EDUCATION BOND

Do you need to?

• Finance your children's studies abroad ;
• Ensure their pleasant stay during their studies in a foreign country ;
• Easily obtain their student visas?

MCB Credit & Securities Limited’s Education bonds are a reliable and credible guarantee before the representative authorities of desired countries of study.

Purpose

A MCB Credit & Securities Limited Education bond is a deed that serves as guarantee to diplomatic missions and consular posts regarding the payment of school expenditures and daily expenses of a student abroad.

Who can stand surety?

Any individual, with legal capacity, who holds a checking or saving’s account with MCB Credit & Securities Limited.

How to stand surety

All you need is a signed and dated written application. The next step is to fill out the MCB Credit & Securities Limited subscription form.
This application must include all sums (in figures and words) to be determined on the date of establishment of the guarantee.

Duration

The education bond is valid for 12 months (renewable). It is usually renewed for a specific duration based on the number of years of studies.

Amount

MCB Credit & Securities Limited grants varied amounts based on the customer’s request.

 

	Advantages This guarantee can be used to obtain a student visa. No costs or handling charges involved. Insurance: This bond covers the student’s tuition fees throughout the years of study.

To Subscribe:

Visit the nearest MCB Credit & Securities Limited branch to you. Our Customer Relationship Officers are here to help you sign up for an Education Bond.