Banque Misr offers all its clients loans to pay the expenses of private and government schools and universities, in order to reduce the burden of school expenses on the whole Egyptian family.
Al-Mustaqbal monitors for all its followers all information on how to obtain an education loan from Banque Misr.
The education loan is granted to Egyptians through the following financing programs:
The employees undertake the employer to transfer the salary and the monthly installment.
Employees with proof of income.
Self-employed and owners of commercial and industrial activities.
Pension holders and beneficiaries (with or without pension transfer undertaking).
Owners of savings vessels (for Egyptians and foreigners).
General conditions for obtaining the loan:
Competitive return price
The minimum age of the borrower is 21 years.
The maximum loan amount is up to EGP 500,000 (with specific conditions).
The financing rate is up to 100%.
Financing tenure of up to 84 months.
The basic documents required to obtain the loan:
A valid copy of the national ID card.
Submit a utility receipt at the customer’s residence (gas – electricity – water – telephone).
A certified statement of tuition expenses.
Monthly salary vocabulary certificate.
An undertaking by the employer to transfer the salary/monthly installment (in the case of the undertaking by the employer).
For self-employed and commercial and industrial activities, how to obtain a loan from Banque Misr:
A copy of the tax card.
A copy of the license/permit to practice the profession (for free professions).
A copy of a recent official extract from the commercial register.
Bank statement for 6 months.
For pensioners and beneficiaries:
A statement of the amount of the pension.
A statement of pension beneficiaries (in the case of pension recipients).
A pledge to transfer the pension monthly (in the event that the pension recipient undertakes to transfer the pension).
Additional benefits from Banque Misr:
The customer is granted a free life insurance policy for the life of the loan.
Possibility to fully finance a study stage.
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