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Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Banque Libano Francaise - iLoan Banque Libano Francaise - iLoan Minimum Salary: USD 800 Salary Transfer: No Islamic Finance: No Maximum Term: 3 Years Flat Rate: 6.9% Reducing Rate: 12.42%
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Do not compromise on technology! With BLF iLoan, you can now purchase high-tech products, combining design and performance, at our selected partners.
Features
  • financing the acquisition of high-tech products
  • currency: USD only
  • loan amount: minimum USD 400 | maximum USD 6,000
  • preferential fixed interest rate over the loan period
  • loan period: minimum 6 months | maximum 36 months
  • life insurance: offered by the Bank
  • no down payment required
  • no file fees
  • possibility to apply for the loan at our partners' points of sale or any BLF branch
  • guarantee: free life insurance in favor of the Bank (other guarantees may be required on a case-by-case basis)
Eligibility
  • nationality: Lebanese
  • age: 21 - 64 (at loan submission)
  • occupation: the applicant should be: an employee with a steady job and income for more than 18 months, a self-employed with a minimum 3-year work experience in the same field
  • minimum required monthly income: LBP 1,200,000 or the counter value for employees, LBP 2,500,000 or the counter value for self-employed
  • monthly payments: maximum 33% of the monthly income for employees and self-employed
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the 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 on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
SGBL SOGELOAN
Minimum Salary
USD 400
Flat Rate
5.97%
Fransabank - Personal Loan for Public Sector
Minimum Salary
USD 0
Flat Rate
6.94%
Banque Libano Francaise - Personal Loan
Minimum Salary
USD 800
Flat Rate
8.51%
Federal Bank of Lebanon - Personal Loan
Minimum Salary
USD 500
Flat Rate
6.67%