Education is the foundation and fundamental requirement. Because of education, one can attain desired career, higher income. Many times it becomes difficult for students to have funds for a college education. Makes an education unaffordable.
Apart from school/college scholarship, Few financing options left for students to pay tuition fees.
For expatriate students, it is necessary for them to avail education loan to avoid family finances. Education loans are mainly utilized to pay school/university fees.
In UAE, many banks are providing personal loan for all kinds of purposes, while few banks have specialized product for education purpose.
Benefits of Education Loan: Financial planning: No need for family finance. No disturbance in existing financial plan.