Products & services > Commercial and Corporate Banking > Salary Domiciliation/ Payroll Services
BLC Bank s.a.l. offers Ratiby salary domiciliation services to the public and private sector employees. Ratiby is a free of charge and interest generating account that allows firms to domiciliate their employees’ salary at any of the Bank’s branches through the following:
Ratiby Domiciliation Account:
For monthly fees of “8500 LBP”, the employee will benefit from:
- Earned interest rate : 2% on the outstanding balance less than 1,500,000 LBP
4% on the outstanding balance greater than 1,500,000 LBP
Interest credited quarterly
- Statement of Account : free of charge and issued quarterly
- Bills domiciliation: free
- Check book : free of charge 10 leaves
- MasterCard Debit card: free
Supplementary card: LBP 1,500/month
- MasterCard Credit card:
- free
- Card limit up to 6 x salary
- Grace period up to 40 days
- Internet card: $10 yearly
- Personal Accidents : free “Awlawiyati Personal Accidents“ cover $12,000
- Personal loan
- Loan amount: 10 x monthly salary, starting LBP 1,000,000 to max. LBP 30,000,000
- Interest rate: 8.5% flat
- Loan duration: up to 4 years
- Files fees: 1% of loan amount min LBP 50,000
- No additional commission on A/C
What are Ratiby’s benefits to the employee?
- Accessing salary in a convenient and easy manner, anytime
- High interest rates earned on low account balances
- Exempt of regular charges and fees
What are Ratiby’s benefits to the employer?
- Time saving through direct electronic funds transfers
- Cost effective by cutting overhead expenses
- Increased efficiency in managing employees' payroll
- Reduced risk of handling large amounts of cash
How does the employee qualify for Ratiby?
- Age between 21 & 60 (by the end of the loan period)
- A confirmed employee with regular monthly income & min. 6 months enrollment in the company
- Monthly installments should not exceed 1/3 of monthly salary
- Guarantor may be required on a case by case basis
All the company needs to do is to open an account at BLC Bank and provide a list of employee names willing to benefit from Ratiby and relevant salaries.
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