Dreaming of studying in Ireland?
But does your financial situation worries you? Don’t worry! We are here to help!
With high-quality education, culture and various career opportunities, it is no surprise that Ireland has become a favorite among international students. On the other hand, funding your studies in another country can be quite stressful.
Thankfully, Global IME Bank offers specialized education loans, enabling Nepali students to turn their aspirations into reality.
The Financial Barrier of Studying Abroad from Nepal
While the benefits of studying Abroad are undeniable, the associated costs can be significant. However, the expenses involved can be quite high and a headache for most of us Nepali students. The average cost of tuition for the international students for undergraduate level is in the range of € 10,000 to € 35,000 and for postgraduate level is € 9150 to € 37000 per year, depending on the course of study. Also, living costs including accommodation, food, and transportation may range from about € 7,000 to € 12,000 annually.
For many families in Nepal, these costs can be financially challenging. But with proper planning and the right financial support, these hurdles can be overcome.
How Global IME Bank is helping you on your Study in Ireland Journey?
Global IME Bank understands the financial complications that come with studying abroad for Nepali students. It provides education loans specifically designed for the needs of aspiring Nepali students so that monetary limitations can’t be a barrier for their academic pursuits and subsequent ambitions.
Key Features of Global IME Bank’s Education Loan
For aspiring Nepali students, especially those who want to study in Ireland, Global IME Bank’s education loan offers a number of advantages. Let’s take a closer look at the characteristics that set their loan service apart.
Attractive Interest Rates
Global IME Bank has very competitive interest rates making it less burdensome to the students and families.
Flexible Repayment Plans
Choose repayment plans that align with your post-graduation financial situation. The flexibility in tenure ensures that repayments don’t become overwhelming.
Minimal Documentation
The loan process is streamlined, requiring only essential documents such as proof of admission, financial statements, and identification.
Quick Approval
Time is of the essence when preparing for an academic journey abroad. The bank’s fast processing ensures timely disbursement of funds, helping you meet deadlines for tuition payments and other expenses.
Dedicated Support Team
Global IME Bank provides personalized assistance, helping you navigate through the loan application and repayment process with ease.
Eligibility Criteria for Education Loan
Age: Nepali citizens aged 18 to 70 at the loan’s maturity.
Joint Borrowers: Parents are the primary borrowers, with the student as a joint borrower.
Educational Pursuit: Financing for students pursuing education abroad or within Nepal for studies above +2 level.
Income Requirements: EMI/EQI should not exceed 50% of gross income or 80% of uncommitted income. You can check your EMI here.
Documents Required for Education Loan
The following are the documents required to get the education loan for study in Ireland from Global IME Bank:
Loan Application Form: Fill out the complete loan application form.
Income Proof: Salary certificate, contract agreement, rent contract, audited financial statements, or self-declared income.
Personal Identification: Citizenship certificates, passport and visa copies along with passport size photos.
Academic Records: Academic records and admission letters.
Income Proof: Salary certificate, contract agreement, rent contract, audited financial statements, or self-declared income.
Property and Financial Documents: Ownership certificates, blueprints, salary certificates, and coheir letters to secure the loan.
Loan Application Process
Initial Consultation: Visit a Global IME Bank branch to discuss loan options and eligibility.
Submit Application: Provide the necessary documents and complete the application form.
Approval and Disbursement: Upon approval, funds will be disbursed directly to your university or as per your requirements.
Conclusion
Wanting to study abroad and not having enough financial support can be frustrating. Studying Abroad can be a life-changing experience. And this is no longer hindered by any financial barriers, thanks to the educational loan facility provided by Global IME Bank. Take the first step toward realizing your dream of studying abroad and unlocking a world of opportunities. Best wishes!
