Education Loan

Education Loan

Now rest assured about your children’s education with an Educational Loan from SAIB. You will have various advantages including the following:

Advantages:

  • Financing up to 75% of the education tuition fees.
  • Financing from 5,000 EGP up to 100,000 EGP
  • Financing period from 6 to 12 months
  • Easy to pay at any SAIB branch

Applicants’ Categories

  • Employees (Public Sector / Private Sector)
  • Businessmen
  • Professionals

Conditions Required from the Applicants:

Employees:

  • Nationality : Egyptian.
  • Age: Minimum age of 24 years old and maximum age of 60 years old at the end of the financing payment period.
  • Total monthly income: not to be less than 4,000 EGP.
  • Employment period with the current employer : not to be less than Two Years .

Businessmen & Professionals :

  • Nationality : Egyptian.
  • Age : Minimum age of 25 years old and maximum age of 65 years old at the end of the financing payment period.

Required Documents:

General Documents:

  • A valid National ID Card.
  • Recent Utility Bill (water/gas/electricity) doesn’t exceed 3 months
  • Certificate of Enrollment issued by the educational entity
  • Income Proof documents

Other Documents based on the Applicants’ Category:

Businessmen:

  • A Valid Commercial register
  • A valid Taxation card.

Professionals:

  • License to practice
  • Operation license
  • A valid Taxation Card

Note:

In the event of borrowing by guarantees of banking deposits and certificates, finance shall be granted for 90% of the banking deposit or certificate value, provided that more payment programs are available (fixed installments, ONE year grace period).

All Terms and Conditions shall apply.