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Can I take an education loan for the remaining amount after using my fixed deposit in Ireland?

02 Jul 2026 · Answered by Rakshitha Muthukumar · 1 min read
Rakshitha Muthukumar
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Yes, you can take an education loan to cover the remaining expenses after using your fixed deposit for your studies in Ireland.

- The loan can bridge the gap between your fixed deposit and your total costs, including tuition and living expenses.
- You can use your fixed deposit as collateral, which may help you get better loan terms such as lower interest rates.
- Repayment usually starts after a moratorium period (course duration plus 6 - 12 months).

If you need help with the loan process or documentation, your LeapScholar counsellor can guide you through the next steps.

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