Education Loan for MBA In Ireland Through GoStudy

GoStudy is India’s most favored education loan provider offering some lucrative and spectacular education loans for MBA in Ireland.

Ireland is one of the most beautiful and safest countries where students can start laying the foundation of their bright careers. Indian students can excel in Ireland universities with loads of opportunities. GoStudy is the best bet when it comes to obtaining education loans. Succeed in your career with an education loan for MBA in Ireland through GoStudy. GoStudy is available in multiple cities such as Hyderabad, Chennai, Mumbai, Delhi, Bangalore and many more.


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Factors That Get You Ireland Education Loan through GoStudy

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Fastest Loan Sanctions

When you choose GoStudy as your study partner, you get to indulge in a fast track and smooth experience for loan approval.

2

Scholarships and other opportunities

For students with an impressive track record, universities have scholarships and other student benefit programs.

3

Study in Top Universities

Education loan for MBA in Ireland for Indian students through GoStudy makes sure that you get your loan sectioned only for top universities.

4

Fail-Safe Education Loan

With GoStudy, you get fast education loan approval. Students get 100% guarantee on the best education loan for MBA in Ireland through GoStudy.

5

Instant Eligibility Check

GoStudy helps students get approval by providing their KYC and instant eligibility check.

6

Low-Interest Rate

GoStudy offers the lowest interest rates which are 0.5% to 1% lower than the market.

7

An Expert by Your Side

GoStudy makes sure that you do not feel left out especially when you are in desperate need of guidance.

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MBA in Ireland

The process for an education loan in India for MBA in Ireland through GoStudy is quick and easy. The entire process is online.

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Stay Connected With Our Expert Team

GoStudy consultants are available round the clock for your assistance and help you from VISA to lodging.


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Education Loan for MBA in Ireland through GoStudy

Not only do Indian students find Ireland desirable to study abroad but others do as well. Ireland has now become an education hub for international students. There are technical training, full degree courses, vocational training, post-secondary courses, and even the highest graduate-level programs available. Some of the top universities in the world are located in Ireland. Moreover, it is very easy to get an education loan for MBA in Ireland for Indian students through GoStudy. Ireland is an expensive city, and only an education loan is the choice left for tight-budget families. Education loans through GoStudy are designed in a way that eases the burden of parents and legal guardians of the students. There are many banks in India offering education loans with lower interstate and easy approval processes. This is also the reason why more and more Indian students are migrating to Ireland to build their future. The best education loan for MBA in Ireland through GoStudy is available with GoStudy, which students can explore.

Education Loan MBA in Ireland
Education Loan MBA in Ireland

Interest Rate For Education Loan To Study in Ireland through GoStudy

No matter whether you are applying for a secured or unsecured education loan in India for MBA in Ireland through GoStudy, there is a repayment amount that everyone has to pay. Interest rate is a set term, but there are several other factors on which it depends. For instance, if you are applying for a secured education loan rate of interest is lower. Then there are the student's academic profiles, the income of the co-applicant, and the university to which you are applying some considerations as well. GoStudy makes sure that you get the best rates. We have an expert team who agrees only on the best negotiations for aspirants. The rate of interest depends upon several factors and also keeps on changing from time to time. Well, if your co-applicant has a good credit score, you have a will, and an impressive student profile, you have nothing to worry about. GoStudy will make sure that your education loan for MBA in Ireland for Indian students through GoStudy does not twirl into a burden. Many reputed banks are offering satisfactory rates of interest. The list is below

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% 9.5%
Unsecured Education Loan (Others) 11.75% 10.75%

The rate of interest is calculated using the following details:

  • The principal loan amount
  • The applicable rate of interest
  • The tenure of your education loan

Generally, the rate of interest is 1.5%-2.5% lower, termed as spread + MCLR

The rate of interest on an education loan in India for MBA in Ireland through GoStudy starts from 10.75% of the principal amount.

GoStudy makes sure that you understand the repayment process to avoid any confusion when you apply for a loan. As the rate of interest also depends upon various factors which are cleared when you apply for the loan.

What are the costs that are covered in an education loan in Ireland through GoStudy?

There are many perks of taking an education loan in India for MBA in Ireland through GoStudy. When it comes to expenses, almost everything is covered. The cost can be divided into three categories

Tuition Fees - MBA program in Ireland is much more expensive as compared to Arts and Humanities programs. For a bachelor's degree, it will cost you around € 9,800 to € 25, 00 and for a master's degree, it will cost you approximately € 9,500 to € 34, 00, but you don't have to worry as your entire tuition fee is included in education loan in India for MBA in Ireland through GoStudy.

