|Minimum Salary||Salary Transfer||Islamic Finance||Maximum Term||Flat Rate||Reducing Rate|
|Fransabank - Personal Loan for Public Sector||Minimum Salary: USD 0||Salary Transfer: No||Islamic Finance: No||Maximum Term: 6 Years||Flat Rate: 7.22%||Reducing Rate: 13.0%|
Fransabank offers all public sector employees its new Personal Loan to fulfill their many basic needs and much more, in the most competitive, efficient and speedy manner!
- Loan amount: up to LBP 45million
- Interest rate: 13%
- Repayment period: up to 6 years
- Repay Through equal monthly installments that can reach up to 33% of your monthly income
- 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 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 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.