Education Loan for Ireland Without Collateral through GoStudy

Explore comprehensive schemes on education loans for Ireland without collateral through GoStudy and give wings to your dreams.

The evolving and dynamic market of Ireland presents some unbelievable opportunities for students to reach summits of success. Education loans for Ireland without collateral through GoStudy boost your dreams efficiently. GoStudy, with offices in Hyderabad, Pune, Bangalore, Chennai, Trivandrum, Delhi, and Mumbai, can help you find the best education loan without collateral for Ireland through GoStudy!


9

Factors That Get You Ireland Education Loan Without Collateral through GoStudy

1

Marvelous Academic Background

It is extremely easy for you to get an unsecured education loan for Ireland through GoStudy, if you have a strong and magnificent academic profile.

2

University Matters

University directly affects the education loan in Ireland without collateral through GoStudy. This is owing to the prospect in terms of career advancement.

3

Prospective Career and Programs

The future job prospect is one of the key factors for the loan and GoStudy covers more than 90% of the courses exclusively for the best job prospects.

4

Immense Opportunities in Ireland

Ireland is home to immense opportunities. This is why getting an education loan for Ireland without collateral through GoStudy is utterly important.

5

Loan With No Income Proof

GoStudy helps you get a Non Collateral Education Loan for Ireland through GoStudy simply on the basis of your KYC and needs no income proof.

6

Easy Sanction & Disbursement

Forget all the legalities and hassles of a collateral loan and settle for the best education loan to study in Ireland without collateral through GoStudy.

7

Best in-Class Education Product

GoStudy offers the best education loans and interest rates based not just on your financial profile but future prospects as well.

8

Prompt Loan Processing

Because we process 1000s of loans every day, our dedicated team and credit managers work in sync to process your loans at a blazing speed.

9

Lowest Interest Rates

GoStudy helps you get the lowest interest rates on education loans, which are generally 0.5% to 1% less than the conventional market rates.


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Unsecured Education Loan for Ireland through GoStudy

Education loans are very popular among aspirants due to the rising costs and increasing demands for studying at universities abroad to set their dreams up. Financial assistance in the form of education loans is one of the wisest decisions students can make to fund their dreams of studying abroad. Ireland, in recent years, has become one of the most trending and preferred countries for pursuing higher education owing to the spectacular job prospects.

Now when it comes to taking education loans, most banks are not interested in offering anything other than secure loans. Pledging any asset in the form of security is the first thing that strikes our minds, which makes it hard for us to pursue our dreams. However, the good news is that many NBFCs and banks now offer unsecured education loans for Ireland through GoStudy, and we have partnered up with them. They cover a comprehensive list of expenses that range - right from your Tuition Fee, Accommodation Costs, Travel, Food, Shopping, etc., whilst you are chasing your career dreams in Ireland. Opt for an Education Loan for Ireland Without Collateral through GoStudy, hold hands with GoStudy, and fulfill your career dreams.

Your expenses while you are abroad are not just limited to the aforementioned costs. Students are also eligible to receive an education loan for Ireland without collateral through GoStudy that takes into consideration all other necessary electronic gadgets and books prior to your travel & other travel costs associated with making it to Ireland.

Education Loan for Ireland Without Collateral
Education Loan for Ireland Without Collateral

Interest Rate For Education Loan To Study in Ireland Without Collateral through GoStudy

Whenever you take an education loan, the financial lender will place an interest on the repayment of your loan. Education Loan for Ireland without Collateral through GoStudy comes with interest rates added to the repayment value against the loan amount sanctioned to meet your career needs. The credit score, income ratio, university choice, program choice, and financial background play a significant role in determining interest rates. Unsecured education loan for Ireland comes with higher interest rates on loan compared to secured loan rates. Nevertheless, GoStudy will help you to get the best interest rates on unsecured education loans so that your dream of studying in Ireland comes true. Our experts will give you the best Education Loan for Ireland Without Security through GoStudy deals and answer all questions meticulously.

Non-Collateral Education Loan for Ireland through GoStudy comes with flexible interest rates and can change periodically depending on the course profiling and student profile. A simple interest rate is placed on the loan after calculating it at a SI formula.

