Schooling Loan for Public Sector

Settle Tuition at Your Own Pace
The Schooling Loan for the Public Sector covers up to 100% of your children’s tuition fees. You can settle it back over a comfortable 11-month period with the first installment being waived off by the Bank.
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What do I get?

  • Loan currency: LBP only
  • Loan period: 11 months (fixed)
  • Loan amount:
    • Minimum LBP 1,000,000
    • Maximum LBP 15,000,000
  • Interest rate: 15.50% compounded
  • Fast same-day approval if client applies before 12:00 pm

What do I need?

  • Salary domiciliation (or appropriate guarantee)
  • Monthly payments must not exceed 33% of the income for salaried employees and 25% for self-employed individuals
  • Schooling tuitions

What is the Annual Percentage Rate (APR)?
The Annual Percentage Rate also known as APR describes the annual rate applied on a loan for the whole period.

APR calculation includes, other than the monthly payments, all mandatory fees that clients need to pay such as the file fees, stamp fees and life insurance fees.

APR calculation excludes the late payment fees and early settlement fees.
What are the fees that are calculated in the APR for the Schooling Loan?
Life insurance fees and stamp fees, file fees.

Example of the APR calculation for the Schooling Loan:
  • Currency: LBP
  • Client in good health condition (based on the Bank’s medical questionnaire)

Net loan amount Period (months) Rate (compounded) APR
LBP 15,000,000 11 15.5% 1.99%

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