Education Loan for Dubai

✓ Up to 1.5 Cr Education Loan

✓ At a starting interest rate of 8.55% p.a.

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For your study in Dubai, an education loan may be able to provide up to 1.5 Crores at a rate of interest starting from 8.55% per year. You can obtain loans for Dubai that are both secured and unsecured. 

Unsecured or without collateral education loan for Dubai

For higher education in Dubai, you are eligible for a loan of up to 40 Lacs with a 10-year repayment period. Unsecured loans are typically obtained from private banks or NBFCs and require full or partial simple interest payments over the repayment holiday.



Loan Limit

Up to 40 Lacs

Expenses covered

Tuition fees, Hostel fees, Cost of textbooks, Cost of Uniforms, Library fees

Eligible courses

Master’s, MBA, Bachelor, Doctorate (Ph.D.), professional and vocational courses 

Interest rate

Begins from 11%

Moratorium Period

The total duration of the course + 1 year

Repayment Duration

Upto 10 years including the period of moratorium 

Repayment policies

During the moratorium period, simple/ partial simple interest is to be paid. 

Eligibility Criteria

The student:

    • Must be an Indian national 
    • Must be 18 years or older  
    • Must have received their admission through a merit-based examination. 


Tip: Having a good financial co-applicant can help you get the most out of your unsecured loan. Also, try to aim for the top universities in Dubai as it increases your academic credibility.

Top Banks that offer Unsecured Education Loans for Dubai

  • Incred
  • Avanse
  • Axis bank
  • Auxilo 
  • IDFC First bank 
  • HDFC Credila
  • Elite scholars
  • ICICI bank
Get the information you need to make informed financial decisions about your education with us.

How to get an unsecured student loan for Dubai?

Step 1: Request a callback from our financial officers by visiting our website. 

Step 2: You will get a call from one of our financial officers who will ask for your basic details to analyze your profile and check your eligibility for an unsecured education loan. 

Step 3: After the analysis of your profile the financial officer will provide you with a list of lenders you are eligible to get an unsecured education loan. 

Step 4: Choose a lender from the provided list of lenders, The financial officer will provide you with a checklist of documents. 

Step 5: Upload all the documents mentioned in the checklist on the WMS-secured document portal. 

Step 6: Immediately after you submit the documents your profile will be logged in and the result of your unsecured education loan application will be told to you within 2-6 days. 

Step 7: You will then receive your sanction letter after which you’ll have to sign the loan agreement.

Issues faced by students when approaching the banks directly for an unsecured loan

  • Alternative unsecured student loan options are not looked at when a lender is contacted directly.
  • There is no comparison of all potential lenders provided to the student.
  • Generally, students feel very lost about the entire loan education process when they approach the lenders directly as the process is not explained clearly. 
  • Post-sanction help is not provided to the student post- sanction.

Benefits of going through WeMakeScholars for an Unsecured Education Loan

These are a few of the benefits you will get when you process your unsecured education loan with us

● Automatic 0.5% reduction in ROI: You instantly receive a 0.5% ROI reduction on your unsecured education loan since WeMakeScholars is an initiative financed and supported by the Ministry of IT, Government of India, under the Digital India scheme.

● Negotiation: In addition to the 0.5% decrease, we can try to further lower the ROI by negotiating a reduction of up to 2%, depending on your profile and the university. In several instances, the interest rate was negotiated down from 14% to 12%.

● Cashback: You will receive a cashback of Rs. 3000 as a token of appreciation for supporting the Digital India initiative after your loan has been disbursed.

● Profile Analysis: You will receive a cashback of Rs. 3000 as a token of appreciation for supporting the Digital India initiative after your loan has been disbursed.

