| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Bankmed - Smart Loan
|
Minimum Salary: USD 1,500 | Salary Transfer: No | Islamic Finance: No | Maximum Term: 5 Years | Flat Rate: 10.0% | Reducing Rate: - |
Get in-principle approval on your personal loan within 48 hours, and start your first payment after six months. Whether you need to finance your wedding, renovate your house or pay for travel expenses Bankmed personal loan meets all your needs with a cash solution and with a long grace period!
Features
- In-principle approval within 48 hours
- Finding amount up to USD 75,000
- First payment after six months
- Fixed monthly installments for easy budgeting
Documents Required
- Copy of ID
- Certified salary certificate at least 21 days from the date of the application
- Additional documents may be required depending on the case
Eligibility
- A Lebanese citizen
- Aged between 21 and 60 years
Additional Information
The Smart Loan fees are the following: - Disbursement fees USD 15
- File fees 0.50% of loan amount
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
