IBL Bank has partnered with BDL to bring you the Parking Loan which is new initiative presented in order to help expand parking places as parking is being more and more difficult these days.
Characteristics:
- Currency: USD
- Tenor: 7 years (excluding the grace period)
- Grace period: Between 6 months and 1 year
- Interest: Libor 1Y + 4.13%→ Actual Effective Rate = 5.3%p.a. (May 2018).
- Interest rate is reviewed yearly