Your life in safe hands!
Maintain your peace of mind with life insurance during your loan repayment period
Features Fund learning opportunities for yourself or your children and jump start your future
Loan amounts that suit your income
Receive a loan of up to EGP 350,000 based on your cash flow to guarantee you the best repayment experience up to 5 years! Pay monthly installments of up to 50% of your monthly salaryPreferential interest rates
Use our loan calculator to find the best loan program for you, depending on how much you can pay monthly, or the bulk amount you need at 14.5%
Fastest approval process
Go through a quick approval process, and provide minimal documentationBenefits The benefits of taking out a CIB Educational Loan
A flexible repayment period
Repayment periods of up to 5 years give you the flexibility to repay your loan at your comfort
Loan calculator Get an estimate of what your loan might look like
Calculate your repayments
Enter your preferred amount and estimate your monthly payments
Start calculatingRepayment examples of typical sums borrowed
-
Borrow EGP 30,000 & repay over 8 years
EGP 619.27 per month
-
Borrow EGP 40,000 & repay over 8 years
EGP 825.70 per month
-
Borrow EGP 60,000 & repay over 15 years
EGP 1,211.93 per month
Offers Discover the newest offers with CIB
We add new offers all the time, so remember to check back for the latest deals
Rates and charges The rates and charges of the Educational Loan
| Description | Fees & charges |
|---|---|
| Assessment Fees | EGP 200 (One-time payment) |
| Service Fees | EGP 50 (Monthly) |
| Administration Fees | 1 % of total loan amount |
| Early Settlement Fees | 7% of total paid amount |
| Early Settlement Fees (Buyout) | 10% of total paid amount |
| Clearance Letter | EGP 50 |
| Liability Letter Issuance Fees | EGP 50 |
| Facility Rescheduling Fees | 2% on the outstanding balance |
| Late Payment Fees | 5% on late payments |
| Government Stamp Duty (Paid Quarterly) | 0.05% on highest closing debit balance in the Quarter |
| Life Insurance | Obligatory for unsecured loans |
Requirements What you need to get your Education Loan
Request an Education Loan now and we will be in touch within 48 hours
Copy of a valid ID for Egyptians or passport for non-Egyptians
Recent telephone, electricity or gas utility bill (maximum three months old)
Recent HR letter or three salary slips or bank statements to cover the last six months (for non-payroll clients)
Additional documents may be requested depending on the case.
To apply for one of CIB’s unique loans, simply follow these steps:
- Complete the application form online or visit one of our conveniently located branches around Egypt
- Provide the documents required for your loan
- If approved, a CIB representative will contact you accordingly.
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