Frequently Asked Questions
At O Finance, we make borrowing simple, transparent, and accessible. Explore the questions below for quick answers on our loans and services, so you can decide with confidence.
We answer your questions.
Everything you need to know about lending with O Finance.
What documents are required to apply for a personal loan?
To apply for a personal loan, you will need to provide following documents:
- A valid Lebanese ID or Passport
- Proof of residence (Title Deed, utility bill, or rent contract)
- Recent salary certificate
- Bank or Wallet statement for the last 6 months
Additional documents may be requested by O Finance SAL on a case-by-case basis as part of the credit review process.
How long does the approval process take?
Our approval process is quick and efficient. Once all required documents are submitted, your application will typically be reviewed within three working days. We will notify you as soon as a decision is made.
Are there any fees on personal loans?
Yes, personal loans include standard fees, such as:
- File fees
- Stamp fees
All fees are clearly disclosed in the Key Facts Statement (KFS) to ensure full transparency and clarity.
Can I settle my loan early? Are there early settlement fees?
Yes, early settlement is available, with two options:
- Partial Early Settlement:
You may partially settle your loan at any time. No early settlement fees apply to partial payments.
- Full Early Settlement:
Full settlement is available subject to approval. However, early settlement fees apply. The exact fees will be clearly outlined in your loan agreement and Key Facts Statement (KFS).
For an updated settlement amount or to request approval for full settlement, contact us on 21-425 823 or 21-425 826.
Will I need a personal guarantor to apply for a personal loan?
A guarantor may be required depending on your individual case and the outcome of the credit evaluation.
If a guarantor is needed, our team will inform you during the assessment and guide you through the necessary steps.
If I am self-employed, can I benefit from a personal loan?
Yes, self-employed individuals are eligible to apply for a personal loan. Your application will be evaluated based on your income stability, business activity, and the documents provided. Our team will guide you through the required documents and the assessment process.
For further details, please contact us on 21-425 823 or 21-425 826
What are the documents needed for a self-employed individual?
Self-employed individuals will be asked to provide the following documents:
- A valid Lebanese ID or Passport
- Proof of residence (Title Deed, utility bill, or rent contract)
- The company’s recent commercial register and circular
- Audited Financial statements or tax declarations for the last 3 years
- Statement of account for the last 12 months
Additional documents may be requested by O Finance SAL on a case-by-case basis as part of the credit review process.