BankMed Borrowers Procedures for the Academic Year 2011-12

   ·         LOAN PROCEDURES

The loan procedures require that one of the student’s parents be involved or any other guarantor provided he/she is a close relative to the family.  The process should end by the deadline (to be announced in August 2011).
Students are advised to proceed with the loan within the period specified (to be announced in August 2011).

-     The student/guarantor fills and signs a loan application form with the help of a Bankmed staff.
-     The student/guarantor submits the required documents listed below.
-     The bank will investigate about the guarantor and study the application.
-     In case of approval, the bank will call the student/guarantor to finalize the process.
-     It is the student's responsibility to follow-up with the bank for the final signature following the bank's approval.

·          REQUIRED DOCUMENTS

•   BankMed Application
  
•  Documents Required from Employees
  -        Copy of the Applicant's ID card.
  -        Salary Attestation in original form signed by the employer showing the number of years of employment and preferably to be duly certified by the Employer's Bank.
  -        Latest Telephone &/or Electricity bill.    
   
•  Documents Required from Self-Employed Customers                                            
  -           Copy of the Applicant's ID card.
  -           Copy of the certificate of registration in the Trade Register.       
  -           Latest account statement at other banks for the last 3 months
  -           Latest telephone &/or electricity bill.                      
  
• Documents Required from Professionals (Lawyers, Doctors, Engineers…)
  -           Copy of the Applicant's ID card.
  -           Copy of the Medical Insurance Card.
  -           Latest account statement at other banks for the last 3 months
  -           Latest telephone &/or electricity bill.
  
• Documents Required from Military Staff
  -           Copy of form #1 for Internal and General Security Members.
  -           Copy of form #2 for Army Members.
  -           Recent salary attestation or payslip in original form, in addition to the name of the officer in charge and his phone number.
  -           Latest Telephone &/or Electricity bill.                                                                 
  
• Documents Required from Employees of the Public Sector
  -           Copy of the Applicant's ID card.
  -           Recent salary attestation or payslip in original form.
  -           Latest telephone &/or electricity bill.                                                                                                               
  
• Documents Required from Retired Customers
  -           Copy of the Applicant's ID card.
  -           Salary Attestation in original form duly signed and certified by the Ministry of Finance.
  -           Latest telephone &/or electricity bill.  
  

For more information please contact Ms. Nina Zein at BankMed-Movenpick Branch on 01-799880 ext:30 or the Financial Aid Office, ext 3164.