Housing Loans By BDL
Housing Loan Subsidized by BDL
The housing loan provided by Finance Bank s.a.l. aims to finance the purchase of residential apartments or building houses, and is available to employees in the private and public sectors, self-employed and owners of productive enterprises.Housing Loan specifications
- Financing up to 75% of the value of the house.
- The loan repayment period is up to 30 years maximum.
- Maximum loan amount is 1.200 million Lebanese pounds.
- A competitive interest rate of 25% of Treasury bills/ bonds for one year + 2.9%.
- The loan is only available in Lebanese pounds.
- Grace period ranging from 3 months to 6 months maximum.
- Equal installments throughout the loan period.
- The house to be purchased must be the main residence of the client.
Conditions for obtaining a loan
The housing loan applicant must meet the following conditions:- Must be residing in Lebanon.
- Must be 21 years old and above.
- Must be an employee or has a liberal profession or a business.
- Must have a fixed work for at least two years.
- The minimum monthly income for a loan applicant must not be less than 2,000,000 Lebanese pounds for workers in the private sector, or about 1.5 million Lebanese pounds for staff in the public sector or equivalent in US dollars.
- The customer must not have unpaid debt with other banks.
- The customer must not be registered on the bounced checks list.
- A first category mortgage on the section to be purchased.
- BDL approval.
Required Documents
- Personal identity card, personal civil status record, or a passport.
- Salary attestation for employees in the public or private sectors.
- For the owners of liberal professions:
- Provide financial statements covering the last three years of business.
- Statement of net income for loan applicant.