Kafalat Plus

The business power of more.

Kafalat Plus is perfect for companies in Lebanon that need up to USD400,000  for their work in industry, agriculture, tourism, crafts and technology. With IBL Bank’s Kafalat Plus loan you can purchase equipment and capital goods, renovate or expand your plant, purchase raw materials and spare parts, cover construction costs, engage in research and development, and fund marketing promotion activities (such as participating in professional showrooms or foreign exhibitions).

  • Maximum Amount: LBP600,000,000  (or its equivalent in USD)
  • Eligible Applicants:
    • Limited Liability Company (SARL)
    • Joint Stock Company (SAL)
    • Cooperative
  • Sectors Covered:
    • Industry
    • Agriculture
    • Tourism
    • Crafts
    • High technologies
  • Tenor: Up to 7 years
  • Grace Period: Between 6 months and 1 year
  • Kafalat Guarantee: 85%
  • Collateral: No Collateral
  • Interest Rate: USD:
    • LBP: 1 Year TB + 3% - subsidy rate 4.5% => Actual Effective Rate = 3.85%p.a. (May 2018)
    • USD: Libor 1Y + 5.5% - subsidy rate 4.5% => Actual Effective Rate = 3.77%p.a. (May 2018)
  • Commission: 2.5% Kafalat Commission on the outstanding guaranteed amount to be collected on an annual basis
  • Conditions:
    • Minimum 20% contribution of the borrower in the project
    • Private equity should not be less than 30% of the total liabilities i.e. Debt to equity ratio should not exceed 70/30

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