Oman - Guidance to Apply for Student Loan

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Procedure

Applying for a Student Loan Banks

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. The Education Loans usually include almost everything that is required for attaining education, including living expenses as well.

Parents and students can now obtain our education loan from any branch of any bank. The loan amount can extend to OMR 25, 000, which is considered to be the highest amount provided by any education loan in Oman. They give the parent/student a chance to start paying back the loan one year after graduation. The education loan is offered at the lowest interest rate to encourage students to complete their studies.

Applicants can apply for a loan at any branch near them, or request for a Direct Sales Agent to visit them.

In order to evaluate the qualification, the minimum set of documents required are an ID card copy, a salary certificate (mentioning the salary and the date of employment) and bank statements for the previous six months.

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Required Documents

• Application form
• Identification documents
• A copy of your passport

Office Locations & Contacts

Please list down the office locations that can be approached for applying. External links can also be used specifying office locations.

Eligibility

Omani students pursuing a higher education

Omani employees looking for advancement in educational qualifications

Fees

Explain the fees structure which is required for obtaining the certificate/document.

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

Please explain processing time taken in obtaining the document/certificate.

Related Videos

Videos explaining the procedure or to fill the applications. 
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Instructions

You can apply for a loan at any bank near you.

Required Information

• Name
• Personal identity number
• Residence
• Phone
• E-mail address
• Country
• Higher education institution
• Study program
• Credit needed
• Signature

Need for the Document

An education loan is a form of financial aid that must be repaid, with interest.

An Educational loan is a sum of money lent to a account, to be opened by an individual and his ward for the sole purpose of payment of fees for undergraduate studies, in a University recognized by the Ministry of Higher Education only, whether within or outside the Sultanate of Oman.

Information which might help

To meet the growing demand, several banks has 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.

Other uses of the Document/Certificate

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.

External Links

Ministry of Higher Education Oman

Ministry of Education

Others

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.