Choosing Wisely: Credit Cards vs. Oraan Instalments for Your Financial Peace

Halima Iqbal

Paying University Semester Fees in Instalments: The Better Way to Go

You are a student who has everything sorted, courses have been selected, documents have been submitted, the timetable is ready. The thing remaining to be sorted is how will you pay your fees?

You could pay the full amount upfront, but that might be a stretch for your budget. Or, you could put it on a credit card and pay it off over time. But that could end up costing you more in the long run.

So what's the better option?

Paying in Instalments - The Oraan Way

Paying your tuition fee in instalments is such a great way to spread out the cost over the course of the semester and make it more manageable. The instalments offered by Oraan are 3 or 6 months which will enable you to repay it within the semester and be burden free in the next. 

Oraan is completely Shariah Compliant and only charges a small service fee which is way less than the interest rate you might end up paying with a credit card plan. You’ll have a transparent detail of your complete plan and you can pay your complete plan early without any penalties. 

Paying with a Credit Card

If you do decide to pay with a credit card, be sure to do your research. Some credit cards offer 0% markup instalments but will definitely charge you a service fee of around 2% (2023) as well as some processing fee plus FED. 

They might offer longer periods of upto 5 years to repay the plan but would charge late fee charges if you miss even one payment deadline as well as increase your interest rates and would charge you with penalty if you payback before the completion of the plan.

So if you're looking for a way to pay your tuition without breaking the bank, Oraan is the way to go.

Here’s what students have to say about Oraan’s Study Now, Pay Later

I never wanted to burden my parents with my higher education, so I set out to complete a master's degree on my dime. I learned about Oraan through a group, and once we talked about my case, trust me, I felt at ease. I'm grateful to Oraan for assisting me in achieving my goal. Thank You Oraan team! - Neha Ismail
Thanks it was very nice experience with you and I’ll recommend my friends and family members for your services. You are helping people to build their academic careers. Stay blessed 😇 - Irfan Ahmed

If you’re a student looking for a smarter way to pay for your fees, Oraan is the easiest and most affordable way to do it.

So what are you waiting for? Apply today!

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