(MENAFN- Muscat Daily) Bank Muscat the flagship financial services provider in the sultanate as part of its commitment to the national objective of educational support for Omani youth has launched a unique educational finance for citizens.
The Shahadati educational finance is designed to help Omani youth achieve their career advancement with relevant educational qualifications. They can now pursue their higher education in Oman or abroad without financial constraints.
Customers working in government quasi-government and accredited private sector companies can apply for the Shahadati educational loan for providing the best of higher education for their children.
The Shahadati loan can be repaid within a maximum term of ten years. In addition there is financial flexibility for customers; where during the study term the customers/guardian will pay only the interest portion of the loan.
This will facilitate the customers/guardians from carrying a high financial burden when considering higher education for their children. After completion of the study programme a grace period of 12 months is available to begin repayment of loan until the student gains suitable employment. This will instill a sense of financial responsibility among the young citizens as they begin a successful career after their higher education.
Amjad Iqbal Hassan al Lawati head of products and service management said 'Shahadati opens up a great opportunity for the future of Omani youth. Quality education is the key to a secure future and Shahadati makes it achievable by encouraging Omani youth to pursue higher education at home or abroad.'
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