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عربي
Al Baraka Bank – Albaraka Education Loan
Al Baraka Bank – Albaraka Education Loan
16.75%
Advertised Rate
2,810
Monthly Repayment
250,000
Loan Amount
Type of Loan - No Salary Transfer
No Salary Transfer
With Salary Transfer
Features & Benefits
Loan Amount
250,000
Loan Term
Up to
5 years.
Competitive Interest Rate
Free life insurance.
Features
The minimum age should not be less than 21 years old, and the maximum age is 65 years old
The banking Finance program is compliant with Islamic law
An easy and quick approval process
Tuition fees could be paid for more than 1 student at the installment maturity date
Receiving a Reward in case of early settlement
Salary transfer is not required
Issuing a cheque to the University or the school at the tuition installment maturity date
Documents Required
Valid National ID
Recent residence utility bill (maximum 3 months)
Commitment letter to transfer the salary from the employer
Loan application form
Fees & Charges
2.5% administrative fee for personal banking
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Monthy Salary
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