Educational Loan
Guarantee your children’s education with the Educational Loan from saib. You will have various advantages including the following:
Advantages
- Financing up to 75% of the tuition fees.
- Financing starts from EGP 5,000 up to EGP 100,000.
- Financing period from 6 months to 12 months.
- Competitive interest rates.
- Possibility of paying installments by transferring salary/installment in addition to other multiple channels (bank branches, bank ATMs, bank transfers, ...)
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.
- Minimum monthly salary of 5000 Egyptian pounds.
- Minimum 4 years of business activity.
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 recent version from the commercial register (not older than three months).
- A copy of the professional license and the establishment license.
- A valid tax card for the activity.
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.
- The Bank has the right to request additional documents if necessary.
All Terms and Conditions apply.
For more information, please call 16668 24/7 or visit us at the nearest branch.
