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),
- preferential interest rate, based on 6-month LIBOR* + 3% with a minimum rate of 4.5%,
- 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).
*London InterBank Offered Rate
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** through 60 equal monthly installments of USD 767 at an Annual Percentage Rate (APR) of 3.85% (including interest, file fees, life insurance premium and fiscal stamps).
Conditions apply as at 1/11/2016 and are subject to variation.
* Subject to pre-study and approval of the application
**On principal and interest
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.