Ireland has emerged as one of the most preferred higher-education destinations for Indian students and the numbers speak for themselves. Over 6,422 Indian students received Irish student visas in 2022, a record increase driven by world-class universities, global research opportunities, and thriving job prospects.
A key attraction? Two-year post-study work rights under the Third-Level Graduate Scheme. Ireland is also Europe’s tech hub with giants like Google, Microsoft, Meta, LinkedIn, Amazon, and Apple headquartered in Dublin creating powerful career pathways for international graduates.
However, rising living costs and tuition fees mean students must plan finances carefully. This is where a Student Loan for Ireland becomes essential. With the right lender, students can secure a Low-interest overseas education loan, fast approvals, and smooth processing thus helping them focus on their academic journey stress-free.
This guide explains everything you need to know about education loans for Ireland, including costs, eligibility, loan types, documents, and how PayStudy makes financing simple through a Digital education loan platform with Fast approval overseas education loans.
Understanding the expenses upfront ensures you borrow smartly. Costs include tuition fees and living expenses
| Program | Average Fees (EUR) |
|---|---|
| Bachelor's Degree | €15,000 – €20,000 |
| Master’s Degree | €20,000 – €25,000 |
| MBA | €30,000 – €35,000 |
| Expense | Monthly Cost (EUR) |
|---|---|
| Rent | €1000 – €1200 |
| Food | €150 – €200 |
| Stationery/Education Needs | €100 – €250 |
| Travel | €100 – €150 |
| Miscellaneous | €300 – €500 |
Tip: Students in Dublin may see higher accommodation costs compared to other Irish cities.
To qualify for an Education loan for Ireland, students typically need to meet these criteria:
Education loans for Ireland can cover:
Students may request full disbursement or phased disbursement depending on university payment timelines.
There are two primary loan types:
| Lender | Max Loan Amount | Interest Rate | Margin Money |
|---|---|---|---|
| SBI | Up to ₹1.5 Cr | 10.65% (girls) / 11.50% (boys) | 10% |
| UBI | Up to ₹1.5 Cr | 10.50% – 10.85% | 10%–15% |
| Lender | Loan Limit | Interest Rate | Margin |
|---|---|---|---|
| Axis Bank | ₹40 Lakhs | 10.75% – 11.50% | 5% |
| ICICI Bank | ₹20 Lakhs | 11.50% – 12.00% | 15% |
| IDFC FIRST Bank | ₹35 Lakhs | 11.75% – 13.25% | 0% |
| Lender | STEM Loan Limit | Non-STEM Limit | Interest Range |
|---|---|---|---|
| HDFC Credila | ₹30 Lakhs | ₹25 Lakhs | 12%–12.50% |
| Avanse | ₹30 Lakhs | ₹25 Lakhs | 12.50%–13.25% |
| InCred | ₹30 Lakhs | ₹25 Lakhs | 12.50%–13.50% |
| Auxilo | ₹30 Lakhs | ₹25 Lakhs | 12%–13% |
Students typically need:
Apply immediately after you receive your Offer Letter from an Irish institution
| Lender | Repayment Tenure | Moratorium Options |
|---|---|---|
| SBI | Up to 15 yrs | Full moratorium / Simple Interest |
| UBI | Up to 15 yrs | No payment or SI |
| Axis Bank | Up to 15 yrs | SI / EMI |
| ICICI Bank | Up to 10 yrs | SI / EMI |
| IDFC FIRST | Up to 12 yrs | PSI / SI / EMI |
| Credila / Avanse / InCred / Auxilo | Up to 15 yrs | PSI / SI |
PayStudy makes your loan journey seamless via a Digital education loan platform:
Dreaming of Ireland? Finance it the smart way.Get fast, transparent, and secure loan assistance powered by India’s leading Digital education loan platform.
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