| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Lebanon & Gulf Bank LGB - Personal Loan
|
Minimum Salary: USD 0 | Salary Transfer: Yes | Islamic Finance: No | Maximum Term: 1 Years | Flat Rate: 12.0% | Reducing Rate: 21.6% |
LGB BANK Helps you find the suitable solution to finance your personal needs Whether you are traveling, shopping, settling school tuitions or even planning your wedding, the LGB Personal Loan provides you with an integrated set of personalized financing solutions tailored to meet your planned and unexpected needs for cash.
Loan Features LBP Loan currency:
- US Dollars or Lebanese Pounds
- Loan Amount up to USD 25,000 or equivalent in LBP
- Loan period ranges between 1 and 5 years interest rate:
- 15%Discounted for USD loan
- 18%Discounted for LBP loan
Requirements
Employees
- Photocopy of Applicant's ID or Passport
- Age between 21 and 64 by the end of the loan period
- Authenticated proof of employment for at least 1 year
- Monthly payment not to exceed 33% of the monthly income
- Guarantees might be required
Self Employed
- Photocopy of Applicant's ID or Passport
- Age between 21 and 64 by the end of the loan period
- Statement of account(s) for the last six months
- Monthly payment not to exceed 25% of the monthly income
- Guarantees might be required
The Annual Percentage Rate also known as APR describes the annual rate applied on a loan for the whole period. APR calculation includes, other than the monthly payments, all mandatory fees that clients need to pay outside their loans such as the file fees, commission fees, stamp fees, life insurance fees and mortgage fees if any. APR calculation excludes the late payment fees and early settlement fees.
All mandatory fees will be clearly stated in the Key Fact Statement within the applying and approval process.
Example of the APR calculation for the Personal Loan:
- Currency: USD
- 1st payment date: 1 month after loan disbursement
- Bank’s Commission: 1% of the loan amount
- File Fees: $50
You can apply for the Personal Loan by visiting any LGB BANK branch, where our customer service representatives are ready for assistance.
Lebanon & Gulf Bank s.a.l. reserves the right at any time to accept or decline any solicited application, amend the loan amount or payment terms and request additional guarantees.
