Standard Personal loan in LBP
At BSL Bank, you can borrow up to 15 times your salary at a competitive interest rate and spread the cost of repayment over up to 4 years.
Characteristics
Description
Currency
LBP
Loan amount
Up to 15 times your salary with a maximum of LBP 30,000,000
Period
Up to 4 years
Interest rate
BRR + 5.5% | Minimum 15% | Currently 18.99%
Renewed annually as per the BRR
File fees
0.5% of loan amount | minimum $75, maximum $200
Stamp fees
1.5‰ of the total of the 12 monthly installments taken each year
Commission fees
0
Prepayment option
- Prepayment option: Accepted
- Prepayment commission and penalty:4.5% of the remaining balance
- Minimum advanced payment: 1 note
Requirements
- Salary domiciliation: Required at BSL BANK
- Monthly installment: Not to exceed 33% of the monthly income or 45% if housing loan installments exists
- Minimum acceptable age: 21 years
- Maximum acceptable age: Not exceed 64 at the maturity of the loan
- Minimum years of experience: Employed for more than 2 years or self-employed for more than 2 years, with at least 2 years of profit
- Personal guarantee: Required on a case-by-case basis
- Other guarantees: Required Mortgage or cash collateral for loan amount greater than LBP 30,000,000
Insurance
- Requirement for life insurance: Required
- Type of life insurance: Death, Permanent Total Disability and Passive War
- Life insurance coverage: 100% of the gross loan amount
- Life insurance bought from: BSL BANK
- Life insurance premium paid by: The client | 1 shot
- Life insurance payment method: Paid upfront
- Insuring company: Allianz-SNA or North assurance or AXA Middle East Life or Commercial Assurance or Al Mashrek
Documents needed
- Identity card or recent individual civil status certificate (3 months old maximum).
- Recent family register certificate (3 months old maximum).
- Recent proof of residence: mayor certificate or electricity bill in the name of the applicant (6 months old maximum).
- Copy of the apartment title deed or renting agreement.
-
For employees:
Authenticated salary certificate (specifying the position, employment starting date, NSSF number, monthly salary).
Statement of account for the past 6 months showing the salary domiciliation if any. -
For employees:
Balance sheet for the past 3 years
Statement of account for the past 12 months
Copy of the premises title deed or renting agreement
Commercial circular (if applicable)
Services bundled
- E-banking
- Moment Loyalty Program
Interested? Let us call you back
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