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Kafalat Loan
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Kafalat Loan
Kafalat Loan

​Whether you need to invest in a new business or expand an existing one, choosing the best loan at the best conditions is a key business decision for you. That’s why Fransabank offers you its Kafalat loan, the best financing solution to help you enhance your business productivity, competitiveness and efficiency.​

 
 
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Kafalat Programs Beneficiaries Guarantee Maximum loan amount Maximum loan period
Kafalat Basic Individual, Sole Proprietorship, SARL,SAL,SNC & SCS 75% LBP 300 million 7 years
Kafalat Plus SARL & SAL 85% LBP 600 million 7 years
Kafalat Innovative Start- Up SAL & SARL 90% LBP 300 million 5 years

What do you get?
  • Interest rate: 40% of 1 year Lebanese Treasury Bills + 3%. The interest rate is subsidized by BDL 
  • Commissions: yearly fee of 2.5% of the guaranteed amount for Kafalat SAL
  • Grace period: between 6 and 12 months
  • Free access to our internet banking - iBank, telephone banking - Call Center and SMS alerts services.

What are the eligible sectors?
Kafalat Loan is provided to self-employed individuals or any establishment and company operating in the following sectors:
  • Agriculture and apiculture
  • Industry
  • Tourism
  • High technology
  • Handicrafts

What does it cover?
  • Purchase of machinery
  • Completion of construction costs
  • Installation & rehabilitation of sites
  • Working capital (purchase of material for the first year)
  • Expenses linked to business development

How can you repay your loan?
  • During the settlement period, you settle your installment on a monthly basis
  • During the grace period, no installment should be settled

What are the guarantees needed?
  • Guarantees will be decided by the bank on a case-by-case basis
​​​

Required Documents
Personal documents required from client and/or partner (s) and /or guarantor
  • Copy of identification card or valid passport or civil register
  • Place of residence such as copy of title deed or rent contract or mayor attestation or electricity, phone , or water bill
  • Real estate certificate for plots subject to collateral such as mortgage, negative pledge or proxy to mortgage
  • Financial statements for the last 6 months for existing clients
Documents proving legal status and income
  • Copy of company's circular, by-laws and certificate of registration
  • Copy of documents related to If business location
    • If owned: real estate certificate
    • If rent: last rent contract
  • Copy of syndicate membership (if available)
  • Feasibility study including the cash flow projection for the period of the loan validated by an expert in the field. For term loans, feasibility study with details on projected revenues and expenses.
  • Financial statements for previous years, up to 3 years (If sales turnover is above USD 500,000 financials must be audited)
  • Lists of main clients and suppliers indicating the amount and terms of payment/settlement
  • Latest company bank account statement for the last 6 months (if available)
  • Copy of the latest fire and life insurance policies (if available)
Additional documents for Kafalat , Daam, Commercial Property Loan and Commercial In-Site Loan
  • Copy of the rent contract for the duration of the loan
  • Related permits from concerned authorities for industrial and touristic companies
  • Related permits from concerned authorities for gas stations for Beirut region and municipality certificate for other regions

In addition to above for Commercial Property Loan Only:
  • Municipality attestation proving that applicant is not renting the premises subject of the loan.

If your company belongs to any of the below categories, these legal documents should be also provided


For SAL
  • Photocopy of the minutes of the first Board of Directors meeting
  • Photocopy of the minutes of the last General Assembly meeting that elected the members of the actual Board of Directors
  • Photocopy of minutes of the last meeting of the Board of Directors that elected the actual Chairman and fixed his prerogatives including the right of indebtedness for himself or for any other designated person

For SARL
  • Photocopy of the minutes of the last meeting of the General Assembly that has elected the General Director and fixed his prerogatives including the right of indebtedness
For SCS & SNC
  • Photocopy of the partnership contract with all the amendments that have occurred
  • Minutes of meeting of the partners that granted the right of signature, especially the right of indebtedness, in the name of the company

For Sole Proprietorship & Individuals
  • Certificate of Trade practice
Download Product Key Fact Statement​
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No.1 on the list of banks. BDL Authorization No. 11/438 dated 21.09.2006. Designed and developed by Borninteractive