School Loan

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With the School Loan, BBAC is your companion to easing every step of the way to your child's schooling.  

Are you eligible for the School Loan?
  • You must be a Lebanese citizen residing in Lebanon
  • You must be 21-64 years old at loan maturity
What do you need to know about the Loan? 
  • Currency: US Dollars or Lebanese Pounds
  • Loan Amount: a minimum of 600 USD and a maximum of 3,000 USD or its equivalent in LBP
  • Repayment Period: up to 1 year
  • Interest Rate: 0% 
  • Commission: 7,500 LBP per month
  • File Fees: 50 USD for loan amount  =<2,250,000 LBP and 100 USD for loan amount > 2,250,000 LBP
  • Benefits:

    • Internet Card – a charge card for purchases over the Internet
What are the guarantees and conditions required for the Loan?
  • The monthly repayment should not exceed one third of the monthly salary if employed or one fourth of the monthly income if self-employed
  • Life insurance policy covering death and permanent total disability from an insurance company acceptable to BBAC.
  • Additional guarantees such as salary domiciliation and personal guarantee on a case by case basis
What is the next step?
You can apply for the School Loan by visiting any of the BBAC branches, where the customer service representatives are ready to provide assistance, or online.

Apply Now

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