Loan Information:

• Qard Hasan Foundation loans are paid per academic term, directly to the educational institution

• Each loan is a separate legal contract and a different loan repayment schedule may be chosen for each loan

• Loans are to be used to pay for educational expenses, such as tuition, books, room and board

• All loans are interest-free and there are no application or processing fees

Loan Repayments:

For each $2,500 loan you are awarded, you are required to make a minimum payment of $100 per month

Loan repayments begin 30 days after loan has been distributed to the educational institution 

Conditions for Receiving Additional Loans:

(1)   Must be up to date on all existing Qard Hasan Foundation loan repayments

(2)   Must be enrolled and making appropriate progress towards degree

(3)   Must be in good academic standing at current College or University

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Funds are limited because we primarily depend on donations. 
Even though an applicant has met the criteria, she/he may not be awarded funds that term, but will be given priority for the next term. 

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