BDL Subsidized Loans

Perfect for businesses engaged in agriculture, industry and tourism.

IBL Bank has partnered with BDL to bring you the BDL Subsidized Loan which is a great choice if your business is in agriculture, industry, tourism or other specific sectors and you want to finance a new project or expand your existing project. Ideal for businesses in Lebanon.

Highlights:
  • Loan Amount:
    • Starting USD 34,000 (or its equivalent in EUR)
    • Not Exceeding USD 10,000,000 (or its equivalent in EUR) for a single institution
  • Sectors Covered:
    • Tourism
    • Agriculture and handicrafts
    • Information Technology equipment
    • Design programs and specialized technology
    • Industry
  • Tenor:
    • 5 - 7 years
    • 15% max repayment of the principal during the first 2 years
    • 2 years including 1 year grace period if taken for Working Capital needs only.
  • Grace Period: 0 - 2 years
  • Interest:
    • USD: 7.5%*FFR + 3M Libor + 7% → Actual Effective Rate= 3.96 p.a. (Oct 2017);
    • USD: 40% US$ CD Yield + 2.5% + 30%FFR => Actual Effective Rate = 5.48%p.a. (Oct 2017) (Rate applied for Working Capital Needs)
    • Interest rate is reviewed quarterly