Now, education expenses can be easily financed with the Educational Finance system at Al Baraka Bank, which is specially designed to match your expectations and achieve your academic aspirations, through easy procedures, convenient payment systems, and more.
Terms and Conditions Apply
Al Baraka Bank Egypt B.S.C. (C) All rights reserved
-
Features
- Without down payment.
- Financing amounts: Up to EGP 250,000.
- Tenor: Up to 60 months.
- Debt burden ratio: 50% of net income.
- Competitive rates.
- Sharia-Compliant: Al Baraka Bank’s education finance adheres to sharia principles (Ijara).
-
Required Documents
- Valid National ID (for Egyptians)
- Valid passport, Valid Residency Permit (for foreigners).
- Recent Utility Bill (phone, electricity, gas, etc.).
- Price offers from schools or universities.
Proof of Income for employed
- Salary Transfer: An undertaking approved by our bank to transfer salary or installment + a recent income certificate.
- Non-Salary Transfer: 6 months statement (personal) or recent HR letter certified by a bank signature or eagle stamp that has not been older than a month
Proof of Income for self-employed
- 6 months statement personal or corporate.
- Recent commercial register & Valid tax card.
-
Eligibility
Education finance is eligible to:
- Age from 21-60 years (employed).
- 65 years (self-employed).
For more information fill out the form below and one of Al Baraka Bank’s representatives will contact you.