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Teachers Loan

Extra cash for educators

Nothing is more precious than an education – except the people who make it possible. When you need extra cash, a Teachers Loan from Byblos Bank offers the help you need on special terms that recognize your crucial role. And since so much support is required to facilitate the learning process, non-educational staff at qualified institutions can also apply.

  • Financing

    Up to USD 20,000

  • Repayment Period

    Up to 5 years

  • Added Savings

    Zero filing fees

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Distinctive Features

  • Special Benefits

  • Reduced interest rate
    Zero filing fees
    Competitive commissions
     
Eligibility
You must be a Lebanese citizen
You must be a teacher or staff member at a private or public educational institution
You must be less than 64 years of age at the end of the loan period
You should have at least two years of work experience in the same field
Your net monthly income should be at least LBP 750,000 (or equivalent in USD) for single applicants or LBP 900,000 for married applicants
Monthly payment should not exceed one-third of your salary if you’re an employee or one-quarter of your income if you’re self-employed
 
Required Documents
Copy of Valid Photo ID or Passport
Proof of income
Proof of residence
 
Conditions and Guarantees

Available in both LBP and USD
Life insurance contracted through ADIR, a member of the Byblos Bank Group, covering the entire loan amount

The Bank has the right to request additional guarantees in certain cases

 
Example of Annual Percentage Rate (APR)
APR calculation includes life insurance fees, quarterly commission, and stamp fees 
Currency: USD
Client: in good health (based on the Bank’s medical questionnaire) 
Loan amount: USD 15,000
Loan period in years: 4
Fixed interest rate (regressive): 11%
APR: 14.287%*
* With free filing fees
 

This Product Goes Well With

  • Visa Classic

    Visa Classic

    Spend now, pay later – up to USD 3,000 a month
    • Travel Coverage

      Compensation for flight/luggage delays

    • Akram Program

      USD 1 (or equivalent) = 1 Point/Mile

    • Monthly Limit

      USD 3,000

  • Current Account

    Current Account

    The simplest solution for daily transactions and easy access to your money
    • Pick Your Currency

      LBP, USD, or EUR

    • Free DEBIT CARD

      24/7 ATM access

    • Optional OVERDRAFT Protection

      Cash when you need it

  • Insure Your Retirement
    • Main Feature

      No maximum age

    • Premium

      Flexible payments

    • Coverage

      Immediate