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  • Business Loan with ESFD

Business Loan with ESFD

Looking for financing your new project or developing an existing one? BLOM Bank offers you the business loan in cooperation with the Economic and Social Fund for Development.

What do you have to know about the Business Loan with ESFD?

Currency

LBP

Down Payment

No down payment

Loan Period

7 years including grace period (0 to 6 months)

Interest Rate

Currently 14.35% (Variable rate of one year T-Bills Cost+ 9%)

Minimum Loan Amount

No minimum

Maximum Loan Amount

LBP 75 million

Typical APR*

15.83%

 

*The Typical APR is a unit of measurement that represents interests and any other cost imposed on the client through the Bank as a result of a product contract.

 

What are the conditions and requirements to apply for the Business Loan with ESFD?

  • Real estate guarantee (excluding primary residence)
  • No guarantees that the customer meets the terms and conditions of the personal loan
  • Personal guarantee
  • Guarantor must have his salary domiciled
  • Mortgage
  • A fire and natural disaster insurance policy
  • A life insurance policy covering the outstanding loan amount

 

How can you calculate your monthly payments for the Business Loan with ESFD before applying?

To see what your monthly house loan repayments will be, click on "Simulate" found on the top of the page, before you apply online.

 

How can you apply for the Business Loan with ESFD?

  • Pass by any of our branches and get assistance from our customer service officers.
  • Contact our 24-hour Call Canter at: 01-753000


For more information, head towards the nearest BLOM Bank branch, or contact our 24/7 Call Center on +961-1-753000 anytime, any day.

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