X

NAJAH Education Plan Lebanon : BBAC Bank

Name of the Organization : BBAC Bank
Type of Facility : NAJAH Education Plan
Country : Lebanon

Website : http://www.bbacbank.com/banking/personal/plan/najah-education-plan-lebanon

NAJAH Education Plan :

BBAC, in collaboration with Allianz SNA s.a.l., offers the education saving plan, “NAJAH”, which gives you the opportunity to start saving early for your children’s future education.

Related : BBAC Bank JANA Retirement Plan Lebanon : www.statusin.org/5791.html

Why do I need “NAJAH” plan?:
You need this plan to be able to face the continuously rising cost of living especially the cost of university education. By deducting a monthly amount from your income, you can ensure your ability to pay for your children’s education in private universities and the continuity of their schooling and university tuition payments in case you were exposed to a sudden accident.

What kind of coverage can I receive?:
** Coverage to insure the university tuitions of the child in the event of natural or accidental death or total permanent disability of the insured person.
** Coverage to insure the schooling tuitions of the child in the event of natural or accidental death or total permanent disability of the insured person (optional).

Related Post

What other benefits does the Plan offer?:
** Saving can start from the moment the child is born.
** Comfortable monthly premiums automatically withdrawn from your bank account with no extra charge.
** The possibility to protect the insured amount and the investment amount from inflation with an increasing annual variation rate between 1% and 10%.
** A minimum guaranteed rate of return on investment of 4%* annually.
** The possibility to benefit from additional return on investment according to the dividend rate declared annually by Allianz SNA s.a.l.
** Flexible plan that allows you to change the insured amount, the monthly premiums and the variation rate.

What are the requirements to apply?:
** You must hold an account at BBAC.
** You must be between 18 and 55 years old.
** You must pay a minimum monthly premium of 25 USD.
** The contract should be for a minimum period of 8 years.

What is the next step?:
Visit any of the BBAC branches, where the customer service representatives are ready to provide assistance.

Educational Loan :
For the mere fact that financial barriers should never stand in the way of a student’s education, BBAC, in collaboration with the Central Bank of Lebanon, offers the Educational Loan dedicated to helping you pursue your education purposes by making university funding very simple.

Are you eligible for the Educational Loan?
** You must be a Lebanese citizen residing in Lebanon
** You must be between 17-64 years old at loan maturity
** You must have a minimum monthly income of LBP 1,000,000
** You must be applying to higher education institutions

What do you need to know about the Loan?
** Currency : Lebanese Pounds
** Loan Amount : a minimum of LBP 5,000,000 and a maximum of LBP 75,000,000
** Repayment Period : up to 10 years starting one year from the student’s graduation date
** Interest Rate : 3% annually
** Benefits : In order to enhance your overall educational experience, BBAC offers you the following with the loan
** Internet Card – a charge card for purchases over the Internet

Categories: Lebanon
Tags: bbacbank.com
www.statusin.org © 2022 Contact Us   Privacy Policy   Site Map