To meet the growing demand, several banks have launched a new education loan, featuring easy ways to qualify for the loan and the postponement of large payments until after graduation, where parents need only pay down the interest during the study period.
In order to get an Education Loan, students need to check with the various banks and agencies that provide them.
Moreover, the interest, repayment options, cycles, required documents and everything else related to the Education Loan should be very clear to the students.
After choosing the best available Loan options, students can contact the relevant bank or agency and may apply for it.
A Student Loan Advisor can provide you with an estimate of the amount of educational debt you can reasonably afford, given the expected starting salary for your major.
Please make sure that your application form is submitted, with all information completed together with the required supporting documents and information, on or before the deadline so that your application could be processed promptly.
Please list down the office locations that can be approached for applying. External links can also be used specifying office locations.
Kuwaiti students pursuing a higher education
Kuwaiti employees looking for advancement in educational qualifications
Explain the fees structure which is required for obtaining the certificate/document.
Explain the time until which the certificate/document is valid. e.g. Birth Certificate Valid Forever
Please attach documents that can be used by people. e.g. links
Please attach sample completed documents that would help other people.
Please explain processing time taken in obtaining the document/certificate.
Videos explaining the procedure or to fill the applications. Attach videos using the following tag <&video type="website">video ID|width|height<&/video&> from external websites. Please remove the "&" inside the tags during implementation. Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver, sevenload, viddler, vimeo, youku, youtube width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed. e.g In the following url "http://www.youtube.com/watch?v=Y0US7oR_t3M" Video ID is "Y0US7oR_t3M".
You can apply for a loan at any bank near you
Most of the major banks offer interest-free or cut-rate loans to students.
The interest free student loan is a multi-purpose loan for students. It is available throughout the year to fund expenses such as travel, living expenses and general back to college expenses.
The completed application form together with photocopies of supporting documents (e.g. copies of income proof and bank accounts showing all transactions in previous financial year, etc.) should be returned by the deadline through your institution, which will forward your application and supporting documents to the Office for processing.
Education can enrich your life and re-define your future. It equips young adults with knowledge, provides the resources to meet and face challenges and is a means to realize life's goals.
Banks often provide personal loans or overdrafts to students at preferential rates. The main banks will have further information on their websites. Always shop around to get the best deal.