Financing different stages of education; school, undergraduate and postgraduate degrees and specialized courses.

Education loans are granted to Egyptians through the following finance schemes:

• Employees with a pledge from their employing company to transfer the monthly salary / installment
• Employees with proof of income certificate
• Self-employed professionals and commercial and industrial business owners
  
• Pensioners / Pension Beneficiaries  (with or without a pledge to transfer pensions)
• Loans guaranteed against savings deposits (Egyptians and foreigners)

General conditions for granting the loan:

• Competitive interest rate
• The debtor must be at least 21 years old
• Loan capped at up to EGP 500,000 (conditions applicable)
• Financing worth up to 100% of the value of tuition
• Loan period of up to 84 months

Required documents:

• Copy of a valid national ID card
• Recent original utility bill at the customer’s residence (gas, electricity, water, telephone)
• Letter documenting tuition fees

For employees:

• A certificate of income is required
• Employer's pledge to transfer the monthly salary / installment (in the case of employer’s pledge)

For self-employed, commercial and industrial business owners:

• Copy of tax card
• Copy of license/permit to practice the profession (for self-employed)
• Recent official extract from the commercial registry
• Bank statement for the previous 6 months or income statement from a public accountant, approved by the Central Bank of Egypt or the Egyptian Society for Accountants and Auditors.

For pensioners:

• Certificate of pension
• Beneficiaries of the pension (in the event of existing beneficiaries)
• Pledge to transfer the monthly pension (in the case of the entity undertakes to transfer pension)

Additional benefits:

• Free life insurance policy throughout the loan period
• The possibility of funding an entire stage of education

*Terms and conditions apply