|Minimum Salary||Salary Transfer||Islamic Finance||Maximum Term||Flat Rate||Reducing Rate|
|Banque Misr Liban - Personal Loan||Minimum Salary: USD 0||Salary Transfer: No||Islamic Finance: No||Maximum Term: 5 Years||Flat Rate: 15.0%||Reducing Rate: 27.0%|
Maximum loan amount of LBP 30,000,000 or $20,000
Up to 5 years
Variable Interest Rate
LBP: BRR + 9% (Min 20%)*
USD: BRR + 7% (Min 15%)*
1% of the loan amount (minimum USD 100 and maximum USD 200)
Minimum 21 years old (at loan initiation) and maximum 64 (at loan settlement)
Currently the BRR as of March 2019 :
LBP 12.39 % and USD 9.29 %
Guarantees can be requested on a case by case basis
* Terms and conditions apply
** 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.