Perfect for businesses engaged in agriculture, industry and tourism.
IBL Bank has partnered with BDL to bring you the BDL Subsidized Loan which is a great choice if your business is in agriculture, industry, tourism or other specific sectors and you want to finance a new project or expand your existing project. Ideal for businesses in Lebanon.
Highlights:
- Loan Amount:
- Starting LBP 50,000,000 (or its equivalent in USD and EUR)
- Not Exceeding LBP 15,000,000,000 (or its equivalent in USD and EUR)
- Sectors Covered:
- Tourism
- Agriculture and handicrafts
- Information Technology equipment
- Design programs and specialized technology
- Industry
- Tenor:
- 5 - 7 years
- 15% max repayment of the principal during the first 2 years
- 2 years including 1 year grace period if taken for Working Capital needs only.
- Grace Period: 0 - 2 years
- Interest:
- LBP: 2 Year TB + 1% → Actual Effective Rate = 2.34% p.a. (May 2018)
- USD: Libor 3M + 7%→ Actual Effective Rate= 4.855% p.a. (May 2018);
- EUR: Euribor 3M +7%→ Actual Effective Rate= 2.15% p.a. (May 2018);
- Interest rate is reviewed quarterly