Documents required for an education loan without collateral for Dubai

Below provided are the documents required to acquire an unsecured education loan for Seeking higher education in Dubai



Basic documents

1. Education Loan form provided by WeMakeScholars FO 
2. PAN card and passport as identity proof
3. Any of the following as Address Proof:

- Voter ID Card
- Telephone Bill
- Passport
- Aadhar card 
- Electricity Bill
- Bank account statement 

Note: If the current address and the permanent address of the student are not the same, two different address proofs are required. 

4. Bank account statement (6 months) of the co-signer (personal or salary)

If the co-signer is, 


1 yr business transactions


1 year of salary credits 

5. Liability and Personal Asset statement. 
All the documents should be self-attested.

Applicant academic documents

1. 10th, 12th & degree marksheets 

2. Proof of admission into the university/institution 

3. The cost structure of the course 

4. Scorecard of GRE, GMAT, or IELTS  

5. University ranking printout forms

Financial Co-applicant Income documents

If Salaried:

1. Salary slips for 3 consecutive months 

2. Form 16 from the last 2 years 

3. Employer’s ID card  

4. ITR filed for the previous 2 years  

If Self-employed:

1.  Filed ITRs of the previous 3 years 

2.  P & L account and balance sheet of last 3 years 

3. Address proof of the business

Other Documents

A letter confirming that any extra charges not being covered by the loan would be borne by the co-applicant. 

Additional docs

 1. Any remaining loan statements from the preceding year.

2. An invoice for expenses such as travel, laptop, etc has to be brought if a loan is being asked for it. 

3. Receipt for any transactions made in advance.

4. Letter explaining the gap. Sample- on Rs. 100 stamp paper. 

5. If relevant, a letter explaining the lack of a co-applicant Income tax return

By considering your individual profile and your requirements for the loan, we create a tailored document checklist that helps you save time and avoid enrollment process issues or delays.

Simplify your enrollment process and avoid potential delays - request your custom document list from us now.

Repayment Plan for Unsecured Student Loans in Dubai

An unsecured school loan has an interest rate that starts at about 11%, and as is common knowledge, the full simple interest rate is charged throughout the moratorium period for the majority of unsecured loans. In light of these requirements, your EMI payment plan would look something like the one below.

Loan amount: 23,50,000

Rate of Interest: 11.5%

Repayment tenure: 10 Years

Grace period: 6 months 

Repayment cycle


Interest portion

Principal portion

Loan Outstanding

End of 1st year





End of 2nd year





End of 3rd year





End of 4th year





End of 5th year





End of 6th year





End of 7th year





End of 8th year





End of 9th year





End of 10th year






Our goal is to ensure that the loan disbursement process is as smooth and stress-free as possible so that you can focus on your studies without worrying about financial matters.

Secured or without collateral education loan for Dubai

You can receive funding of upto 1.5 Crores at an interest rate of 10.25% for your academic expenses by going through secured loans, which are mostly offered by public banks, you don’t have to pay any interest during the moratorium period



Loan Limit

Upto 1.5 crores

Expenses covered

Tuition fees, Accommodation charges, Cost of books, uniforms, Laboratory, and Library fees 

Eligible courses

MBA, Master’s, Bachelor, Ph.D., professional and vocational courses 

Interest rate

Starts at 10.25% 

Moratorium Period

The total duration of the course + is 6 months extendable upto 1 year

Repayment Duration

Up to 15 years 

Repayment policies

Payment of interest during the moratorium period is not mandatory 

Eligibility Criteria

    • Applicant should be a citizen of India 
    • Applicant should be 18 or older 
    • Should have received admission through qualifying for the required entrance exam

Types of Collateral

Immovable property: House, Flat, Non- agricultural land 

Liquid security: Fixed deposit, Government bonds, LIC policies 

Value of collateral (In case of a collateralized loan)

- 1.25 times the loan amount in case of immovable property  
 - 1.1 times the loan amount in case of liquid security

Banks that offer secured education loans for Dubai

  • State Bank of India 
  • Bank of Baroda 
  • Karur Vysya Bank 
  • IDFC Bank 
  • Axis Bank
  • ICICI Bank
  • IDFC Bank
  • HDFC Credila 
  • Incred 
  • Avanse 
  • Auxilo

How to get a Secured education loan for Dubai?

