Do UAE banks offer educational loans?
I want to send my children to the best school I can afford. My company does not provide help with school fees, are there banks in the UAE that will help me with loans, etc? Are there preferential terms for things like this?
Short answer – yes they do, but at the moment we would be hard pushed to recommend any. Most seem to charge higher rates than personal loans, which given what the loans are for is not something we feel particularly happy about.
Like any loan the availability will be more about your credit history with the bank than actual policy within the bank.
You need to do due diligence to check whether the terms offered fulfill your needs.
It may be your school may have relationships with certain banks that could help here. It is worth asking.
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Answered on May 3, 2015.
