Education installments

Education installments

Alinma bank offers its customers the ability of paying the educational tuition fees with a convenient installment without a profit margin or administrative fees with the Education installment.

 

Apply Now

 

Features:

  • Fully Shariah-compliant
  • No administrative fees or profit margins
  • Available for education levels from kindergarten through high school, as well as training institutes
  • Repayment periods from 12 to 60 months
  • Ability to choose from Alinma’s list of approved schools and educational institutions
  • Available for both Saudis and expats
  • Ability for customers to specify beneficiaries of their choosing
  • Outstanding balance will be waived in case of death (God forbid)

 

Terms and Conditions:

  • Minimum age of 18 is required for Saudis
  • Minimum age of 21 is required for expats
  • Only schools and educational institutions approved by Alinma Bank are eligible
  • Acceptance letter from the school or educational institution is required

 

*Terms and conditions apply

 

Example:


You have 3 children: Sara, Abdullah and Bader, Studying at private schools with total annual schools fees of SAR 36,000. Instead of paying the whole schools fees at once, with the education financing service you can pay this amount in monthly installments up to 60 months without any additional profit margin or any fees.

 

The following table shows how the monthly installment is calculated:

School Level

Monthly installment

Annual school fees

Profit Margin / other fees

Bader – Primary/Elementary School

SAR 1,000

SAR 12,000

Zero

Abdullah –Middle/Intermediate School

SAR 1,000

SAR 12,000

Zero

Sara – Secondary (High) School

SAR 1,000

SAR 12,000

Zero

TOTAL

SAR 3,000

SAR 36,000

Zero

 

 

schools and educational institutions approved by Alinma Bank are eligible

City

area

schools Names

RIYADH

Central

MASHAEL AL RABEYAH BOYS SCHOOLS

RIYADH

Central

AL REYADAH AL KHALEJI CENTER

RIYADH

Central

RAWAD AL JAZERAH SCHOOLS

RIYADH

Central

Al ndalusia schools

RIYADH

Central

alwsat schools

RIYADH

Central

alarid schools

RIYADH

Central

AL AOFOQ SCHOOLS (Ajyalna co.)

RIYADH

Central

AL Maarefa College

RIYADH

Central

AL Jazeera International

RIYADH

Central

AL manahg schools Girls

RIYADH

Central

AL Alamiah For Education & Training

RIYADH

Central

AL Faisal International Academy

RIYADH

Central

Aloom Alriyadh-Alkhleeg

RIYADH

Central

Alabtkareh School

RIYADH

Central

Al tdamn School

RIYADH

Central

Al amgad School

RIYADH

Central

Al hegaz School

RIYADH

Central

Al nawabq School

RIYADH

Central

Al-ZARQA COMPNY

RIYADH

Central

AL RWAAD (AL AMIRYAH - GIRLS)

RIYADH

Central

AL RWAAD SCHOOLS (HANIN- BOYS)

RIYADH

Central

AL RWAAD SCHOOLS

RIYADH

Central

Shoroq Al-Marefa

RIYADH

Central

AL RWAAD (AL AMIRYAH - BOYS)

RIYADH

Central

ALRWAAD (AL FAGER-BOYS)

RIYADH

Central

KINGDOM SCHOOLS

RIYADH

Central

ALRWAAD(HANIN-GIRLS)

RIYADH

Central

ALMAALI

RIYADH

Central

AL GEEL SCHOOL

RIYADH

Central

GEEL ALRYADH SCHOOL

RIYADH

Central

UM ALQURA SCHOOL

RIYADH

Central

ALRWAAD ALESHRAQ BOYS SCHOOL

RIYADH

Central

ALRWAAD ALNKBAH - GIRLS SCHOOL

RIYADH

Central

ALRWAAD (AL ISHRAQ - GIRLS)

RIYADH

Central

IBNKHALDOUN SCHOOL

RIYADH

Central

ALROSHD SCHOOLS

RIYADH

Central

ADHWA ALRIADH SCHOOL

RIYADH

Central

SHEBH AL JAZZERAH SCHOOLS

RIYADH

Central

AL HEJAZ SCHOOLS

RIYADH

Central

AL ARQAM SCHOOLS

RIYADH

Central

AL KHALEEJ FOR TRAINIG AND EDU.

RIYADH

Central

ALSNABEL SCHOOL

RIYADH

Central

ALMUSTAQBL SCHOOL

RIYADH

Central

AL TALAEA SCHOOL

RIYADH

Central

AL TAWHED SCHOOL

RIYADH

Central

AL SEMO SCHOOL

RIYADH

Central

AL SAHAFAH SCHOOLS

RIYADH

Central

AL TARBIYAH AL ISLAMYAH SHCOOLS

RIYADH

Central

AWAEL AL MOBDEEN SCHOOL

RIYADH

Central

AL REQI SCHOOL

RIYADH

Central

DAR AL QALM SHCOOLS

RIYADH

Central

AL SUFARA SCHOOLS

RIYADH

Central

Ansam Ins. Wall Street Salah AL Din

RIYADH

Central

ALGHAD COLLEGE CO.