Step 1: Start your education loan process by requesting a callback from us.

Step 2: You will shortly receive a call from one of our financial officers who will enquire about your basic details and send you the common application form

Step 3: Based on the details provided by you, the financial officer will analyze your profile and give you a comparison of all the lenders you can get a loan from. 

Step 4: After you pick a lender to process your loan from, you will be given a checklist of documents, according to which you need to submit the documents to the bank branch nearest to you. 

Step 5: Your loan application result will be told to you within 15-20 days. 

Step 6: After which, you need to sign the loan agreement and receive your sanction letter. 

Issues faced by students when approaching the banks directly for a secured loan 

- The average sanction time for an education loan in public banks is around 2 months.
- As most public banks are still not very technologically advanced most of the paperwork has to be done manually. 
- Students end up taking numerous trips around the bank as there is no checklist of documents provided. 
- Public banks usually face difficulties when they have to deal with a multi-city case as they do not have the proper expertise to handle it. 

Benefits of going through WeMakeScholars for a secured education loan

All the services provided by us at WeMakeScholars are completely free of cost as we are an initiative that is funded by the Ministry of IT under the Digital India scheme.

  • Convenient Process: When you apply for a secured education loan through WeMakeScholars, you can finish the entire process from the comfort of your home, from filling out the application form to receiving your letter of sanction.
  • Lesser processing time: We shorten the processing period for your student loan from two months to just 20 working days.
    Expertise: No matter how complex the case may seem, with the experience of handling thousands of instances on a daily basis, we are certain to find a solution.
  • Multi-city cases: Multi-city cases are those in which the present address and the permanent address are different. These instances are typically turned down by banks. But if it applies to you, don't worry. We have dealt with several issues involving multiple cities.
Take advantage of our expertise and knowledge - apply through WeMakeScholars and get the help you need to fund your education.

Documents required for an education loan with collateral for Dubai

In order to avail of a secured student loan you need to have all the applicant and co-applicant documents previously mentioned and the following property documents.

1. Title deed of the property 

2. Registered Gift Deed, the sale agreement, or Will

3. The original receipt of registration for the above-mentioned agreement

4. Allotment letter by the municipal corporation or authorized government authority like MHADA, GIDC, HUDA, JDA, CIDCO, DDA, etc 

5. 30 Years' worth of link documents, or past chain or past chain of sale deed establishing title or EC is necessary. (If you’ve owned the property for more than 30 years, then only the previous sale deed is required.)

6. The newest property tax bill and electricity bill with the same address.

7. Plot layout or building plan approved by the municipality.

Each city has its own list of document requirements. To know more about the city-specific documents required for a collateralized loan contact us by requesting a callback from the WMS team.

The Repayment plan for Secured education loans in Dubai

Considering that the interest rate for secured loans starts at 8.55% and that you are given an option to not pay anything during the moratorium period the following Amortization table has been made. 

Loan amount: 62,50,000

Rate of Interest: 9%

Repayment tenure: 15 years

Repayment cycle


Interest portion

Principal portion

Loan Outstanding

End of 1st year





End of 2nd year





End of 3rd year





End of 4th year





End of 5th year





End of 6th year





End of 7th year





End of 8th year





End of 9th year





End of 10th year





End of 11th year





End of 12th year





End of 13th year





End of 14th year





End of 15th year





At WeMakeScholars, our dedication is to offer complete and dependable services to students, and we aim to simplify the loan application process by providing post-sanction assistance.

Allow our post-sanction assistance to handle the complexities of your education loan disbursement.

