Beltone’s consumer finance arm, Belcash, and the El Alsson British and American International Schools have announced their partnership to offer multiple education loan products to El Alsson parents.
The product gives parents the option to finance their child’s tuition fees, whether partially or full fees, in 6 to 12 equal monthly instalments with minimal documentation and instant approval.
There is also a second product giving parents an option to finance their child’s entire education period, and pay over an extended period that can reach up to 60 months.
Moemen Salem, CEO of Belcash, said, “We are very proud with our partnership with El Alsson, which emphasises our commitment and focus towards entering the education finance market and being a main player.”
He added that it marks his company’s second official agreement with a school offering consumer finance solutions through Belcash.
Karim Rogers, Executive Director of El Alsson, said, “I’m happy with our new partnership with Belcash to offer our parents additional payment options for paying their tuition fees.”
He added, “This comes in line with our strategy to help our parents ease the burden of education tuition fees by partnering with Beltone Consumer Finance.”
Beltone Financial Holding is listed on the Egyptian Exchange (EGX), and trades as BTFH.CA. It is a leading regional investment bank, offering a full range of financial services to companies, institutions, and high-net-worth individuals in the Middle East, Europe, North America, and Asia.
Beltone is the largest non-bank affiliated asset manager in Egypt with around EGP 26bn in AUMs, and is a leading provider of independent equity research in the region. The firm’s track record includes the execution of over EGP110bn in M&A and capital markets transactions.
Beltone Financial set up three new subsidiaries in 2020 to establish its non-bank financial services (NBFS) platform, comprising of: Beltone Consumer Finance (Belcash); Beltone Leasing; and Beltone Venture Capital.
Belcash is the consumer finance arm of Beltone Financial, offering several products and services targeting and empowering individual customers, conveniently enabling them to “Buy Now Pay Later” via easy instalment plans.