Accommodation - there are two options for students. They can either choose on-campus or off-campus places to live. It is going to cost around € 300 to € 600 every month and it is included in your loan package.

Living expenses - a monthly living expense is around € 650-€ 1000. It also depends upon the student's lifestyle.

Expenses that are covered in education loans for MBA in Ireland through GoStudy are:

  • Tuition fees
  • Accommodation
  • Living expenses
  • Purchase of stationary, laptops, and books
  • Academic year project work expenses
  • Study tour expenses
  • Other expenses required

Following are the lists of the Costs Covered by Education Loan for MBA in 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)

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Education Loan for MBA in Ireland Without Collateral Through GoStudy

The good news for the students is that they don't have to struggle to get an education loan in Ireland. Students have multiple options in their own home country. There are both NBFCs and federal banks offering education loan for MBA in Ireland for Indian students through GoStudy.

There are two types of education loans:

Unsecured Education Loan - unsecured education loans are like their name which means no collateral is required. Government banks can lend approximately Rs 7.5 Lakh with no collateral. Non-Banking Finance Companies are offering the biggest loans with no collateral, which can go up to Rs 1 Crore. The documents required for unsecured loans are

  • Passport
  • PAN Card
  • Academic documents
  • IELTS/PTE/TOEFL results
  • Co-applicant documents

Secured Education Loans - if you wish to take a secured loan, you will need a collateral pledge to your bank. When it comes to secured loans, banks are the major lenders in India. If you wish to study MBA in Ireland, then the assets you will need:

  • Liquid security - bonds, FDs, and tangible collateral security fall into this category.
  • 3rd Party collateral - if you have a property that belongs to your aunt, uncle, family, or friend, you are eligible for a secured loan.
  • Immovable property - non-agricultural land, flat, empty plots, independent property, etc.

The maximum amount of secured loan which one can take from a government bank is about Rs 1.5 cr. It will also depend upon the lending bank's conditions. The best education loan for MBA in Ireland through GoStudy can lower your interest rate if you have collateral.

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

Ireland is on the radar of foreign students, and why not, it is home to some of the best universities. There is also the best education loan for MBA in Ireland for Indian students through GoStudy available making studying abroad affordable for Indian students. Most of the Ireland universities are of the highest quality. Some of them are also ranked in the list of top universities, like Trinity University. In the year 2021, approximately five thousand students were admitted to undergraduate and postgraduate courses in Ireland universities. This rate increases in 2022 and is definitely going to go a long way because of the opportunities Ireland Education offers, like extensive course selection, world-class educational institutions, and abundant opportunities.

Here is the list of universities offering education loan for MBA in Ireland through GoStudy

List of Universities accepted by Unsecured Education Loan in Ireland through GoStudy

GoStudy’s Unsecured Pre Approved Education Loan Amount for MBA in Ireland

Syracuse University 60 Lakhs
George Washington University 65 Lakhs
New Jersey Institute of Technology 65 Lakhs
University of Florida 65 Lakhs

Co-applicant for the Ireland Education Loan through GoStudy

Taking an education loan for MBA in Ireland for Indian students through GoStudy is not just a perk but a responsibility as well. Students can not take this responsibility yet, so their parents or guardians have to come forward. Co-applicant part is very important when it comes to education loans in ireland. A co-applicant is an additional person who will co-sign the agreement of an education loan. The Irish embassy is pretty flexible when it comes to co-applicants. As far as the financial requirements are fulfilled anyone is suitable to be a co-applicant. To apply for an education loan for MBA in Ireland through GoStudy, a co-applicant can be a father, mother, brother/sister, aunt/uncle, or any friend or blood relative.

Eligibility Criteria For Education Loan for Ireland through GoStudy

No matter whether it is GoStudy or any other overseas education partner you choose, if you fail to fulfill the eligibility criteria, no one will be able to help you get an education loan in India for MBA in Ireland through GoStudy.

Here is what you will need:

  • You must be an Indian citizen, and so should your Co-applicant
  • You must be 18-35 years of age
  • You must have a co-applicant
  • You must be accepted into the Ireland university for an MBA course
  • Your co-applicant must have a stable income source

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Documents required for education loan to study in Ireland through GoStudy

Documents are the most important part. If you have all of them handy, your education loan for MBA in Ireland through GoStudy application will be processed fast. GoStudy will guide you through all the documents required before we even start the process. Here is the list of documents required:

  • Student visa and a valid passport
  • Transcripts from the previous institution
  • Admission letter from Ireland university
  • Students and co-applicants KYC
  • Address proof
  • Identification proof like birth certificate, voter card, PAN card, etc
  • Salary slip of co-applicant
  • ITR of co-applicant
  • Recent bank statement of co-applicant

These are the basic document formalities that you will need to fulfill. The financial institution might have its own set of requirements so the requirements may vary from bank to bank. If you are applying for a secured education loan in India for MBA in Ireland through GoStudy, then the property documents are also included to approve the loan.

