Meethaq Education Financing

Meethaq Education finance will help you achieve your dreams in a Shariah compliant manner.

Features:
  • 100% financing facility of the total education cost
  • Easy Installment Plans
  • Competitive Pricing
  • Takaful Coverage for Life  (where the finance amount/outstanding is cover in event of death or total disability )
  • Services provided by the best Education providers across the Sultanate and approved by Meethaq. Click here to view vendors list.
  • The eligibility for Education finance is based on the age, salary, employer type, indebtedness of the applicant
  • Pensioners can also avail Finance by assigning Pension to the Bank
  • All fees and charges will be applicable for Pensioner unless stated otherwise
  • Pensioners do not have to pay pre-payment fees
  • The customer may obtain the life and property Takaful policy if required under this Finance independently or, through the Bank, via the Bank’s Takaful partner
  • The Bank reserves its right to treat all sub-accounts held under the name of the customer at the Bank as one single combined account for the purpose of setting-off outstanding debits and credits
  • In case of default, the Bank reserves the right to recover the outstanding amount by the measures permitted by law and the terms and conditions as laid out in the Finance Agreement

The Bank shall endeavor to pre-notify the customer of any amendments to the Terms and Conditions by way of SMS to the customer’s registered mobile number or e-mail to the customer’s registered e-mail address or upload to the Bank’s website.

Eligibility:
  • Minimum* monthly salary of OMR 250 for Omani nationals and OMR 300 for Expats, can avail meethaq education finance facility.
Documents Required:
  • Copy of National Resident ID/Passport with valid visa page.
  • Salary Transfer Letter in favour of Meethaq Islamic Banking - Bank Muscat.
  • Declaration of any other liability (if any).
  • Address proof (Water bill, Electricity Bill etc.).
  • Education quotation from authorized Education operator favoring Meethaq Islamic banking.
Key Terms & Conditions:
  • In case of pre-payment, Prepayment charges will apply.
  • In case of late payment, late payment charges will apply.

FAQs:

Fees & Charges

*terms & conditions apply​​​​

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