Credit Libanais’ Mid-term Loan is a personal loan with a repayment period up to 4 years. This loan was especially created for liberal profession practitioners such as doctors and engineers in order to respond to their medium financial requirements.  Existing customers whose salaries are domiciliated at Credit Libanais are also eligible for this type of personal loan. Mid-term Personal Loans, therefore, correspond to the needs of a large segment of the Lebanese population and offers them the possibility to have access to cash in order for them to cover their personal needs.

 Features

• Total loan amount ranging between USD 10,000 and USD 40,000
• Repayment period up to 4 years
• Equal monthly installments not exceeding 33% of monthly income

 Requirements

• Minimum 28 years of age and below 64 years by the end of the loan period
• Completion/exemption of the military service
• “negative pledge” or mortgage, for amounts exceeding USD 25,000 only
• Proof of employment for at least 2 consecutive years with the same employer
• If self-employed, proof of sufficient, confirmed income
• Life insurance covering the loan period, available from CLA
• 1 or 2 guarantors, depending on each case*

*Every guarantor is required to present the same type of documentation.