ELIGIBILITY FOR EDUCATION LOANS
NON-ELIGIBILITY FOR EDUCATION LOANS
REQUIRED DOCUMENTS
Each applicant must submit following documents:
FREQUENTLY ASKED QUESTIONS
Question: Is there any interest on this loan?
Answer: No. This is an interest free loan to help members of the jamaat achieve their maximum potential.
Question: If I receive other loans, will I qualify for a Jamaat loan?
Answer: Yes. You may still qualify for a jamaat loan, if other loans have a higher interest rate.
Question: Do I need to return the money received?
Answer: Yes. It’s a loan and it is your Islamic and legal responsibility to return this loan.
Question: When does this loan become due?
Answer: Loan becomes due immediately after the start of your first job.
Question: Can I pay all other loans before paying this loan?
Answer: No. Loan payment for this should also start immediately after the start of the first job.
Question: Will I get the requested amount?
Answer: Maybe. It depends on the need and number of students applying. We have a limited budget and we’ll utilize the whole budget dedicated for loans.
Question: How long will it take to find out if I’m approved?
Answer: We’ll take about 30 days to make the decision and email you with our decision and checks will be mailed within 30 days from the decision.
Question: Can the loan check be mailed to me before I pay for my fall semester?
Answer: Since every college has different due dates for fall semester/quarter, we’ll mail this out at our earliest possible; however, if it is delayed, this loan can be used for the second quarter/ semester.
Question: Who do I contact for the status of my loan?
Answer: If you do not hear from us in 30 days after the application submission deadline, you can send an email to education.loans@ahmadiyya.us for any questions/concerns you may have.
IMPORTANT DATES
Open application portal | 3/11/2024 | ||
Close application portal | 6/30/2024 | ||
Collect President’s feedback | N/A | ||
Decisions emailed to applicants | 7/30/2024 | ||
Checks Issued by Accounting (Muhasib) | 8/15/2024 |
For inquiries please contact us education.loans@ahmadiyya.us
Before applying, please review the short training videos for portal login registration and the Talent Award application.