| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Emirates Lebanon Bank - Personal Loan
|
Minimum Salary: USD 0 | Salary Transfer: No | Islamic Finance: No | Maximum Term: 4 Years | Flat Rate: - | Reducing Rate: - |
A desire, a sudden crave, a trip, a need to change your car, an unexpected event? With EL Perso loans from Emirates Lebanon Bank, we can help you find the appropriate solution!
Documents Required
- Salary domiciliation
- Salary certificate
- Other documents may be required
Eligibility
- Minimum age: 18 years
- Maximum age: 60 years
- Life insurance covering death and permanent disability
** 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.
Representative Example Calculator
