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Loan Procedures for Graduation:
Students who are graduating in February 2009 and had received a student loan from a bank through the AUB financial aid program must finalize their loan status prior to graduation as per procedures explained below for each bank.
 Graduating students who received loans from Bankmed-
- Graduating students who received loans from Byblos Bank
- Graduating students who received loans from Banque Misr Liban
DO NOT WAIT UNTIL THE DEADLINE TO FINALIZE THE PROCEDURE. You may need to solve an emerging problem and resubmit required documents. A delay in finalizing the loan may result in delaying your graduation.
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 Bankmed Loan Procedures for Graduation:
Students graduating from AUB in February 2009 should finalize their loan procedures with Bankmed in the period of February 2-10, 2009. Meanwhile such students cannot obtain a clearance from AUB until they complete the required process. To do so, each student has to go to Bankmed- Movenpick Branch and once AUB obtains a clearance from the bank, the student's record will be cleared at AUB as well. Students who are not cleared will not be able to receive their degree nor a certificate of completion of studies. The final loan procedure involves the student and his/her guarantor with two options: 1- Settling fully the student loan Or
2- Converting the student loan into a personal one as per terms agreed between AUB and the bank (a lower interest rate than the applicable one over a 4-year period). Moreover, you may opt to accept the grace period of 6 months, which means that you can start your monthly payments 6 months after your graduation; however, the interest will be applied upon your graduation. If you choose option 2 then, depending on your guarantor employment status, the following documents are required:
For employees
1- Recent salary attestation in original form signed by the employer showing the number of years of employment and duly certified by the Employer’s Bank.
2 -Latest Telephone and/or Electricity bill.
For Self-Employed
1- Copy of the Certificate of registration in the Trade Register
2- Latest account statement at other banks for the latest 3 months
3- Latest Telephone and/or Electricity bill.
For Employees of the Public Sector
1- Recent salary attestation or pay slip in original form
2- Latest telephone and/or Electricity bill.
For Professional
1- Copy of the Medical Insurance Card
2- Latest account statement at other banks for the last 3 months
3- Latest telephone and/or Electricity bill. For Military staff 1- Copy of form 1 for internal and General Security Members
Copy of form 2 for Army Members
2- Recent salary attestation or pay slip in original form, in addition to the name of the officer in charge and his phone number.
3- Latest Telephone and/or Electricity bill.
For more information on required documents please contact the bank.
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- Byblos Bank Loan Procedures for Graduation:
Students graduating from AUB in February 2009 should finalize their loan procedures with Byblos Bank in the period of February 2-10, 2009. Meanwhile such students cannot obtain a clearance from AUB until they complete the required process. To do so, each student has to go to Byblos- Bliss Branch and once AUB obtains a clearance from the bank, the student's record will be cleared at AUB as well. Students who are not cleared will not be able to receive their degree nor a certificate of completion of studies. The final loan procedure involves the student and his/her guarantor with two options: 1- Settling fully the student loan Or
2- Converting the student loan into a personal one as per terms agreed between AUB and the bank (a lower interest rate than the applicable one over a 4-year period). Moreover, you may opt to accept the grace period of 6 months, which means that you can start your monthly payments 6 months after your graduation; however, the interest will be applied upon your graduation.
If you choose option 2 and if your guarantor’s employment status has changed since the last time your student loan was signed then the new guarantor’s documents are required. For more information on required documents please contact the bank.
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- BML Loan Procedures for Graduation:
Students graduating from AUB in February 2009 should finalize their loan procedures with BML in the period of February 2-10, 2009. Meanwhile such students cannot obtain a clearance from AUB until they complete the required process. To do so, each student has to go to BML- Bliss Branch and once AUB obtains a clearance from the bank, the student's record will be cleared at AUB as well. Students who are not cleared will not be able to receive their degree nor a certificate of completion of studies. The final loan procedure involves the student and his/her guarantor with two options: 1- Settling fully the student loan Or
2- Converting the student loan into a personal one as per terms agreed between AUB and the bank.
If you choose option 2 then a preferential interest rate will be applied which is 2% below the bank’s applicable rate depending on the number of years for repayment which may be up to four years for nursing students and six years for medical students. Regular file fees and cost of stamps will apply. Moreover, the following documents will be required (it is very critical to have completed documents): 1- Valid IDs for applicant and Guarantor (or Ikhraj Qaid not older than one year) in addition to AUB ID 2- Mukhtar certificate for applicant and guarantor (ifadet sakan) 3- Employment letters (dated not more than one month old and signature certified by a bank) / Contracts for applicant and guarantors. In case of guarantors being self employed, a Syndicate Card / Company registration documents and the latest 6 months bank statements are needed For more information on required documents please contact the bank.
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