Who can be the guarantor for my educational loan in UK/UAE?
A guarantor for your educational loan is usually required by lenders in both the UK and UAE. The specific eligibility depends on the country and lender:
- UK: The guarantor is typically a UK resident, at least 21 years old, with a good credit history and a separate bank account. Parents or close family members are most common.
- UAE: The guarantor must be a UAE national or resident with a valid Emirates ID, steady income, and good credit history. Some lenders may set a minimum income requirement.
The guarantor should be someone you trust, as they are legally responsible for repayment if you default.
Will you qualify for a UAE education loan?
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