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Jordan Kuwait Bank Education Loan | Middle East University

Target Audience:

  • Bachelor's Degree Students:
    • Students whose salaries are transferred from approved companies, providing a guarantee from one of the parents, with no requirement to transfer the guarantor's salary.
  • Master's Degree Students:
    • Students whose salaries are transferred from approved companies, without requiring guarantors.
  • Students Employed at Non-Approved Companies:
    • The loan is granted through a first-degree relative working at an approved company, whose salary is transferred (or will be transferred) to the bank, along with the student's guarantee.

Product Benefits:

  • Loan Amount: Based on the students’ outstanding university tuition fees, subject to a maximum limit of 20,000 JOD.
  • Interest Rate: 0% interest rate charged to the student/client.
  • Maximum loan tenor: up to 5 years.
  • Grant Commission: Free (No granting fees).
  • Early Settlement Fee: Free (No early repayment commission).
  • Grace Period: Up to 3 months.

Terms and Conditions for the Educational Loan Product (In Collaboration with Middle East University):

  • Minimum Monthly Income: Must not be less than 750 JOD.
  • Nationality: The student must hold Jordanian citizenship.
  • Academic Requirement: Completion of the first university year successfully, with all due fees paid without delay.
  • Applicant's Age: Must be between 19 and 30 years old.
  • Guarantor's Age: Must not exceed 70 years at the maturity/end date of the loan.