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Education Loan For Study in Dubai (UAE)

Education Loan For Study in Dubai (UAE)

While many still choose the UK or US for higher education, the Economic Times reported that between 2021 and 2022, around 1.65 lakh Indian students chose Dubai to pursue their academic goals.

With renowned universities and a wide range of excellent courses, the UAE has become a promising location for higher studies. However, the high living costs and expensive tuition fees can make it challenging for students. The good news is that an education loan for studying in Dubai can bridge this gap.

This article will discuss top universities, popular courses, living costs, and how an education loan can help you achieve your educational goals in Dubai.

What are the top universities in Dubai?

Dubai is home to some of the best universities in the world, known for their strong academics and global reputation. Here are some of the top universities in Dubai:

1. American University in Dubai (AUD)

AUD is one of the top universities in Dubai. It is well-known for its programs in business, engineering, and communication. The university is accredited both in Dubai and the United States, ensuring a high standard of education.

2. University of Dubai

The University of Dubai is known for its focus on business, finance, and IT education. It works closely with the Dubai Chamber of Commerce, giving students important industry connections and real-world experience. The university focuses on practical learning through internships and projects, helping students gain the skills they need to succeed in the job market.

3. British University in Dubai (BUiD)

BUiD offers postgraduate programs based on the British education system. It partners with leading UK universities like the University of Edinburgh and the University of Manchester. The university focuses on research and innovation in areas like engineering, business, and education.

What are the popular courses offered in Dubai Universities?

Dubai offers many courses designed to meet the needs of the evolving industry. Some of the popular courses offered by top universities include:

1. Business Management

2. Engineering Courses in fields like civil, mechanical, and electrical engineering.

3. Computer Science and Information Technology

4. Tourism and Hospitality Management

5. Architecture and Design courses

How can an education loan for Dubai help?

While Dubai offers top-class education and excellent infrastructure, the city’s cost of living and tuition fees are extremely high. For example, the average monthly rent for a studio apartment is around INR 90.5K, while a three-room apartment in an outlying area costs about INR 1.92 lakh. Grocery expenses vary depending on where you shop; at Spinneys, it may cost around INR 5000 per month.

These are just the basic expenses. Tuition fees are also significantly higher. At reputable institutions, undergraduate tuition fees typically range from AED 45,000 to AED 100,000 per year, while postgraduate programs can cost between AED 55,000 and AED 150,000 annually.

Given the high expenses in Dubai, the best way to cover these costs is to apply for an education loan. These loans are designed to cover both education and living expenses so that you can pursue your educational goals without financial worries.

What are the benefits of applying for a student loan for Dubai?

There are several advantages of applying for an education loan for Dubai-

– These loans offer a high loan amount, up to INR 2 crore.

– It covers all expenses, including tuition fees, living expenses, and other costs like purchasing books and a laptop.

– The loan has a long repayment tenure of up to 13 years, making it easier to repay comfortably.

– Some financial institutions allow you to start repayment after completing your education. This flexibility allows you to focus on your studies without immediate financial pressure.

– You don’t need to provide any collateral or security to avail of an education loan for studying in Dubai, up to INR 75 lakhs.

How to apply for an education loan to study in the UAE?

Follow the steps below to apply for a student loan for UAE-

1. Visit the lender’s website.
2. Fill in the application form for an education loan.

3. Submit the required documents, like ID proof and academic and financial documents.

4. Await verification.

5. The lender will verify the submitted application and documents.

Once approved, the sanction loan amount will be disbursed into your account.

In summary

Studying in Dubai offers top-quality education and global exposure, but the high costs can be a challenge. With an education loan for study in the UAE, you can ease these financial worries and focus on your studies.

At Tata Capital, we offer flexible and affordable study loans designed to suit your needs, helping you achieve your dream of studying in the UAE. To know more, visit the Tata Capital website or download our app today.

Add wings to your dream. Apply for an Education loan!

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