold, it’s a good idea to take steps to improve it before applying for a loan. Find out more about student loans in the UAE with our comprehensive guide.