At HSBC Bank Egypt, we've developed an Education Finance Scheme to help you manage your financials smoothly and finance Education fees for your children.
With our Education Finance Scheme, you will enjoy:
Competitive interest rate of 15% on decreasing balance
Finance amount of up to EGP 100,000
Repayment period of 12 months
No minimum balance required in the account
Fixed monthly instalments
Specialised service from HSBC representatives to help with the application and to pick up documents
Minimum age should be 21, and maximum age is 65 years at the end of the finance repayment period
Customer should have Egyptian Nationality
Valid National Identification
Recent utility bill (maximum 3 months old) in the name of customer, if not a proof of relationship should be obtained. The utility bill (electricity or telephone or gas) should be with a minimum amount of EGP 9 for electricity, EGP 3 for gas, EGP 36 for telephone bills
School offer specifying student acceptance and required annual fees. Letter should be signed by the school authorized signatory and verified by a bank. The should mention child name, child grade, required fees and method of payment.
Proof of income: last 6 months' personal and/or corporate bank account statements
For the General Bank terms and conditions, please click here.
For the Bank tariff of charges, please click here.