Are you interested in Going Green?
With the new Banque Libano-Française subsidized Solar Heater Loan, you can get your loan at 0% interest rate and protect the environment while reducing your electricity bill.
- financing the full cost of your solar heater,
- currency: LBP only,
- loan amount: minimum LBP 1,000,000 | maximum LBP 7,500,000,
- interest rate applicable: 0% over the whole loan period,
- loan period: minimum 12 months | maximum 60 months,
- BDL* commission: 0.4% of the loan amount,
- no file fees,
- guarantee: life insurance in favor of the Bank (other guarantees may be required on a case-by-case basis).
*Banque du Liban
Loan additional advantages
- no down payment required,
- a $200* subsidy will be offered by the Ministry of Energy and Water if the solar heater is approved by the Lebanese Center for Energy Conservation (L.C.E.C.).
*Subject to L.C.E.C. approval
For a Solar Heater Loan* of LBP 1,800,000 over a 2-year period at a 0% annual interest rate, the Loan is reimbursed through 24 equal monthly installments of LBP 75,000 at an Annual Percentage Rate (APR) of 2.18% (including life insurance premium, fiscal stamps and BDL commission).
Conditions apply as at 12/05/2015 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.