Everyone knows that building a successful career often begins with obtaining a university degree, but not everyone has the cash on hand to pay for tuition. This is why Byblos Bank has teamed up with several of Lebanon's most respected institutions of higher education, with the support of the Central Bank, to offer a credit product designed specifically for students.
Purpose
To help cover part of the cost of university tuition
Eligibility
- Lebanese citizen between 18 and 35 years of age
- For students enrolled for first year: minimum grade of 12/20 on official baccalaureate or equivalent*
- For students enrolled in second year and above: minimum grade of 11/20 or GPA of 2.5 for Medical and Engineering, of 2.8 for others, or equivalent*
- Guarantor with minimum monthly income of USD 800, age not to exceed 64 years at end of grace period
- If guarantor is retired or does not meet these requirements, then mortgage on acceptable assets must be provided, with value at least three times expected loan amount at end of major
Currency
Interest Rate
Repayment Period
- Up to ten years excluding grace period
Financing
- Up to 75% of the total tuition fees
Distinctive Features
- Zero file fees
- Zero commissions
- Life Insurance for student at very competitive rate
- Grace period of 1 year after graduation and before loan repayment
* Special deals with: AUB, USJ, NDU, LAU, Beirut Arab University, USEK, La Sagesse, Antonine, Balamand/Alba and Haigazian
* The Bank reserves itself the right to request any additional guarantees when necessary.