Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Bankmed - Smart Loan Bankmed - Smart Loan Minimum Salary: USD 1,500 Salary Transfer: No Islamic Finance: No Maximum Term: 3 Years Flat Rate: 7.22% Reducing Rate: 13.0%
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Get in-principle approval on your personal loan within 48 hours, and start your first payment after six months

Whether you need to finance your wedding, renovate your house, pay travel expenses, Bankmed Personal Loan meets all your needs with a CASH solution and a LONG GRACE PERIOD!
Features
  • In-principle approval within 48 hours
  • Finding amount up to USD 10,000
  • First payment after six months
  • Convenient repayment period up to 36 months, starting January 2015
  • Fixed monthly installments for easy budgeting
Documents Required
  • Copy of ID
  • Certified salary certificate at least 21 days from the date of the application
  • Additional documents may be required depending on the case
Eligibility
  • A Lebanese citizen
  • Aged between 21 and 60 years
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
Federal Bank of Lebanon - Personal Loan
Minimum Salary
USD 500
Flat Rate
6.67%
Banque Libano Francaise - Personal Loan
Minimum Salary
USD 800
Flat Rate
8.51%
Fransabank - Personal Loan for Public Sector
Minimum Salary
USD 0
Flat Rate
6.94%
SGBL SOGELOAN
Minimum Salary
USD 400
Flat Rate
5.97%