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: BDL USD rate - 2.25%→ Actual Effective Rate = 4.25%p.a. (Feb 2018).
    BDL weighted average rates are repriced yearly on each 31/12 rate is reviewed on yearly basis, unless amended otherwise in further circulars

FFR rate is reviewed on yearly basis.