A basic loan that empowers.

Kafalat Basic is ideal for individuals and companies in Lebanon that need up to USD200,000 (or its equivalent in foreign currencies) for their work in industry, agriculture, tourism, crafts and technology. With IBL Bank’s Kafalat Basic loan, you can purchase machinery and equipment, renovate or expand your plant, purchase raw material and spare parts, cover construction costs, secure working capital or finance anything else your business needs.

Highlights:

• Maximum Amount: LBP 300,000,000 (or its equivalent in USD)
• Eligible Applicants
  • Individual
  • Sole proprietorship
  • Simple partnership
  • Limited Liability Company (SARL)
  • Joint Stock Company (SAL)
  • Cooperative
  • NGO
• Sectors Covered:
  • Industry
  • Agriculture
  • Tourism
  • Crafts
  • High technologies
• Tenor
  • Up to 7 years
  • 3 – 4 years if taken for Working Capital Needs only
• Grace Period: Between 6 months and 1 year
• Kafalat Guarantee: 75%
• Collateral: Cannot exceed 50% of the loan value
• Interest Rate:
  • LBP: 1 Year TB + 3% - subsidy rate 4.5% => Actual Effective Rate = 3.85%p.a. (May 2018)
  • USD: Libor 1Y + 5.5% - subsidy rate 4.5% => Actual Effective Rate = 3.77%p.a. (May 2018)
• Commission: 2.5% Kafalat Commission on the outstanding guaranteed amount to be collected on an annual basis