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Nasser Bank Offers Education Installments
The Social Solidarity Bank, headed by Dr. Mayya Morsi, has revised the terms of its educational expenses financing to facilitate the payment of educational costs, including for the first time the possibility of installment payments for university fees. The updated product offers full financing for the entire education stage, with funds disbursed in annual installments according to actual expenses, and the remaining financing tied into a savings account with an annual yield of 15%. This allows families to earn returns on unused amounts and benefit from the value of the financing throughout the study period. Additionally, the interest rate has been reduced by 0.5% compared to cash loans, and administrative fees have been eliminated, all aimed at making it easier for families to manage educational costs. The program benefits groups such as government employees, business sector workers, and retirees, thereby supporting family stability in the face of rising education expenses.
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