GoStudy Education Loan to study in Ireland

GoStudy is one of the most prolific and esteemed Ireland education consultancy in India. GoStudy offers the best education loan to study in Ireland

Ireland, over the recent years, has paved the way for thousands of talents in terms of employment. At GoStudy, our motive is to ensure you can get the best schemes on various education loans to study in Ireland through GoStudy partnered financial services. Our offices located in various cities such as Mumbai, Pune, Coimbatore, Hyderabad, Chennai, Cochi, Trivandrum, etc., are always there at your assistance.


9

Factors That Can Get You An Education Loan to study in Ireland Through GoStudy

1

Excellent Academic Profile

You need to have an excellent profile in terms of academic background with proven credentials to procure an education loan to study in Ireland through GoStudy.

2

University Choice

Your choice of university can directly impact the GoStudy partnered education loan to study in Ireland, and GoStudy has tied up with the best universities.

3

Future Focused Programmes

GoStudy boasts 90% of the career opportunistic programs from Irish universities in terms of your future job prospects.

4

Extensive Opportunities in UK

Unlimited opportunities in Ireland have opened up, and GoStudy helps you with this by fetching you an education loan for Ireland in India through GoStudy.

5

No Income Proof Required!

Just with your KYC, you can easily avail of compelling education loans to study in Ireland through GoStudy.

6

Easy Sanction & Disbursement

You do not worry about hectic loan processes and legalities as GoStudy helps you with the faster sanction and easy disbursement of the loan.

7

Comprehensive Education Loan Product

GoStudy has covered brilliant education loans to study in Ireland to help you save money and accomplish goals.

8

Loan Processing on Priority

GoStudy with the aid of dedicated credit managers help you with every intricate detail.

9

Lowest Interest Rates In The Market

With GoStudy, you can save as low as 0.5% - 1% lower than the market rates!


Worried about
  • Educational Loan
?
Get Assistance for
Free

or


Education Loan to study in Ireland through GoStudy

Education loans are extremely popular among students these days owing to the massive rising educational costs when it comes to studying abroad. Education loans to study in Ireland through GoStudy not just help you complete your career goals easily but that too in the most reliable and safe way. Education loans to study in Ireland through GoStudy come with multiple benefits and money-saving opportunities where all your expenses are met, and your dreams are funded well without any such interruption. Education loan for Ireland in India through GoStudy is made absolutely easy with GoStudy owing to our collaboration with top financial lenders.

When it comes to GoStudy partnered education loans to study in Ireland, there are two types of education loans- secured and unsecured. Although there is a third category for partially secured loans, secured and unsecured loans are prevalent among students. Owing to the higher demands of education loans, most banking organizations and NBFCs have started offering interesting and compelling schemes for various Ireland education loans in India through GoStudy. The expenses that are covered are diverse - right from your Tuition Fee, Accommodation Costs, Travel, Food, Shopping, etc., when you are in pursuit of your dream career in Ireland. An education loan for Ireland in India through GoStudy can fulfill your financial needs and assist you in taking your career to the next level.

Alongside the primary expenses of education and university fees, there are many more added expenses that you may need to incur as well. GoStudy can help you find the best education loans to study in Ireland that can even cover your expenses starting from the purchase of any electronic gadgets and books prior to traveling & your other traveling expenses for making it to Ireland for study.

Education Loan to Study in Ireland
Education Loan to Study in Ireland

Interest Rate For Education Loan To Study in Ireland through GoStudy

Whenever you take a loan from any financial institution, you are charged or levied interest on the repayment amount. This is the same with education loans to study in Ireland through GoStudy, where the financial lender places an interest rate on the funds sanctioned as an education loan. This interest rate is decided on the basis of the credit score, course selection, co-applicant income, and job prospects, to name a few. The better your portfolio is, the better your chances of securing higher loan limits for education loans to study in Ireland through GoStudy. The interest rate for an unsecured education loan in Ireland is comparatively a little higher than a secured loan. However, with GoStudy, you will be able to get the most competitive rates on both secured and unsecured that are available in the market to ensure that your dream of studying abroad comes true. Our team of experts ensures that you get all of your queries cleared regarding Education Loan for studying abroad in Ireland through GoStudy.

Non-Collateral Education Loan for studying abroad in Ireland through GoStudy comes with better flexibility and may change over time owing to the course profiling and outstanding credit. A simple interest formula with monthly rest is being improvised to calculate the interest rate on the education loans to study in Ireland through GoStudy.

Below are the interest rates students are offered on education loan to study in Ireland through GoStudy without Collateral:

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%

Furthermore, the following mathematical formula is used to calculate the EMI based on the interest rate for Education Loan to study in Ireland through GoStudy:

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 to study in Ireland through GoStudy?

Education loans to study in Ireland through GoStudy can cover almost 100% of the expenses in most cases, including education, traveling, and shopping budgets. The expenses include your academic fees, cost of accommodation, fooding, traveling & other miscellaneous expenses. Our financial partners ensure that the needs of individual students in terms of funds are taken care of intricately and that the remittance is done in the fastest way without interruptions.

