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عربي
Arab African International Bank – Education Loan (EduInvest)
Arab African International Bank – Education Loan (EduInvest)
19.50%
Advertised Rate
2,935
Monthly Repayment
500,000
Loan Amount
Type of Loan - Salary Transfer
No Salary Transfer
With Salary Transfer
Features & Benefits
Loan Amount
500,000
Loan Term
Up to
7 years.
Competitive Interest Rate
Free life insurance.
Requirements
Education Loan could be given to the student in case he works
The parents /guardians could receive the loan amount in case the student doesn’t earn a fixed salary
Minimum age of 21 year-old and a maximum of 65 year-old
The Loan amount paid directly to the educational entity
The customer should have an account with AAIB
Minimum loan amount EGP 15,000 and up to EGP 500,000
Pay in 12 equal installments yearly to the educational entity
Pay interest only for the first 3 years
Documents Required
Valid National ID
Recent residence utility bill (maximum 3 months)
Minimum salary transfer period one month only
Commitment letter to transfer the salary from the employer
Approved statement of tuition expenses for students
Fees & Charges
2% commission fees
3% for early full payment
2% late payment fee per installment
0.0005% every 3 months stamp duty
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