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Retail Banking / Loans / Tuition Loans
Acceptable Applicant Status
Lebanese resident; age 18-50 years; guarantor’s age max. 70 years at loan maturity
Maximum Loan
LL100 million
Minimum Down Payment / Semester
25% of tuition fees
Commissions and File Fees
None
Maximum Repayment Period
10 years+ 1 year grace after graduation
Interest Rate (LBP) Flat
3% per annum
Life Insurance
Paid by client
Personal Guarantee
Required
Total Monthly Payments
Not to exceed 50% of guarantor income