Commercial Property Loan

What is it?

Whether you want to purchase or refurbish a property or a building that will be used for commercial purposes in line with your business and not for trading, FRANSABANK has the right solution for you with the “Commercial Property Loan”.
Non subsidized sectors can also benefit from Commercial Property Loan under BDL Circular 185 at very competitive conditions, reduced interest rate, free fees and free commissions.

What can you borrow?

	Eligibile Sectors	Loan Amount	Interest Rate	Loan Period	Grace Period
Commerical Property Loan	Subsidized sectors: tourism, industry, agriculture, handicrafts & high technology	Minimum: USD 20,000 or c/v in LBP Maximum: on case-by-case basis	To be determined	Minimum: 6 months Maximum: 10 years	None
Commercial Property Loan under BDL Circular 185	Non subsidized sectors only	Minimum: USD 20,000 or c/v in LBP Maximum: on case-by-case basis	LBP: 40% Treasury Bills (1 year) + 3% USD: Beirut Reference Rate* + 2%	Minimum: 6 months Maximum: 7 years	Minimum: 6 months Maximum: 2 years + loan period

Who are the eligible clients?

Professionals or traders who fulfill the purpose of the loan
The applicant needs to prove a minimum of 2 years career history within the same profession

How can you get it?

First degree mortgage on purchased plot up to 125% of loan amount
Life insurance covering 100% of loan amount
Fire insurance covering the appraised value of the purchased plot

(*) The Beirut Reference Rate is calculated and recommended by the Lebanese Banks Association on the basis of the average cost of deposits for a specific period of time plus the average banking operational cost and taking into consideration the prevailing loans' dollarization rate.

» Required Documents