BLF helps you fulfill your ambitions. Pursue your MBA at INSEAD (European Institute for Business Administration), one of the most renowned universities in the world, while benefiting from the best loan conditions.
- financing postgraduate tuition fees,
- currency: USD,
- maximum loan amount: USD 100,000,
- grace period:
- one year for interest settlement,
- two years for the capital settlement.
- loan period: maximum 8 years (including the grace period),
- interest rate: variable based on COF* + 4%,
- file fees: 1% of the loan amount with a maximum of USD 150,
- guarantees: life insurance in favor of the Bank (other guarantees may be required on a case-by-case basis).
*Cost of Funds, reviewed annually, as per the average cost of funds of the Bank
Loan additional advantages
- free revolving credit card with a monthly limit according to the applicant's financial profile.
For a 27-year-old student financing his postgraduate studies thanks to the INSEAD Educational Loan of USD 50,000 over a period of 6 years, the Loan* is settled following a grace period of one year (on principal and interest) through 60 equal monthly installments of USD 1,132 at an Annual Percentage Rate (APR) of 9.31% (including interest, file fees, life insurance premium and fiscal stamps).
Conditions apply as at 10/12/2018 and are subject to variation.
* Subject to pre-study and approval of the application
Applicant's eligibility criteria
- nationality: Lebanese,
- age: 21 - 28 (at loan submission),
- occupation: the applicant should be:
- an employee with a steady job and income for more than 18 months,
- a self-employed with a minimum 3-year work experience in the same field.
- minimum required monthly income:
- LBP 1,200,000 or the counter value in USD for employees,
- LBP 2,500,000 or the counter value in USD for self-employed.
- monthly payments: maximum 33% of the monthly income for employees and self-employed.
Every credit facility is an engagement and must be reimbursed. Check your repayment capacities before you apply.
To submit your loan application, learn more about our loan eligibility requirements and requested documents, visit the nearest BLF branch where our customer advisors will be pleased to share with you a customized simulation, including your Annual Percentage Rate - APR based on your profile and selected financing terms.