Below are the interest rates that are offered for education loans for Ireland without Collateral through GoStudy :

Type of Education Loan

Education Loan Rate of Interest As Per Market

Education Loan Rate of Interest Through GoStudy

Secured Education Loan (USA) 9.5% 9.25%
Unsecured Education Loan (USA) 10.25% 10.00%
Secured Education Loan (Others) 9.5% 9.25%
Unsecured Education Loan (Others) 11.75% 11.50%

Add to that, the specific mathematical formula used to determine the EMI based on the interest rate for Education Loan for Ireland without Collateral through GoStudy is:

EMI = [Principal Amount x Rate of Interest x (1 + Rate of Interest) Tenure*] / [(1 + Rate of Interest ) Tenure* - 1]

*Please note that the tenure is calculated in months.

What Are The Costs That Are Covered In An Education Loan Without Collateral In Ireland through GoStudy?

An unsecured Education Loan for Ireland through GoStudy covers a comprehensive list of expenses that are associated with your studying and staying in Ireland. These expenses cover the applicant’s tuition fee, accommodation, food, travel & other associated expenses. Our partner financial lending institutions ensure all your expenses and other requirements of yours are met comprehensively with utter professionalism and care. Below is the list of the cost covered in an Education Loan Without Collateral for Ireland through GoStudy:

  • Tuition Fee
  • Living Expenses
  • Books
  • Laptops
  • Travel Tickets
  • Health Insurance
  • Other Electronic Gadgets
  • Any Application Expenses
  • Competitive Exam Fee
  • Visa Application Fee

Students can also take advantage of the 100% funding from GoStudy partnered education loans for Ireland and accomplish their career goals precisely.

Following are the lists of the Costs Covered by Education Loan for Ireland through GoStudy:

Things covered under Education Loan through GoStudy

Costs Covered by Education Loan through GoStudy

Tuition Fees 0 - 65 Lakhs (Approx)
Living Cost 6 Lakhs - 15 Lakhs (Approx)
Travel Expenses 20,000 - 40,000 Rupees (Approx)
Others (Books/Uniforms/Computers) 80,000 - 1,50,000 Rupees (Approx)

Education Loan Without Collateral for Ireland through GoStudy

An Education Loan Without Collateral for Ireland through GoStudy holding hands with GoStudy can land you up to 50 Lakhs for the majority of the best Irish universities. Your university choice, program choice, and job prospects upon completion also play a predominant role in your eligibility and loan value. The various requirements of a Non-Collateral Education Loan for Ireland through GoStudy depend on the individual profile of the applicant. However, the process is completely transparent, hassle-free, and fast, co-operated by our representatives. Below is a list of the banking and non-banking lending institutions that offer education loans in Ireland without collateral through GoStudy:

  • IDFC First Bank
  • ICICI Bank
  • Axis Bank
  • HDFC Credila
  • Avanse
  • Auxilo
  • Incred

You have significant chances of securing eligibility for an Unsecured Education Loan for Ireland through GoStudy if you can acquire an offer letter of admission from some of the best universities. Several other parameters that determine the eligibility of education loans for Ireland without collateral through GoStudy are the program that the student is going to pursue and the job prospect upon the completion of the course. Unsecured Education Loans for Ireland through GoStudy can reach up to the amount of 50 lacs; however, it is dependent on the individual profile of the applicant. The sanctioning and disbursement of a Non-Collateral Education Loan for Ireland through GoStudy is also dependent on the creditworthiness of the applicant. You need to have a strong and significant credit score to secure an Education Loan Without Collateral for Ireland through GoStudy.

Below is the list of documents that are required to process a Non-Collateral Education Loan for Ireland through GoStudy :

  • Unconditional/Firm/Confirmed Offer Letter
  • A co-applicants Income Proof is also not required in many cases
  • PAN Card
  • Academic Documents
  • IELTS/TOEFL/PTE/English Language Scorecard, if any
  • Valid Passport

Collateral For Education Loan In Ireland through GoStudy

When you can easily qualify for a non-collateral education loan for Ireland through GoStudy, why do you need to take the hassles of a collateral loan? However, for informational purposes, below you can find all the accepted collateral documentation for an education loan in Ireland. Let’s check out-.

