Byblos Bank makes it easier than ever to start or expand your business. If you’re long on ideas but short on capital, a Kafalat Basic Loan can provide the financing you need – on terms you can afford – and help make your plans come to life.
Preliminary study prepared by the client detailing 3 scenarios:
Personal documents required from the borrower
Documents related to the project:
Financial Documents
Legal Documents
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:
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