Education Loans

Invest in Your Future with our Education Loan

A Loan to provide the coverage of financial needs either to university or scholar tuition or the tuition for training or educational courses.

Why Vitas?

Vitas understands the significance of education in unlocking opportunities and shaping a brighter future. With Vitas Educational Loan, you can pursue your dreams and equip yourself with the necessary competencies for the workplace, whether through academic or practical courses. Our loan covers a wide range of educational expenses, including tuition fees for universities, and schools.

Enjoy a hassle-free experience provided all necessary paperwork is complete.

Amount	Interest Rate (%)	Min EIR %	Max EIR %	Terms
1500	30	26.20	48.24	6 - 42Months
1501 - 2000	30	26.20	48.24	6 - 48Months
2001 - 3000	30	26.20	48.24	6 - 48Months
3001 - 4000	28.5	26.20	48.24	6 - 48Months
4001 - 5000	28.5	26.20	48.24	6 - 48Months
5001 - 6000	23.5	26.20	48.24	6 - 48Months
6001 - 8000	23.5	26.20	48.24	6 - 48Months
8001 - 10000	23.5	26.20	48.24	6 - 48Months

Amount	Fees
1501 - 2000	30
2001 - 3000	30
3001 - 4000	28.5
4001 - 5000	28.5
5001 - 6000	23.5
6001 - 8000	23.5
8001 - 10000	23.5

Important note: The company adheres to the Finance Companies Regulation No. (107) for the year 2021 issued pursuant to Article (65) of the Central Bank of Jordan Law No. (23) for the year 1971 and the instructions issued pursuant thereto and related to the criterion of the maximum value and fragmentation, which determines the maximum allowable loan.

Commission for granting credit is calculated in accordance with the provisions of Commission and Fees regulations for microfinance institutions no. (1/2023) in effect 14/6/2023.

In case the credit approval stipulates a condition of salary transfer based on an authorization document, where the monthly installment is deducted directly from the transferred salary to the bank (according to the terms of the agreements signed between the company and the relevant banks), the bank's commission for the cost of salary transfer deduction, issuance, and management of the authorization documents is calculated and deducted from the net loan amount, subject to the terms and conditions.

Loan calculator

Calculated at:

Monthly:

JD 0

Interest rates and monthly repayment amount are approximate and subject to change at any time.

The company is committed to apply regulations issued by the Central Bank of Jordan regarding the calculation of the Effective Interest Rate (EIR) which is defined as: One percentage point; represents the annual effective cost of a loan/ financing, over the term of the loan/ financing. It includes nominal interest rates/returns and costs specified in the contract.