Renovation Loan
Details
Bankmed Housing

By: Bankmed - Lebanon

Description

BankMed Provides you with the chance to own a house with multiple financing plans to meet your needs.

General Conditions

Loan Currency:
USD
Minimum Loan Amount:
USD 100,000
Maximum Loan Amount:
Unlimited
Minimum Period:
5 years
Maximum Period:
20 years
Rate Type:
Variable 
Rate First Year:
5.75%
Rate For Period:
BRR + 1%
Minimum Rate:
7.00%
Loan Type:
Regular
Minimum Down Payment:
25%
Grace Period:
Yes
Other:
Finished House
Primary residence
Renovation
To Build House
Under Construction

Expenses

File Fees:
1% of loan min$250
Expert Fees:
$200

Benefits


Guarantees Required

Salary Transfer Required:
Maybe
Guarantor Required:
Maybe
Guarantees Required:
1st degree mortgage
insurance
case by case

Insurance

Property Insurance:
fire
Property Insurance Paid:
Flexible
Property Insurance Company:
AXA

Life Insurance

Life Insurance:
life
Life Insurance Paid:
Flexible
Life Insurance Company:
AXA

Applicant Profile

Age:
21 years and above
Applicant Residency:
Resident, Non Resident
Minimum Income:
USD 800
Minimum Years of work experience:
6 months
Other:
Lebanese citizen or resident, with a minimum age of 21 years
Employee in the public or private sector
Minimum income $800 (if single) and $1000 (if married).

Basic Required Documents

ID
Proof Of Income
Proof Of Residency
Title DEED
Real estate certificate

More Information

01-708090
Contact