Housing Loans
Tel: (01) 501600
Fax: (01) 485245
Benefits
Purchase, build or renovate a residential home.Characteristics
- Currency: USD- Loan amount: Unlimited
- Financing: Up to 70% of the house value
- Maximum repayment period: between 15 and 30 years
- Interest rate: First year: 6.5%
Following years: Libor over 1 year +4.5%
(with a minimum of 8.25%)
- Mortgage & stamps fees: Exempted if loan amount is less than USD 120,000
& loan period exceeds 7 years
- Maximum monthly payment: Not to exceed 1/3 of monthly income / salary
"At Home" in LBP
(subsidized by the Central Bank of Lebanon)
Benefits
Purchase or build a main residential home.Characteristics
- Currency: LBP- Loan amount: Unlimited
- Financing: Up to 85% of the house value
- Grace period: Min. 6 months - Max. 48 months
- Maximum repayment period: 180 months (15 years)
- Interest rate: 40% from treasury bonds return over 12 months + 3%
- File fees : Nil
- Quarterly commission: Nil
- Expert fees: Nil
- Mortgage & stamps fees: Exempted if loan amount is less than USD 120,000
& loan period exceeds 7 years
- Maximum monthly payment: Not to exceed 1/3 of monthly income / salary
Requirements
- If the applicant is an employee: Registered in the NSSF- First mortgage of the property
- Life insurance policy (death and permanent total disability)
- Fire & natural disasters insurance policy on the property
- Personal guarantee (case-by-case basis)
- Salary domiciliation (case-by-case basis)
Required Documents
- ID- Personal and family identification
- Proof of income (statement of account for the last 6 months for self employed
or authenticated salary attestation for employees, etc.)
- Proof of residence of both the student and the guarantor (issued by the
mayor), electricity or telephone bill, etc.
- Copy of the title deed
- Undertaking to sell from the buyer
- Recent land register extract.
All conditions are subject to change without prior notice.