Are there loan options available for studying abroad in UAE?
Yes, Indian students have education loan options for studying in the UAE. Most major Indian banks and financial institutions offer loans for overseas education, including UAE universities.
- Secured loans (with collateral) usually offer higher amounts and lower interest rates.
- Unsecured loans (without collateral) are based on co-applicant income and university profile, but may have higher interest rates.
- Loans can cover tuition, accommodation, travel, and related expenses.
- Repayment typically starts after the course, with a moratorium period included.
- Tax benefits on loan interest are available under Section 80E (subject to change).
If you need help choosing or applying for a loan, connect with your LeapScholar counsellor for personalized guidance.
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