Education can be a costly endeavor. If this is the case, you do not need to do detailed research on how to meet your financing needs because you can easily cover the expenses of your children or yourself, thanks to Kuveyt Türk Education Financing.
About Education Financing
Kuveyt Türk Education Financing is a support that covers all expenses a student needs to cover during their academic life. In addition to education, expenses for needs such as accommodation and meals are also included in the scope of financing support. You can also benefit from financing support for language education in addition to primary education from primary school to graduate school.
How to Apply for Education Financing
All students, whether they have income or not, can benefit from Kuveyt Türk Education Financing. Applications of students who do not have proof of income can be made by their parents or legal guardians. The following documents are required for application:
- Identity card, driver's license, or passport of the beneficiary
- Proof of income of the applicant (payroll, rental agreement, etc.)
- Proforma invoice indicating the cost of the training
You may use our calculation tool to learn about the repayment of the Education Financing. You can make calculations according to the amount of financing and installments with the calculation tool. Just enter the amount and select the term length.
Details on Education Financing
The features of Kuveyt Türk Education Financing can be listed as follows:
- This financing support does not only cover education expenses. Students' needs, such as meals and accommodation during academic life, are also met through this support.
- You can benefit from financing with a maximum term of 36 months. However, it should be noted that a maximum of 24-month installments can be made for support over 50,000 TRY.
- Alternative financing rates may be offered under the protocol to be signed between the educational institution and Kuveyt Türk.
Please check out the sample calculation below to get an idea about the repayment details for 10,000 TRY financing:
| Financing Amount | Term | Profit Rate | Installment Amount | Total Expenses | Monthly Cost Rate | Annual Cost Rate |
|---|---|---|---|---|---|---|
| 10.000 TL | 12 Ay | 4,69% | 1.183,80 TL | 52,50 TL | 8,3559% | 100,2711% |
The allocation fee is 0.5% of the financing amount. BITT is added to the calculation over this amount.
- The cost of financed life insurance is not included in the annual cost.
- Financing can be used with a 3-month deferral. In such cases, the profits not received within the said period are added to the first installment profit amount.
Channels to Apply for Education Financing
It is very easy for Kuveyt Türk customers to apply for Education Financing. You can benefit from financing support by submitting your application at the nearest branch. If you are not a customer yet, please visit our Become a Kuveyt Türk Customer page to check out the steps to become a customer.
Do not worry anymore about meeting your needs throughout your academic life. Take advantage of the Education Financing service offered to you by Kuveyt Türk!