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The importance of education cannot be stressed enough. It is an essential part of every individual’s life and forms the basis of his/her future progression. Thus, any compromise here is not ideal, especially if it is a financial one. The reason being with options like ADIB education finance for UAE nationals, meeting any such expenses is not an issue anymore.
Education finance refers to the credit facility curated by financial institutions to support every UAE national in meeting educational requirements. Whether it is a higher study within the country, or an aboard one, with the ADIB education finance for UAE nationals, you can meet all these financial requirements.
With a credit facility like this, you can fund tuition fees, examination fees, purchase of study material and other requirements. After the completion of your course, you can repay the amount as per the terms specified in the loan agreement.
Here are some of the highlighting features of the education financial you can get from ADIB:
To apply for a personal loan, the applicant needs to have a minimum salaried income of AED 8,000.
The interest in education finance is fairly low in the country. UAE nationals get loans sanctioned at a flat rate of 3.72% or a reducing rate of interest of 6.75%.
To qualify for an ADIB personal loan for education, one needs to meet a set of eligibility parameters. Here are the details –
To get a personal loan in UAE, you need to furnish the following documents –
After furnishing all these documents, the loan application process will begin and you need to wait for an approval from the bank.
The application procedure of personal finance for education is a simple one. UAE nationals can apply online as well as offline for this credit facility from ADIB. Both of these procedures are discussed in detail here:
The steps mentioned below need to be completed for an online application process for education finance with ADIB:
Are you not comfortable applying for a loan online? Then you need not worry. You can also apply for the loan via offline modes as well. You need to visit the nearest ADIB branch to complete the education finance settlement procedure, thereby filling out an application form.
The ADIB Headquarters address:
ADIB education finance for UAE nationals is a smart way to meet all the education-related expenses of your or your children. Instead of liquidating your savings, you can now get necessary credit against favourable terms to avoid any monetary stress that can hamper your education. Nevertheless, the particulars of a loan agreement make the necessary difference, so go through them carefully to avoid future issues.
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