RIYADH

Central

AL Mazaya Private Schools

Buraydah

Central

INT. ACADEMY OF HEALTH SINCES

RIYADH

Central

PRIME HUMAN RESOURCES SOLUTIONS

RIYADH

Central

ARAB EAST COLLEGES

RIYADH

Central

Design Innovation Institute for Training

RIYADH

Central

Knights of the island schools

RIYADH

Central

flying wings for training co

RIYADH

Central

MAJMAAH UNIVERSITY EDUCATION PROGRA

RIYADH

Central

Centennial Higher Institute

 

 

schools and educational institutions approved by Alinma Bank are eligible

City

area

schools Names

Dammam

Easterly

AL ESHRAQ SCHOOLS (Ajyalna co.)

Dammam

Easterly

AL MOUWASAT APPLIED SCIENCE INS.

KOBAR

Easterly

AJIAL ALMWAHEB

Dammam

Easterly

Technical Institute of Eng. Pet.

ALAHSA

Easterly

Fatat Hajr Institnte

ALAHSA

Easterly

Hajr Health Science Institutes

ALAHSA

Easterly

Al-Angal

khobar

Easterly

Ansam Ins. Wall Street (Alakrbip)

ALAHSA

Easterly

AL Kifah Private Schools

Dammam

Easterly

The Saudi National Company of Aviation

Dammam

Easterly

knights of the island schools

Dammam

Easterly

national aviation academy

Dammam

Easterly

MOHAMMED AL MANA COLLEGE

qatif

Easterly

ENGLISH TIME

khobar

Easterly

GHERASS ALAJYAL COMPANY

 

schools and educational institutions approved by Alinma Bank are eligible

City

area

schools Names

Jeddah

western

DAR AL FEKER SCHOOLS

Taif

western

altarbia schools

Jeddah

western

Alharmain School

Jeddah

western

AL WATAN SCHOOL

Jeddah

western

AL QADESEYA SCHOOL

Taif

western

AL KHALIL SCHOOLS

Jeddah

western

SEBAI INSTITUTES

Jeddah

western

Al Eklass School

Jeddah

western

Al rehab School

Jeddah

western

Al aqssa School

Jeddah

western

Dar Althqafh School

Jeddah

western

Al ebeer School

Jeddah

western

Anwar Alshoa'a School

Hwiyah

western

Angal Al Mamlakah - Al hawyah

Jeddah

western

Ahleyat Al Baean

Jeddah

western

Angal almamlkh

Jeddah

western

Jeel Al-Fissel

Jeddah

western

Dar Al-Arqam

Jeddah

western

Al-sarwat

Jeddah

western

Al-Manahl

khobar

western

ALFAISL SCHOOL

Jeddah

western

AL SALAMAH Intermediate School

Jeddah

western

ALSLAAM SCHOOL

Jeddah

western

ALSLAAMAH Elementary School

Jeddah

western

AL SALAMAH Secondary School

Jeddah

western

AL SHOROQ BOYS SCHOOL

Jeddah

western

DAR ALDEKR SCHOOL

Jeddah

western

RAWDEH ALBAWADE SCHOOL

Jeddah

western

AL REDHWAN SCHOOLS

Jeddah

western

AL OMAM GIRLS SCHOOLS

Yanbu

western

ALSDIQ SCHOOL - BOYS

Yanbu

western

ALSADEQ SCHOOL

Jeddah

western

AL MDAEEN SCHOOLS

Jeddah

western

ALMANHL SCHOOL

Jeddah

western

AL MAJDEYAH BOYS SCHOOL

Jeddah

western

TUHAMAH SCHOOLS

Jeddah

western

Al-Abeer School

Jeddah

western

ALSADEQ SCHOOL GIRLS

makkh

western

ALSADEQ SCHOOL GIRLS

Jeddah

western

ALTALEAH SCHOOL

Jeddah

western

AL RAHMEH SCHOOL

Jeddah

western

Salah Aldeen School

Madina

western

Ayman AbduGhani School Elemen Ryan

Madina

western

Ayman AbduGhani School Average Ryan

Madina

western

Ayman AbduGhani School SecondarRyan

Taif

western

Maali ALNamothegeh School

Madina

western

ALRayyan Academy For Health Sci Gir

Jeddah

western

Ansam Ins. Wall Street Men (Raodah)

Jeddah

western

Ansam Ins. Wall Street Girls Raodah

Jeddah

western

Ansam Ins. Wall Street Men Andalusi

Jeddah

western

Dar Arrowad Schools

Madina

western

Ideal Academy For Health Train Boy

Madina

western

Ideal Academy For Health Train.Girl

Jeddah

western

AL HEDAYAH AL HADETHAH SCHOOLS

Madina

western

Al Ryan girls schools

Taif

western

ALSHAFI PRIVATE SCHOOLS

Jeddah

western

MANGERIAL FINANCIAL TRAINING CTR

Jeddah

western

SCIENCE AND TECHNOLOGY COLLEGE

Jeddah

western

Batarjee Medicale College

Madina

western

Ansam Ins. Wall Street

Jeddah

western

RASHAD ABDULWAHAB FAQEHA BRANSH EST

Rabigh

western

Rabigh Wings Flights School

 

 

schools and educational institutions approved by Alinma Bank are eligible

City

area

schools Names

Abha

southern

Ansam Ins. Wall Street

Abha

southern

Manahel ALJameah For Education Trai

Najran

southern

DAR ALAHFAD SCHOOL

Abha

southern

abna alryada private schools

 

 

schools and educational institutions approved by Alinma Bank are eligible

City

area

schools Names

Hail

Northern

HAIL University Postgraduate studie

ARAR

Northern

North Education Company for Educati

 

*For more information Please call 8001208008

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