Collateral is a form of asset or security that comprises any immovable asset or property that you pledge to the financial institution against the disbursed loan amount. The types of collateral assets may vary. These loans involving assets as security are known as secure or collateral loans. If the financial profile of a candidate is not eligible for an Education Loan for Ireland without Collateral through GoStudy, they have to settle with collateral loans. If your profile is not matching or you are eligible for an unsecured education loan for Ireland, you may consider checking out the below-listed documents you can submit as collateral:

  • House/Flat/Apartment - A personal residential property that has no dues/any standing loan on it
  • Any other legal residential property with no dues or repayments
  • Fixed Deposit by a registered NBFC or a nationalized bank, with a letter of affirmation from the end of the manager of the institution assigning it in favor of an education loan in Ireland without collateral.
  • Surrender Value Certifications of Life Insurances that are equal to the amount that is required for sanction
  • A non-agricultural land within legal parameters

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University-wise pre-approved amount for unsecured education loan to study in Ireland through GoStudy

The ever-increasing demands for unsecured education loans for Ireland through GoStudy have compelled many banks and Indian NBFCs to offer the best schemes. Ireland has been home to the top 20% recognized universities recently, and hence, multiple banks and lenders have come forwards with comprehensive education loan plans. You will find plenty of providers offering Education Loan To Study in Ireland Without Collateral through GoStudy owing to almost 50,000+ students approaching Irish universities. Below is the list of universities that have been pre-approved by the banks for an unsecured education loan to study in Ireland through GoStudy

Irish Universities

Pre-approved unsecured education loan amount to study in Ireland through GoStudy

Trinity College Dublin 35 Lakhs (Approx)
University College Dublin 35 Lakhs (Approx)
Dublin City University 30 Lakhs (Approx)
University College Cork 30 Lakhs (Approx)

Co-applicant for the Ireland Education Loan Without Collateral through GoStudy

To be eligible for an unsecured education loan for Ireland through GoStudy and to ensure a 100% approval rate, keeping a co-applicant is undeniable. Most financial institutions ask for a co-applicant even if you happen to have substantial wealth, assets, strong background, and good credit history. This is owing to the factor that when a student goes abroad to study, they have no income, and hence a co-applicant secures the loan. The main factors that determine the creditworthiness of the co-applicant are their age, relation with the applicant, and income structure.

In shorter words, a co-applicant acts as a form of security to the lenders that in case if under unforeseen circumstances, the applicant is unable to pay back the loan, then the co-applicant can take up the responsibility.

Below is the list of co-applicants for the Non-Collateral Education Loan for Ireland through GoStudy that is accepted:

  • Parents
  • Parents-in-law
  • Spouse
  • Siblings
  • Maternal Uncles & Aunts
  • Paternal Uncles & Aunts

Eligibility Criteria For Education Loan for Ireland Without Security through GoStudy

It is very simple to understand and be eligible for a Non-Collateral Education Loan for Ireland through GoStudy. You need to have a firm/unconditional offer letter for admission from any top Ireland university to be eligible for an unsecured education loan for Ireland through GoStudy. This denotes that the student has fulfilled all the eligibility criteria for admission to that specific top Irish university and that the admission cannot be revoked at any point in time. Some other requirements for education loan without collateral for Ireland through GoStudy are as follows:

  • A citizen of India who is at least 18 years old.
  • Has a valid co-applicant or a co-borrower, working in India or anywhere in the world, or self-employed in India. The person should be either Parent, Parent-in-law, Spouse, Siblings, Maternal & Paternal Uncles & Aunt.
  • The minimum CIBIL score for an education loan without collateral for Ireland through GoStudy must be met.

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Documents required for Education Loan for Ireland Without Collateral through GoStudy

Though Ireland Education Loan Without Collateral through GoStudy documentation may vary from case to case, the list is almost the same for all. GoStudy experts make sure that you are able to understand everything smoothly and that it is completely hassle-free for you. The list of documents needed for an Education Loan Without Collateral for Ireland through GoStudy is as follows:

  • Student’s KYC
  • Student’s Educational Documents
  • University Course Details & Fee Structure
  • Unconditional/Firm/Confirmed Offer Letter
  • Co-Applicant’s KYC
  • Co-Applicant’s Proof of Income
  • Income Tax Returns of Student - 3 Years (If Applicable)
  • Income Tax Returns of Co-Applicant - 3 Years
  • Proof of Birth Documents
  • Proof of Relationship with Co-Applicant
  • Bank Statement for Months of Co-Applicant

Depending on the sole discretion of the lender and the profile of the individual applicant, some other documents may also be required for obtaining a Non-Collateral Education Loan for Ireland through GoStudy.

