What is the preferred mode of financing studies (loan, savings, or both) in UAE?
Both education loans and personal savings are commonly used to finance studies in the UAE. Most students use a combination of these options to cover tuition, accommodation, and other expenses.
- Education loans from Indian banks (public and private) can cover major costs. Interest rates and terms are subject to change.
- Personal savings help reduce loan amounts and interest, but may not cover all expenses.
- Scholarships from UAE universities or Indian organizations can also offset costs, but are competitive.
Given your strong work experience and salary, you may qualify for higher loan amounts with better terms. For tailored advice on your financing options, connect with your LeapScholar counsellor.
More expert answers
You can finance your studies in the UAE through personal savings, education loans, or a mix of both.
- Personal savings: Using your own funds means no debt or interest, but you’ll need to ensure your savings cover tuition, living expenses, travel, and insurance.
- Education loans: Indian banks and NBFCs offer loans for studying abroad, including the UAE. Loans may cover tuition and living costs, often require a co-applicant, and interest rates typically range from 8.5% to 13%/year. Repayment usually starts 6 - 12 months after graduation.
- Combination: Many students use both savings and a loan to manage costs and reduce the overall loan burden.
What will studying in UAE actually cost you?
Tuition, living costs and loan options in one clear plan you can show your parents.
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