Studying abroad opens up great opportunities for students to discover new cultures, get a top-notch degree, and get ready for the global job market. Dubai has become one of the well-visited places for many Nepali students across the world due to its diverse culture, top class universities and high employment opportunities in a flourishing economy as its an international lifestyle place. Nevertheless, the cost of pursuing an international education can prove challenging for many people. Global IME Bank’s Education Loan aims to be this solution, by providing students with the funds that play a key role in fulfilling their dream of studying in Dubai. This blog explores how Global IME Bank education loans can help students to meet their dreams of studying abroad.
Dubai: Emerging Place for Nepali Students.
Dubai is one of the busiest and most innovative cities in the UAE, preferred by Nepalese students because of the excellent institutions and infrastructural facilities. The followings show why studying in Dubai will be one of the wisest decisions:
High-Quality Education:
In recent days, the world’s top universities of UK, USA, Australia have opened their branches in Dubai which allows students to have top notch education from several universities.
Nearest Location:
From Nepal, Nepali students can travel to Dubai in around 4 to 5 hours which makes it the best and nearest location to obtain foreign degrees from a world class university.
Safety and Stability:
For studying people choose the place that is safe and secured. Nepali students are very much attracted to pursue their higher study in dubai as it is one of the safest places to start their study abroad.
Employment Opportunities:
People look for better employment after the completion of study. As Dubai’s economy is rising, it creates numerous job opportunities allowing Nepali students to safely land internships and jobs.
Scholarship Opportunities:
Universities in Dubai host various scholarship and assistantship programs for students. This can significantly reduce the financial burden from their head making it easier to study.
Cultural Diversity:
With citizens from over 200 nationalities, Dubai is providing students a multicultural learning environment. It allows students to experience each other’s culture and learn about them.
Understanding the Cost of Studying in Dubai
Dubai offers academic excellence at all levels, but the high cost of living and learning throws many students off. The university is the determining factor for the differences in study costs. The tuition fee in Dubai ranges from $10,000 to $30,000 per year and Along with that there are several costs attached with it like living, fooding and transportation that can cost an individual merely $8,000 to $15,000 yearly. Although these costs appear to be excessive, Global IME Bank education loans for students to study in Dubai make a student’s dream of education possible even without the money.
Introducing Global IME Bank’s Education Loan
Global IME Bank, one of Nepal’s leading commercial banks allows students to take student loans helping them achieve their abroad academic dreams. The loan is designed to cover the tuition fee and living expense of the student. They can disburse any amount of loan they have taken. With competitive interest rates, adjustable repayment options and simple application process help people attain peace of mind during the loan process.
Reasons for Selecting Global IME Bank for Your Study Abroad Experience
Global IME Bank provides an education loan with numerous features for students who wish to pursue their studies in Dubai. Below are some of the primary advantages.
High Loan Amount:
The loan covers up to 100% of tuition fees which will ensure students don’t have to compromise on their educational goals.
Flexible Repayment Options:
Among a variety of repayment plans, including interest-only payments, students can choose plans that are best for them.
Competitive Interest Rates:
The bank offers reasonable interest rates, making the loan more affordable and accessible.
No Hidden Charges:
Transparent fees and clear terms prevent unexpected costs down the line.
Eligibility Criteria for Education Loan
Age: Must be 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.
Documents Required for Education Loan
The following are the documents required to get the education loan for study in Dubai from Global IME Bank:
Loan Application Form: Fill complete loan application form.
Proof of Income : 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.
Property and Financial Documents: Ownership certificates, blueprints, salary certificates, and coheir letters to secure the loan.
Conclusion
For many students, studying in Dubai is the best opportunity for their academic growth. Some students in Nepal may find it challenging to finance their dream. Thankfully, Global IME Bank provides education loans that enable students to overcome financial barriers and fully commit themselves to their studies. For those students who wish to study in Dubai, the loan is an ideal option–it offers flexible options, very low interest rates that can be comfortably paid off and comprehensive coverage Global IME Bank can help you fulfill your goal of going to college in Dubai.
