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Nasser Bank Updates Education Loan Policies
Nasser Social Bank, chaired by Dr. Maya Morsi, is adjusting the terms of its Education Expenses Financing product to provide more flexible benefits for Egyptian families, including the option to installment the university fees. The new product offers full financing of expenses, disbursed in annual installments, and links the unused amounts in a savings fund with an annual return of 15%, thereby enhancing the value of returns and providing an investment for future needs. The modification aims to assist families in coping with rising educational costs, facilitate financial planning, reduce administrative costs, and lower interest rates by 0.5% compared to cash financing. It particularly targets government employees, private sector workers, and pensioners.
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