Taaleem AlBaraka helps you pay school and university tuition fees.
Characteristics

School Fees Financing:

  • From 1,000,000 LL – 4,000,000 LL (or equivalent in USD)
  • From 4,000,001 LL – 7,500,000 LL (or equivalent in USD)
  • From 7,500,001 LL – 10,000,000 LL (or equivalent in USD)
  • Period: 10 months
  • Return: 0 %

University Fees Financing:

  • Financing up to: LBP 75,000,000 (or equivalent in USD)
  • First Payment: 25 % of the amount
  • Period: University time period + 2 years (max. 6 years)
  • Profit Rate: depending on the amount
Financing Requirements
  • Life insurance covering the financing amount
  • Personal guarantee
  • Salary domiciliation
  • Real estate mortgage (University)
Required Documents
  • Copy of ID
  • Proof of residence (recent electricity or landline bill)
  • If employed: recent authenticated employment certificate confirming date of employment, position held, salary & NSSF number if available (NSSF with current employer)
  • If self-employed, a copy of your company’s Commercial Circular and a Declaration of Income. Additional documents might be requested for better assessment
  • With salary domiciliation: irrevocable salary domiciliation approved by the employer
  • Additional documents might be requested on a case by case basis

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