Process & Procedures For Education Loan for Ireland through GoStudy

The best thing about today's education loan is that the procedure is simple and fast. There are online websites of the banks where the application form is available. If you think you can handle the process on your own, just go for it. If you can't, then GoStudy will do this for you. From applying for a loan to getting admission to your favorite Ireland university GoStudy will be right there with you. For prompt services, GoStudy is the best as we have expert ways to apply and get guaranteed the best education loan for MBA in Ireland through GoStudy approvals. After filling out your online application form, you will need to submit documents. Once the process is complete, a bank representative will pay you a visit, and collect documents, and the agreement will be signed by the student and the co-applicant. It will take 8-10 days to process the loan application. The process and procedure might vary a little depending on the banks and NBFCs you choose. At GoStudy, we make sure that the approval process is pain-free and smooth for both the students and their parents when it comes to the education loan for MBA in Ireland for Indian students through GoStudy. As long as your loan profile meets all the requirements of the lending organization, the process is an easy victory. Once every formality is completed, the loan amount is sanctioned in the student's bank account. Just make sure that you contact GoStudy 1-2 months prior to your fund requirements.

Sanction & Disbursement of Education Loan for Ireland through GoStudy

If you are taking an education loan for MBA in Ireland through GoStudy, you are liable for the terms and process of disbursement. Once the loan amount is guaranteed, the amount is disbursed often to the university funds. As soon as your MBA program's first semester starts, the tuition fee is directly transferred. This can be done electronically or through the demand draft as required by your Ireland university. There are multiple disbursements, and usually, it is per semester. It depends upon the student how they choose to collect funds. After the loan letter is sanctioned and all the pending amount is paid, the loan is disbursed and paid to the university on the set date. The education loan for MBA in Ireland for Indian students through GoStudy usually takes 120-180 days of loan sanction. This will also depend upon the cancellation date set by the financial institution. GoStudy will keep you informed. In terms of education loans, the only thing students have to do is make sure that there are no pending conditions on their part. This is going to delay the disbursement of the loan amount and sometimes even sanctioning letters.

Moratorium Period For Education Loan for Ireland through GoStudy

Education loans might sound scary with their complex nomenclature and imaginary obstacles. While searching for the best education loan for MBA in Ireland through GoStudy, students might have come across words like moratorium and bursary. These might sound scary, but actually, they are very simple to understand. In simple terms, the moratorium is a break in the repayment period of your loan. You do not have to pay back your loan immediately after you get out of the university. You can start with interest or the principal amount. It's your choice.

Repayment of Education Loan for MBA in Ireland through GoStudy

The good news is that students also get an extended period if needed. Sometimes it is not easy to find employment immediately after you clear out. There can be personal issues or any other. When so much is going around, students need some space when it comes to repayments. This space is in a moratorium period. In India, the moratorium period is exclusively applicable to education loans only. The students have liabilities for one year after they pass out from the university. There are different repayment options available making education loans more convenient and desirable among aspirant learners. Now even parents don't have to worry about their children's future liabilities, and they have the best education loan for MBA in Ireland through GoStudy in hand. Here are some of the education loan repayment options

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

If you have decided to take an education loan for MBA in Ireland for Indian students, then there is good news for you. You will not be able to fulfill your dream of studying abroad but will also get tax benefits. Education loans are a boon for Indian students. If you are true to your commitments towards your education loan, you enjoy one more benefit. According to section 80E, you can enjoy tax deductions if you are repaying it on time. The interest rate on your education loan is going to be deducted. There is no limit on the deduction. Only the interest part is valid for deduction and not the actual amount you borrowed for the education loan for MBA in Ireland for Indian students through GoStudy.

Only the borrower is going to get this deduction and not the taxpayer or HUF. Parents of the student can easily avail of this deduction. Other than parents, spouses, self, and students with legal guardians are also applicable for this tax benefit. Tax benefits are only approved for education loan for MBA in Ireland through GoStudy if taken from an approved financial institution or any government bank of India.

GoStudy makes sure that our students get only the best education loan for MBA in Ireland through GoStudy from trusted and charitable financial institutions. This way, students and parents benefit from the education loan for studying abroad. From ensuring the best education loan options to availing tax benefits, we have all well-researched and set for a secured future for your child.


DOWNLOAD Simple & detailed comparison sheet of all Education Loan offered by all government & private banks and NBFC’s to study abroad.

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