Students’ Loan
Effat University has established formal agreements with approved third-party financing institutions and foundations to provide student loan solutions that assist students in fulfilling their tuition payment obligations.
The following third-party financing institutions are approved partners of the university:
Maslak Educational Loan Program
Maslak is an educational financing fund. It is an educational financing fund that enables access to university education by providing educational loans for specializations required in the labor market, with flexible repayment terms during the years of study extending beyond graduation, without interest. The fund operates through a strategic partnership with the General Authority for Awqaf. The Maslak educational loan program is available to Effat University students. Participation is subject to the terms, conditions, and approval of the issuing authority.
Social Development Bank (SDB) Education Financing
The Social Development Bank (SDB), a Saudi government development bank, offers an Education Financing product to support students pursuing post-secondary education, including diploma, bachelor's, and master's programs. This product provides educational financing of up to SAR 100,000, disbursed in accordance with the terms and conditions approved by SDB, which may include installments or lump-sum payments directly to accredited educational institutions. Participation in this financing option is subject to SDB eligibility criteria and the Bank's approval. The University facilitates information about this option but does not guarantee approval by external financing entities.
JeelPay
Effat University may offer an installment-based tuition payment plan through JeelPay, a licensed financial technology platform that enables tuition payments to be divided into monthly interest-free installments. JeelPay's services are subject to student eligibility, provider approval, and applicable University regulations. Tuition installment arrangements under JeelPay are structured in accordance with JeelPay's authorized terms and with oversight from the Saudi Central Bank.
Tamara
Effat University may offer an installment payment option through Tamara, a licensed financial technology platform that provides Buy Now, Pay Later payment solutions. Under this option, eligible students may settle tuition fees in interest-free installments subject to the terms, conditions, and approval of Tamara and applicable University regulations. Approval, payment schedules, and obligations are governed by the service provider and the student's agreement with Tamara.
