Retail Banking / Loans / Housing Loans / BML Housing Loan
|Acceptable House Status Under Construction|
|Acceptable House Status to Build a House|
|Acceptable Applicant Status General Conditions|
- Purchase of a residence (as primary or secondary) in Lebanon
- Applicants must be a minimum of 25 years old initiation and a maximum of 64 years old at loan settlement date.
- Expatriates can benefit from this program
|Loan Maximum Amount|
1 Million USD
Up to 75% of apartment purchase price or appraised value
0.5% of loan amount
5.8% for the first year, and follows a formula for the next years, 1 year Libor + 5% with a floor of 7.5%. The rate is reviewed every year.
|Life and Fire Insurance|
Paid by the client