Below is the list of the cost covered in an Education Loan Without Collateral for Ireland through GoStudy:

  • Course Fees
  • Staying Expenses
  • Book Costs
  • Laptop Price
  • Ticket Expenses
  • Any Insurance Costs
  • Electronic Gadgets
  • Other Application Expenses
  • Competitive Exam Fees
  • Visa costs

Education loans to study in Ireland through GoStudy can fetch you the best deals when you take help from us, and the amount can reach 50 Lakhs based on the candidate's profile. A few other factors that decide the loan amount are the university choices, attended program choice, and post-completion employment prospects. However, the various parameters for Non Collateral Education Loan for Ireland through GoStudy may vary depending on individual candidates. However, it is absolutely transparent & hassle-free with their representatives available to make sure every need is taken care of.

Below is a list of the financial institutions that provide an education loan to study in Ireland through GoStudy:

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

Things covered under Avanse Education Loan through GoStudy

Costs Covered by Avanse 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 to study in Ireland Without Collateral

If you happen to procure an offer letter for admission from any of the top Irish universities, you have a good chance of securing an unsecured Education Loan to study in Ireland through GoStudy. A few other parameters that are directly proportional to the eligibility for an education loan to study in Ireland through GoStudy without collateral are the course attended by the student and the future employability prospect post-completion of the program. With GoStudy, you can easily procure education loans for Ireland up to 50 lakhs. However, you need to have a sound financial profile and fantastic academic background. The sanction quantum and disbursal of the non-collateral Education Loan for Ireland are determined by the creditworthiness of the candidate. The higher your credit score is, the higher the chances of procuring a higher loan amount to study in Ireland.

Below listed documents are required to initiate the process of obtaining a Non-Collateral Education Loan to study in Ireland through GoStudy:

  • Unconditional and Confirmed Admission Offer Letter
  • A co-applicants with Income Proof (not required in many cases)
  • PAN Card
  • Academic Certifications & Papers
  • IELTS/TOEFL/PTE/English Test Scorecard, if any
  • Valid Passport

Collateral For Education Loan In Ireland

You never have to go through any hectic loan process and complications when you can get the best education loan to study in Ireland through GoStudy. As mentioned before, there are two primary types of education loans to study in Ireland through GoStudy, and let us now discuss the collateral or secured Ireland education loans in India through GoStudy.

Collateral loans are secured loans that can save you substantial money on interest rates and can land better deals for you. When you keep an asset as a form of security to the bank, like immovable property, gold, fixed deposits, etc that is accepted by the bank or the financial lender, it is named as a collateral loan. Depending on the requirements and profile of the candidate, these asset types may vary from case to case. Ireland education loan in India through GoStudy comes with an easy process, so there is nothing for you to worry about. These collateral or secured loans are ideal if you have assets to pledge and are financially strong enough with a good credit portfolio. Those who cannot qualify for an unsecured education loan to study in Ireland through GoStudy are also recommended to go with the collateral education loans. Some essential documents that lenders accept as collateral security:

  • House/Flat/Apartment - A personal property with no dues/existing loan on it
  • Any legal residential property without dues or pending repayments
  • Bank or NBFC certified FD, with the manager’s letter assuring it against the education loan to study in Ireland through GoStudy.
  • LIC surrender value equivalent to the sanctioned loan amount.
  • Agricultural land falling under all kinds of legalities

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

Several Indian banks and NBFCs offer the best Ireland education loans in India through GoStudy owing to the massive interest of students approaching to study in the country. Ireland has a developed economy and houses some of the finest universities, which makes it easier for most financial lenders to grant you education loans to study in Ireland through GoStudy with ease. With the rising number of students, which is now more than 30,000+ wanting to study in Ireland, you will not fall short of lenders offering unsecured education loans for Ireland in India through GoStudy. 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

Ireland 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)

Worried about
  • Educational Loan
?
Get Assistance for
Free

or


Co-applicant for Ireland Education Loan in India through GoStudy

For both secured and unsecured loans, to guarantee the chances of 100% loan approval, you need to have a co-applicant in place. Even if you come up with surplus wealth and assets along with a higher credit score, chances are most financial lenders will still ask you for a co-applicant since the student will be studying abroad with the education loan to study in Ireland through GoStudy and have no income source, a co-applicant acts as a security to the financial lender. The co-applicant's creditworthiness is judged by their age, relation with the applicant, income, credit score, assets value, and financial portfolio, to name a few.

Co-applicants guarantee the loan amount sanctioned which assures that if the borrower fails to repay, the co-applicant will take liability of repaying the education loan for Ireland in India through GoStudy.

