Housing Loan
Details
Iskan Loan

By: Credit Libanais - Lebanon

Description

This loan is subsidized by the Public Consumer for Housing (PCH) to cover the cost of purchase, renovation or completion of an existing primary residence .

General Conditions

Loan Currency:
LBP
Minimum Loan Amount:
LBP 30,000,000
Maximum Loan Amount:
LBP 270,000,000
Minimum Period:
10 years
Maximum Period:
30 years
Rate Type:
Variable 
Rate First Year:
5.07%
Rate For Period:
20% (2YR TB) + 3.9%
Minimum Rate:
5.80%
Loan Type:
Subsidized
Minimum Down Payment:
20%
Grace Period:
No
Property Condition:
Finished

Expenses

File Fees:
Free
Expert Fees:
LBP150,000 in beirut
Commission:
1% flat fee
Other:
Expert fees ouside beirut LBP 225,000

Benefits

Exempted from stamps, mortgage and registration fees

Guarantees Required

Salary Transfer Required:
Maybe
Guarantor Required:
Maybe
Guarantees Required:
Property is mortgaged as collateral

Insurance

Property Insurance:
Yes
Property Insurance Paid:
Flexible
Property Insurance Company:
CLA

Life Insurance

Life Insurance:
Yes
Life Insurance Paid:
Flexible
Life Insurance Company:
CLA

Applicant Profile

Age:
18 and above
Applicant Residency:
Resident
Minimum Income:
LBP 6,750,000 or less
Minimum Years of work experience:
2 Year
Other:
Applicant must be under 64 years old by the end of the loan period

Basic Required Documents

Proof of employment for at least 2 years or proof of being self-employed with sufficient confirmed income

More Information

+961 (1) 200028
or 1518
Contact