| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Fransabank - Personal Loan
|
Minimum Salary: USD 0 | Salary Transfer: No | Islamic Finance: No | Maximum Term: 5 Years | Flat Rate: 6.94% | Reducing Rate: 12.5% |
Do you need extra money to pay for your unexpected expenses? Do you simply want to buy your laptop, ipad, or your family travel package, today and pay for it later on?
Fransabank Personal Loan fulfills all your basic needs and more, in the most competitive, efficient and speedy manner!
Fransabank Personal Loan fulfills all your basic needs and more, in the most competitive, efficient and speedy manner!
Features
- Loan amount: up to LBP 60 million or its c/v in US$
- Interest rate: competitive
- Repayment period: up to 5 years
- Repay Through equal monthly installments that can reach up to 33% of your monthly income
Documents Required
- Copy of identification card or valid passport
- Copy of family civil register
- Proof of residence such as mayor certificate, electricity, telephone, or water bill
- Copy of medical insurance card or NSSF card
Eligibility
- You should be of a Lebanese nationality
- You should be between 21 and 64 years old at loan maturity
** 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
