Bank Muscat's Shahadati finance opens up doors for college education

Date

8/21/2016 12:39:47 AM

(MENAFN- Muscat Daily) Muscat-

The Shahadati educational finance launched by Bank Muscat as part of its commitment to the national objective of educational support for Omani youth has fired the ambitions of a number of aspiring students seeking college or higher education opportunities in Oman and abroad.

Designed to help Omani youth achieve their career advancement with relevant educational qualifications, Shahadati finance covers full expenses, including tuition fees, accommodation, transportation, books and other education related expenses required by students.

Omani students who have successfully completed their schooling are eligible to apply for Shahadati finance to pursue college or higher education programmes in Oman or abroad. The application for loan assistance must be signed and guaranteed by his/her guardian working in government, quasi-government or accredited private sector companies.

The Shahadati loan repayment tenure is ten years. During the study term, the guardian undertakes to pay only the interest portion of the loan. 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.

The Shahadati educational finance is also available for Omani students seeking to pursue programmes abroad at institutions approved and recognised by the Ministry of Higher Education.

Abdullah Tamman al Mashani, DGM Institutional Sales and Product Development, 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 college or higher education at home or abroad. Shahadati ensures that customers do not feel the financial burden while pursuing higher education programmes.'

With employment prospects directly linked to relevant educational qualifications, Omani youth are increasingly pursuing college or higher education. Shahadati addresses this critical need.

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