Educational Loan - saib

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Borrowing

Educational 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

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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.
Completed loan application form with all data.
An enrollment certificate from the educational facility stating the total value of the required tuition fees, the name of the student (the son or daughter of the client) and the academic year

Other Documents based on the Applicants’ Category

Businessmen and Professionals

A Valid Commercial register
License to practice & Operation license
A valid Taxation card.

Employees

Original recent income certificate approved by the employer indicating the date of appointment, job grade and monthly income or a bank statement of 6 months showing the customer’s salary or receipt slips approved by the company Stamp HR.

Note:

The Bank has the right to request additional documents if necessary.

All Terms and Conditions shall apply.

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