Al Baraka Bank – Albaraka Education Loan

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