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Kafalat Loans

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Kafalat Plus

Grow your business

You want to take your company to the next level, and Byblos Bank wants to help. For borrowers willing to commit their own funds, a Kafalat Plus Loan can provide up to 80% of project costs on highly advantageous terms. 

  • Financing

    up to LBP 600 million

  • Repayment Period

    Up to 7 years

  • Kafalat Guarantee

    85% of principal

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Distinctive Features

  • Repayment Period

  • Repay the loan over a period of 7 years (including grace period) via equal monthly installments
  • Kafalat Guarantee

  • 85% of principal 
  • Grace Period

  • Grace period of 6 to 12 months
Eligibility
You must be an S.A.L., S.A.R.L., or cooperative (existing or start-up) 
You should have the relevant technical skills and a minimum of two years of work experience in the field 
You must present a business plan, complete with cash-flow prediction and feasibility study, that demonstrates the viability of the activity to be financed
 
Required Documents

Preliminary study prepared by the client detailing 3 scenarios

  • The forecasted cash flows over the total period of the loan
  • Pro forma invoice of the items to be purchased with the loan
  • Schedule of withdrawals

 

Personal documents required from the borrower

  • Copy of ID or passport, or extract of civil status
  • Signed list of properties owned by client and/or guarantor
  • Copy(ies) of title deed(s) of the property(ies)
  • Proof of residence for personal addresses of shareholders

 

Documents related to the project

  • License to operate in Beirut. For other regions, municipality certificate is sufficient
  • Investment permit for industrial companies and/or tourism permit
  • Certified rental contract and/or document proving place of work (most recent) or real estate ownership if the location is owned by the client (title deed, etc.)
  • Feasibility study is mandatory for all types of Kafalat loans and must be prepared by an expert in the borrower’s field of business

 

Financial documents

  • Declaration of income and financial statements for the past 2 years, dated and signed by the client
  • Bank statement of accounts for the past 6 months
  • Invoices, contracts, daily register, or any other document proving income
  • Detailed list of clients with their due balances, dated and signed by the borrower
  • Discharge receipt from the municipality 

 

Legal documents

  • Statement of the company’s public or private register of commerce (preferably both)
  • Copy of company bylaws
  • Recent certified Commercial Circular

 

Kafalat Plus additional documents

  • Market Study
  • Appraisals of properties covering at least 100% of the loan amount
  • Audited financial and fiscal statements, including related notes
 
Conditions and Guarantees

Available only in LBP

Client must commit to minimum contribution of 20% of project costs for existing companies, and 30% for new businesses.
Life insurance that could be contracted through ADIR Insurance, a member of the Byblos Bank Group, covering 110% of the loan amount if continuity is not secured
Fire insurance that could be contracted through ADIR Insurance, a member of the Byblos Bank Group, covering stock, machinery and premises (if deemed necessary)

No other guarantees are required – or allowed – under the Kafalat Plus program

 
Example of Annual Percentage Rate (APR)
APR calculation includes stamp fees, BDL filing fees, and Kafalat commission
Currency: LBP
Loan amount: LBP 600,000,000
Loan period in years: 7
Grace period in months: 12 months (included in the loan period)
Variable interest rate (regressive): 0.64%
APR: 2.585%
 

This Product Goes Well With

  • Visa Business Card

    Visa Business Card

    Save time and money
    • Keeps You in Control

      Less paperwork and lower costs

    • Monthly Limit

      Up to USD 20,000

    • Annual Fee

      USD 75

  • ATM Deposit Card

    ATM Deposit Card

    The freedom to grow
    • No Hidden Fees for Checks

      Same low commissions as at your branch

    • Less Hassle and Paperwork

      Up to 50 checks or notes per deposit

    • Extra Security

      Card doesn’t allow withdrawals

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