Whether its sudden bills, emergency expenses or last-minute arrangements, you do not have to worry anymore. BBAC brings you a quick solution to ensure you are prepared for any unexpected financial situation.
With the Instant Loan, you can get the cash you need instantly within 24 hours.
- Are you eligible for the Instant Loan?
- You must be a Lebanese citizen residing in Lebanon
- You must be between 19-62 years old at loan maturity
- You must be an employee with at least 1 year of work experience
- You must have a minimum fixed monthly salary of USD 500 or its equivalent in LBP
- What do you need to know about the Loan?
- Currency: US Dollars or Lebanese Pounds based on the currency of the salary
- Loan Amount: up to 90% of your last salary with a maximum of 10,000 USD or its equivalent in LBP
- Repayment: overdraft limit revolving over 1 year
- Interest Rate: 12% on USD and 14% on LBP (Regressive)
- Commission: LBP 4,500 per month or USD 3
- File Fees: Ranges between USD 65 to USD 150 depending on loan amount
- What are the guarantees and conditions for the Loan?
- Salary domiciliation at BBAC
- Life insurance policy covering death and permanent total disability from an insurance company acceptable to BBAC
- What is the next step?
You can apply for the Instant Loan online, or by visiting any of the BBAC branches, where the customer service representatives are ready to provide you with more information on the features and conditions of the loan.