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 and convenient payment systems, in order to ensure the importance of education and its contribution to building a better future.
Terms and Conditions Apply
Al Baraka Bank Egypt B.S.C. (C) All rights reserved
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Features
- Without down payment.
- Finance amounts up to 250,000 EGP
- Tenor up to 60 months.
- Debt burden ratio 50% of net income.
- Competitive rates.
- Sharia based product (IJARA)
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Required Documents
- Valid National ID (for Egyptians)
- Valid passport/Valid Residency Permit (for foreigners).
- Recent Utility Bill (phone-electricity-gas- etc.).
- Price offer from schools or universities.
Proof of Income for employed
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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
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Eligibility
- Age from 21-60 years employed and 65 years self-employed.