Expenses covered for education loans in Dubai

Generally, an education loan for Dubai covers these expenses  

  • Tuition fee
  • Caution fee
  • Cost of accommodation 
  • Library fee
  • Laboratory fee
  • Miscellaneous expenses 
  • Cost of uniform
  • Equipment cost

Scholarships for studying in Dubai

Mentioned below are the scholarships you can avail of for studying in Dubai and the coverage provided by the said scholarship.

Name of the scholarship

Coverage offered by the scholarship

HH Sheikh Hamdan scholarship 

100% tuition fee + other academic expenses 

Zayed university undergraduate Merit Scholarship 

Upto 50% of tuition fee

Master Research Teaching Scholarship (MRTS)

  Upto 4000 AED

Scholarships for undergraduate programs at BITS Pilani, Dubai

Depending on various factors up to 100% of the tuition fee is covered 

SP Jain Center of SPG management Global MBA program 

Only the tuition fee is covered 

2022 Masdar Institute fully funded master scholarships

100% of the tuition fee is offered + other academic expenses 


Don't compromise on your education - apply with us for a low-cost education loan and reach your potential.

Special Education Loan Schemes for Dubai

Education loan for MS in Dubai

Universities in Dubai offer master’s in various disciplines of science and humanities. Trying for a secured education loan for Dubai might be a better option considering that you will get a higher amount with a secured loan than an unsecured loan in the case of a master’s in Dubai.

Education loan for MBA in Dubai

Since you would receive a larger sum with a secured loan than that of an unsecured loan in the instance of an MBA in Dubai is a better option, applying for a secured education loan for Dubai may be a better alternative.

Universities recognized for Education loans in Dubai

Each bank has a list of colleges and institutions that qualify for certain loan packages. There are several institutions from Dubai on the list. By requesting a callback from WeMakeScholars, you can speak with our financial officers to find out if your university is included in any of these lists.

Education Loan FAQs

  • Can I receive a 20 lakh loan for my education abroad?

    Yes, you can receive upto 1.5 crores by going for a secured education loan and around 25 Lakhs by going for an unsecured education loan for Dubai

  • Is a 100% student loan possible?

    Yes, you can receive a loan with a 0% loan margin depending on the university you are aiming for, the course you wish to pursue, and your previous academics.

  • Are student loans interest-free?

    No, student loans cannot be interest-free. Usually, you will be charged an interest of around 8.5% to 13.5% for an education loan depending on if it is a secured or an unsecured loan.

  • Can I obtain a student loan without my parents' ITR?

    By going for a secured loan you can obtain an education loan without an ITR, you would only need to provide an income certificate in that case.

  • Does the student loan cover the cost of the dorm?

    Yes, student loan covers Tuition fees, Cost of accomodation, funds required for textbooks and uniforms, and other academic expenses.


IIT Delhi to Establish Campus in Abu Dhabi, Commencing Courses in 2024

IIT Delhi is taking a major step towards international educational collaboration by setting up a campus in Abu Dhabi, United Arab Emirates (UAE). The campus, as per reports, will offer Master's courses from January 2024, with Bachelor's courses following in September of the same year.

The agreement for the establishment of the IIT Delhi campus in Abu Dhabi was signed through a Memorandum of Understanding between India and the Education and Knowledge Department of Abu Dhabi. This move comes after IIT Madras made a similar announcement about setting up an offshore campus in Tanzania's Zanzibar.

Union education minister Dharmendra Pradhan expressed his enthusiasm, stating that IIT Delhi's Abu Dhabi campus will serve as a model for leveraging knowledge to foster mutual prosperity and contribute to global welfare.

During his official visit to the United Arab Emirates (UAE), Prime Minister Narendra Modi is expected to emphasize the importance of educational cooperation and the significance of IIT Delhi's expansion beyond Indian borders.

This foray into the international arena signifies a significant milestone for the prestigious IIT system, providing new opportunities for collaboration and educational exchange in the region. As IIT Delhi prepares to offer courses in Abu Dhabi, it marks the beginning of a promising academic journey towards mutual growth and development between India and UAE.

Last Updated - 17/07/2023