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Account Name

AAIB
(1 rate)

EduInvest-Start Up-self employed

Product Rate

(0 rate)

Benefits

" •Competitive interest rates •Loan covering up to 90% of tuition fees •Flexible repayment tenors reaching up to 12 months (1 year) •Customers have the option to take insurance cover on the full sanctioned loan amount for the fee payment period; in case of unfortunate event of death (during fee payment period), the insurance will pay for settling the outstanding loan amount and the remaining tuition fees, which the Bank will pay to the educational institution on due dates"

Overview

Start-Up loan enables you to spread your multiple fee payments over a year. Make your multiple payments to the school and repay your loan over a 12 month period in equal monthly installments.

Offers

Special offers

Details

"Loan granted to students (if they are earning), or their parents / guardians •Loan for paying education fee to approved educational institutions in Egypt •Loan disbursed in tranches matching educational institution fees schedule •Limit approval and loan disbursement according to school / university letter, and disbursed directly to the institution "

Eligibility

Loan granted to students (if they are earning), or their parents / guardians

Documents

"- Copy of valid ID - Utility bill (gas or electricity) - 12 months bank statement - Valid license for pursuing a profession/ commercial register -Tax card and latest 3 tax payment receipts -Shareholders profile "

Currency

EGP

Fees

Application Fees: 2 EGP

One Time Fees: --- EGP

Monthly Fees: --- EGP

Annule Fees: --- EGP

Interest Rate

19.5 %

Interest Type

Declining Rate

Min Tenure

6 Months

Max Tenure

12 Month

Min Amount

15,000 EGP

Max Amount

100,000 EGP

Max Amount To Annual Income

1 Times

Max Installment To Net Monthly Income

35 %

Min Age

25 Years

Max Age

60 Years

Min Net Monthly Income

10,000 EGP

Max Net Monthly Income

100,000 EGP

Employment Status

Self-employed

Business Type

Doctor Engineering Consultant Accountant Other

Employer Type

Multinational Local Private Public Sector Government

Processing Time

5 Days