EDUCATION LOANS IN DUBAI
Challenging economic conditions , rising costs of living and financial strains have left parents and students in a difficult position when it comes to investing in higher education. Recognizing the need to enable students to purse their academic careers, Mashreq Bank and murdoch University Dubai have jointed forces to assist students pay for their education by providing education loans at preferential rates.
Designed to provide parents and students with financial peace of ming, the education loan is available to working students or residential parents, Students availing of this facility will also be granted a discount on tuition fee from Murdoch Dubai, easing financial stress.
"Higher education should be accessible to everyone. Today's work places are extremely competitive with companies increasingly looking at academic qualifications as a prerequisite for job applicants. As a result of this, and in an effort to assist students achieve a degree in their chosen field, we partnered with Murdoch University to provide a convenient banking solution that caters directly to student requirements, " stated Niranjan Mendonca, Head of Retail Assets, Mashreq Bank.
Students applying for the education loan may apply for full or part of their tuition expenses. A minimum income of AED7, 000 is required for applicants, and repayment is made affordable through flexible repayment plans.