Below is the list of co-applicants for Education Loan for Ireland in India through GoStudy that are accepted:

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

Eligibility Criteria For Education Loan to study in Ireland through GoStudy

The requirements of an education loan to study in Ireland through GoStudy are very simple and transparent for the student’s convenience. You need to have a firm-confirmed unconditional letter of admission offer from any prestigious university to qualify for the best education loan for studying abroad in Ireland through GoStudy. This means that the student has accomplished all the eligibility criteria for admission and that the admission offer cannot be revoked at any point in time. Apart from that, there are a few other requirements for an education loan for Ireland, which are as follows:

  • Resident and Citizen of India 18 years of age.
  • Authorized co-applicant or a co-borrower, employed in India or across the globe in the world, or even Indian self-employed. The person should be either Parent, Parent-in-law, Spouse, Siblings, Maternal & Paternal Uncles & Aunt.
  • CIBIL score should match in accordance with the requirements.

TOO MANY QUESTIONS?


Documents required for Education Loan to Study in Ireland through GoStudy

The basic documentation process for an education loan to study in Ireland through GoStudy remains the same. However, some documents may change depending on the profile of the candidate. At GoStudy, our experts make sure it is a cakewalk where we help you understand what is needed.

The list of documents that are required for an Education Loan to study in Ireland through GoStudy are as follows:

  • KYC of the Candidate
  • Student’s Academic Documents
  • University Program Details & Course Fees
  • Unconditional Admission Offer letter
  • Co-Applicant’s KYC
  • Co-Applicant’s Income Proof
  • Student ITR - 3 Years (If Applicable)
  • Co-Applicant ITR - 3 Years
  • Birth Certificate
  • Proof of Relationship with Co-Applicant
  • Bank Statement for Months of Co-Applicant

Apart from the ones listed above, there might be additional documents that might be required which are purely based on the discretion of the provider of an Education Loan for studying abroad in Ireland through GoStudy.

Process & Procedures For Education Loan to study in Ireland through GoStudy

Due to the rising demand for education loans to study in Ireland through GoStudy, many financial lenders have come up with brilliant schemes for education loan to study in Ireland through GoStudy. The process starts with the applicant informing about the amount of education loan to study in Ireland through GoStudy along with personal details, university information, co-applicant information, name of the course, loan tenure, and all essential details. The identity of the co-applicant needs to be detailed and should be checked carefully.

A formal letter for the proposed loan will be sent to the applicant once the first round of checks and verifications, along with document submission, are done. The processing time for the loan is usually 5-7 days for an Education Loan To Study in Ireland through GoStudy. When the details are reviewed, and the agreement is signed, the loan is transferred at the earliest through a Demand Draft, bank Cheque, or NEFT/IMPS.

Sanction & Disbursement of Education Loan to study in Ireland through GoStudy

After the approval of the loan amount and sending the loan offer letter, the sanction pertaining to all important details such as the co-applicant, applicant, moratorium period, rate of interest, loan years etc will be posted to the candidate. It will also constitute all the terms and conditions pertaining to it. This letter has to be a comprehensive sanction letter since most universities reject an in-principle letter as they do not confirm the eligibility of the student.

Upon successful sanction of an Education Loan to study in Ireland through GoStudy, the funds will be immediately sent over to the university as academic costs or to the applicant, whatever was penned down on the contract. The disbursement is done in Indian National Currency, which is either part of full payments for the education as decided between parties.

Moratorium Period For Education Loan for Studying Abroad in Ireland through GoStudy

A moratorium is the time period where students are exempted from any repayment until they secure employment after completing their education. Most banks that offer Ireland education loans in India through GoStudy come with a flexible moratorium period. During this period, unless the students acquire any employment, they can pay a mere amount as low as just 2000 as interest fees. Hence, carefully inquire about the moratorium period before you sign up for the loan.

Education Loan to study In Ireland Repayment Through GoStudy

Repayment options for education loan to study in Ireland through GoStudy are flexible, and you can choose it in accordance with your convenience. The timeline can be anything from 12 months to 180 months on average, based on the convenience of the students. In most cases, you can set your own repayment tenure. Nevertheless for financially backward or weaker students, banks may impose a specific repayment tenure.

The various categories of repayment options for Education Loan to study in Ireland through GoStudy:

  • Part Simple Interest
  • Simple Interest
  • Monthly EMI
  • Full Moratorium period

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

Section 80E of the IT Act, can bring you tax exemption on the entire EMI for the Education Loan to study in Ireland through GoStudy for that particular financial year. Any legal guardian, spouse or siblings can enjoy these exemptions. The deduction is allowed for all the courses against which the education loan is granted. Although there is no set amount of exemption, it is recommended to make the repayment before 8 years of making interest payment. Ensuring the timely repayment for the loan amount will bring you under these tax benefits.


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

  • Consultant Syed
  • Consultant Jagannadh
  • Consultant Mohit
  • Consultant Arjun
  • Consultant Steffi
  • Consultant Prajakta
Status

150+ Loan Specialist to help you

Free
Education Loan Guidance

3X Loan Approval chances

100% Unsecured Education Loan

100% Loan Without Income Proof

7.65% - Lowest Interest Rate

Save INR 4,00,000 with us

Get your doubts clarified now

1

150+ Education Loan Experts Online

FREE Expert Loan Guidance

  • Lowest Interest rate
  • Full Moratorium
  • 100% Unsecured Loan
  • 3X Loan Approval Chances
  • 100% Funding
  • Loan without parents income