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Commercial and Corporate Banking > Small Business Loans > Kafalat Small and Medium Loans
KAFALAT
In association with The Central Bank of Lebanon & Kafalat s.a.l., BLC Bank gives the opportunity to small and medium businesses to finance development projects, at 0% interest rate.
What are KAFALAT loan features?
If you have a small or medium-sized business and want to expand or you wish to open a new one, if you are in the Agriculture, Industry, Tourism, Technology or Craftwork sector, and if the number of your employees doesn't exceed 40 then ask for our Kafalat range of products.
Kafalat Basic, Kafalat Innovative and Kafalat PLUS:
Loan amount: Up to LBP 600,000,000 or its equivalent in USD.
Grace period: varying between 6 to 12 months.
Loan duration: Up to 7 years depending on the purpose of the loan, including the grace period.
Down Payment: depending on the chosen program.
0% Interest Rate: Interest rate is variable yearly according to Lebanese Treasury Bills yield. Should the one-year Treasury Bills' rate be equal or below 10%, then the effective interest rate will be zero.
Commission: Kafalat s.a.l. guarantees up to 90% (depending on the chosen program) of the loan principal and interest. Against this guarantee a 2.5% commission is applied (charged by Kafalat) on a yearly basis
How to apply for Kafalat loan?
Contact us on 04-72 72 22 or visit any of our BLC Bank branches, tell us what your plans are and we will take you through the details from applying for the loan to helping you prepare the business plan and cash flow to finally financing your project.
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