Preliminary study prepared by the client detailing 3 scenarios:

• The forecasted cash flows over the total period of the loan
• Pro forma invoice of the items to be purchased with the loan
• Schedule of withdrawals

 

Personal documents required from the borrower

• Copy of ID or passport, or extract of civil status
• Signed list of properties owned by client and/or guarantor
• Copy(ies) of title deed(s) of the property(ies)
• Proof of residence for personal addresses of shareholders

Documents related to the project:

• License to operate in Beirut. For other regions, municipality certificate is sufficient
• Investment permit for industrial companies and/or tourism permit
• Certified rental contract and/or document proving place of work (most recent) or real estate ownership if the location is owned by the client (title deed, etc.)
• Feasibility study is mandatory for all types of Kafalat loans and must be prepared by an expert in the borrower’s field of business

 

Financial Documents

• Declaration of income and financial statements for the past 2 years, dated and signed by the client
• Bank statement of accounts for the past 6 months
• Invoices, contracts, daily register, or any other document proving income
• Detailed list of clients with their due balances, dated and signed by the borrower
• Discharge receipt from municipality

Legal Documents

• Statement of the company’s public or private register of commerce (preferably both)
• Copy of company bylaws
• Recent certified Commercial Circular

 

Available only in USD
Life insurance that could be contracted through ADIR Insurance, a member of the Byblos Bank Group, covering 110% of the loan amount if continuity is not secured
Fire insurance that could be contracted through ADIR Insurance, a member of the Byblos Bank Group, covering stock, machinery and premises (if deemed necessary) 
Appropriate guarantees are requested once application has been reviewed and may include one or more of the following:

• First Degree Mortgage
• Proxy to Mortgage
• Personal Guarantee

APR calculation includes stamp fees, BDL filing fees, Kafalat commission, mortgage fees, and mortgage release fees
Currency: USD
Loan amount: USD 130,000
Loan period in years: 7
Grace period in months: 12 (included in the loan period)
Variable interest rate (regressive): 1 year Libor+5.5%=8.6%* (as of November 2,2018)
APR: 11.297%

*BDL interest subsidy of 4.5% to be refunded to client on quarterly basis once collected