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Business Loan
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Loans

Business loan

Business Loan - Maktabi

If you wish to buy, expand or refurbish your office or place of work, Maktabi loan from BLOM is your solution.

 
What do I have to know about BLOM Business Loan ?


  • Currency: USD only
  • Purpose of the Loan: buying, expanding or revamping a new office, convenience store, warehouse, etc..
  • Maximum Loan Period: 20 years
  • Down Payment: 15% of the purchase price
  • The interest Rate applied: cost of funds+4% (currently 6.89%)- Variable rate.
  • Minimum Loan Amount: USD 15,000
  • Maximum Loan Amount: Unlimited
  • Approval: You can get a preliminary approval within 48 hours from the application date

What are the conditions and guarantees required

  • Monthly payment must not exceed 40% of the monthly income
  • A fire and natural disaster insurance policy and a life insurance policy covering the outstanding loan amount
  • 1st degree mortgage of the real estate

 How can I apply for Maktabi?

  • Pass by any of our branches and get assistance from our customer service officers
  • Apply through our internet banking service: eBLOM.
  • For more information, contact BLOM Bank Call Center on 961-1-753000
* BLOM Bank sal reserves the right to accept or reject any application
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