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Green Loan

Are you interested in Going Green?

With the new Banque Libano-Française subsidized Green Loan, you can install a photovoltaic system at your home and protect the environment while reducing your electricity bill.  

Loan characteristics
  • financing the full cost of the installation of a photovoltaic system at your residence,
  • currency: LBP only,
  • loan amount: minimum 7,500,000 | maximum LBP 300,000,000,
  • interest rate applicable:
    • for amounts <LBP 30,000,000: 0.75% fixed over the whole loan period,
    • amounts >LBP 30,000,000: variable and based on one-year Treasury Bills*,
  • grace period: 6 months on the principal loan amount,
  • loan period:
    • for amounts <LBP 30,000,000: maximum 5 years (including the grace period),
    • for amounts <LBP 30,000,000: maximum 5 years (including the grace period),
  • BDL* commission: 0.4% of the loan amount,
  • no file fees,
  • guarantee:
    • for amounts <LBP 30,000,000: life insurance in favor of the Bank and salary domiciliation, or a personal guarantee or cash collateral (without life insurance),
    • for amounts between LBP 30,000,000 and LBP 60,000,000: provision on mortgage, 
    • for amounts >LBP 60,000,000: property mortgage.

*Reviewed annually

Loan additional advantages
  • no down payment required.

Example

For a Green Loan* of LBP 25,000,000 over a 4-year period at a 0.75% annual interest rate, during the first 6-month grace period an amount of LBP 16,146 is settled, then the loan is reimbursed through 42 equal monthly installments of LBP 603,403 at an Annual Percentage Rate (APR) of 1.64% (including life insurance premium and BDL commission).
Conditions apply as at 13/03/2017 and are subject to variation. 

*Subject to pre-study and approval of the application

Applicant's eligibility criteria
  • nationality: Lebanese,
  • age: 21 - 64 (at loan submission),
  • occupation: the applicant should be:
    • an employee with a steady job and income for more than 18 months,
    • a self-employed with a minimum 3-year work experience in the same field.
  • minimum required monthly income:
    • LBP 1,200,000 or the counter value for employees,
    • LBP 2,500,000 or the counter value for self-employed. 
  • monthly payments: maximum 33% of the monthly income for employees and self-employed.


Every credit facility is an engagement and must be reimbursed. Check your repayment capacities before you apply.

To submit your loan application, learn more about our loan eligibility requirements and requested documents, visit the nearest BLF branch where our customer advisors will be pleased to share with you a customized simulation, including your Annual Percentage Rate - APR based on your profile and selected financing terms.

For any additional information, please contact your nearest BLF branch or our Call Center on 1272 or send us an email on info@eblf.com

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BDL Approval No.: 729/cc/17 Dated: 13/08/2014
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