Process & Procedures For Unsecured Education Loan for Ireland through GoStudy

Thousands apply every year for an Education Loan to Study in Ireland without collateral through GoStudy. The mammoth demand has led multiple lenders to bring advantageous schemes for an Education Loan for Ireland Without Collateral through GoStudy. The basic Unsecured Education Loan for Ireland through GoStudy process is initiated when the student informs the requirement for the loan and provides all necessary details such as university course, loan amount, applicant details, financial details, and other relevant information. The identity of the co-applicant is important and hence, needs to be provided very carefully.

When the initial checks and verifications are done, you will receive a formal offer letter mentioning all the details needed to proceed further with your loan sanction. Processing time for an Education Loan through GoStudy To Study in Ireland Without Collateral may range somewhere between 5 days to 7 days in most cases. When all the formalities are done and the agreement is signed, the loan amount will be sent through a DD, Cheque, or Electronic Transfer.

Sanction & Disbursement of Education Loan Without Collateral for Ireland through GoStudy

When the sanction of the loan is done, a format sanction letter with all information such as course name, University details, the sanctioned education loan quantum, applicant’s name, co-applicant name, guarantor’s name (if applicable), rate of interest, tenure of repayment, moratorium period/holiday period and others to name a few. This letter will also have all the terms and conditions mentioned pertaining to the agreement. Remember that this letter needs to be a complete sanction letter and not an in-principle letter since it needs to have all the details mentioned to be accepted by any Irish university.

When the final sanction is done for the Education Loan through GoStudy for Ireland Without Collateral, the financial lender will send the amount to the university as the tuition fee and can also be sent to the applicant or the co-applicant bank account, whichever is mentioned in the agreement. The final loan amount is disbursed in INR to the applicant or university in part payments or at once, depending on the requirements and protocols of both the borrower and lender.

Moratorium Period For Education Loan Without Collateral for Ireland through GoStudy

The moratorium period is generally the timeframe when a student is pursuing their education and needs not to pay any EMI until the completion of the course and employment. Most banks or NBFCs offering an unsecured education loan for Ireland through GoStudy come with a moratorium period convenient for the student. Alternatively, you can also follow one common trend, which is to pay a minimum partial simple interest of as little as 2000 INR until the course completion and employment. So understanding the moratorium period and policies are of the utmost importance before signing up for the loan.

The education loans for Ireland, without collateral through GoStudy, come with easy repayment tenures that range anywhere between 12 months to 180 months. Students have full freedom to choose the repayment tenure depending on their own convenience. The financial lenders will only choose the repayment tenure for you when your financials are weak, and they need some form of assurance.

The different types of repayment options for Non-Collateral Education Loan for Ireland through GoStudy are:

  • Partial Simple Interest
  • Simple Interest
  • EMI
  • Full Moratorium period

Below are the types of repayment & moratorium options available in the different financial institutions:

Financial Institution

Repayment Methods

IDFC First Bank Full Moratorium
ICICI Bank Simple Interest
Axis Bank Simple Interest
HDFC Credila Partial Simple Interest
Avanse Partial Simple Interest
Auxilo Partial Simple Interest
Incred Partial Simple Interest

Tax Benefit For Unsecured Education Loan for Ireland through GoStudy under Section 80E of IT Act

Section 80E of the IT Act states that students opting for Education Loan for Ireland Without Security through GoStudy can claim tax benefits on the complete EMI amount for the financial year. The benefits are claimable by the spouse, children, and legal guardian who took responsibility for the Ireland Education Loan Without Collateral through GoStudy. All courses for which the loan is granted fall under the coverage of the tax exemption. The rule does not state how much tax benefit can be claimed, but it is advised to ensure the loan repayment is made within 8 years of interest repayment. If you ensure the repayment is within this tenure, you are eligible to claim all the benefits under this section.


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