Public Parking

IBL Bank has partnered with BDL to bring you the Parking Loan which is new initiative presented in order to help expand parking places as parking is being more and more difficult these days. Characteristics:
  • Currency: USD
  • Tenor: 7 years (excluding the grace period)
  • Grace period: Between 6 months and 1 year
  • Interest: 3 + 50%FFR => Actual Effective Rate = 3.63%p.a. (Oct 2017)

FFR rate is reviewed on yearly basis.