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Features

  Description 
Currency USD
Financing Up to 100% of the tuition fees
Grace period 1 year grace period after the graduation date
Loan Period 10 years after the grace period
Interest Rate 4%
Repayment System During study and 1 year after graduation: Monthly interests payments
After grace period: Monthly installments covering capital + interests
File and Commission Fees 0
Prepayment option Prepayment option: Accepted
Prepayment commission and penalty: No penalty is charged 
Minimum advanced payment:0




Eligibility

    Student related:
  • Completed successfully the 1st year in the university
    • Grantor related:
  • Monthly installment: 
    Not to exceed 1/3 of the monthly income in case the guarantor is an employee
    Not to exceed 1/4 of the monthly income in case the guarantor is self-employed
  • Guarantor requirements: Required on a case-by-case basis depending on the loan amount
  • Other guarantees: Required on a case-by-case basis depending on the loan amount
  • Minimum period of experience for the guarantor: Be employed for more than 1 year or self-employed for more than 2 years (with at least 2 years of profit)
  • Salary domiciliation: Required (in case the guarantor is an employee)

Required Documents

  • Student’s personal documents:
    Certificate of individual status or identity card
    Recent proof of residence: mayor certificate or electricity bill in the name of the applicant (6 months old maximum)
    Grades of the last school year
    Justification of income: if the student works
  • Academic documents:
    University certificate stating: The remaining total university tuition fees until obtaining the degree, Type of university degree, Remaining period for obtaining the diploma, Settlement period
    For students wishing to pursue higher education: the university degree + the grades

    • Documents related to guarantor:
  • Guarantor’s personal documents:
    Certificate of individual status or copy of identity card
    Recent family status certificate (3 months old maximum)
    Recent proof of residence: mayor certificate or electricity bill in the name of the applicant (6 months old maximum)
    Copy of the apartment location title deed or renting contract
  • Applicant’s proof of income documents:
  • For employees:
    Authenticated salary certificate (specifying the position, the employment starting date and the monthly salary)
    NSSF (National Social Security Fund) historical report or mention the number of the NSSF on the salary certificate
    Statement of account for the past 6 months showing the salary domiciliation if any
  • For self-employed:
    Balance sheet for the past 3 years
    Copy of bank account statement for the past year
    Copy of the commercial circular (If applicable)
    Copy of the company location title deed or renting contract 

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