This product enables student to finance their university education in a manner that suits the incomes available in their families. While the product is designed to encourage students to academically excel and to participate socially through a number of discounts measured upon academic performance, recognition of voluntary work, impairment and the availability of other university students in one family.
Loan amounts |
200- 3,000 JD |
Repayment Period |
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200-599 |
15 |
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600 - 1000 |
20 |
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600 - 1000 |
24 |
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Percentage of Administration Fees |
Pertaining to universities that signed with NMB a mutual agreement to settle tuition for students and commence with graduation:
Pertaining to universities that did not sign with NMB a mutual agreement to settle tuition for students and commence with graduation:
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Summary of Percentage of Administration Fees with no discounts |
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Grace period Fees |
No . of days (grace period since check disbursal)/360*loan amount*interest% |
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Payment Date |
The 25th of each month |
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Grant Commission |
Amount of loan |
from every monthly installment beginning from check disbursal. | |||||||||||||||||||||||||
200-1,999JD |
1JD |
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2,000 – 3,000JD |
2JD |
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Penalties |
The percentage reaches 0.003 daily from the amount of the loan and/or due installments from each day of delay at a minimum of 1JD a day from every day of delay from paying an installment or part of an installment at the due date. |
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Age of client / guarantor |
18-65 years |
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Gender of client |
Male or Female |
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Added Value Services |
Compensation for loss of customer income during hospitalization. |
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Payment options |
NMB Branches |
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E-Fawateercom |
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Commercial Banks (Housing Bank &Jordan Kuwait Bank) |
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NMB Mobile App. |