Renovation Loan
Details
Military Housing

By: BBAC - Lebanon

Description

BBAC introduces the military housing loan .

General Conditions

Loan Currency:
LBP
Minimum Loan Amount:
LBP 0
Maximum Loan Amount:
LBP 225,000,000
Minimum Period:
7 years
Maximum Period:
18 years
Rate Type:
Fixed 
Rate First Year:
1.63%
Rate For Period:
1.63
Minimum Rate:
1.63%
Loan Type:
Subsidized
Minimum Down Payment:
10%
Grace Period:
No
Other:
Monthly repayment should not exceed one third of the monthly salary if employed.

Expenses

File Fees:
free

Benefits


Guarantees Required

Salary Transfer Required:
Maybe
Guarantor Required:
Maybe
Guarantees Required:
First degree mortgage on the house in favor of BBAC . Insurances with The Capital Insurance & Reinsurance Co. s.a.l.

Insurance

Property Insurance:
property&fire
Property Insurance Paid:
Installments
Property Insurance Company:
Capital Insurance and Reinsurance Co.

Life Insurance

Life Insurance:
death/disability
Life Insurance Paid:
Installments
Life Insurance Company:
Capital Insurance and Reinsurance Co.

Applicant Profile

Age:
18 years and above
Applicant Residency:
Resident
Minimum Income:
USD 1000
Minimum Years of work experience:
minimum 2
Other:
You must be a current member of the Lebanese military or retired one. With minimum two years of experience.

Basic Required Documents

ID
Proof Of Income
Proof Of Residency
Title deed

More Information

Contact our 24/7 Call Center:
+961 (4) 727 747
Contact