Building Loan
Details
BBAC housing loan

By: BBAC - Lebanon

Description

The Housing Loan from BBAC provides you with the comfort and the space you and your family need to relax and enjoy.

General Conditions

Loan Currency:
USD
Minimum Loan Amount:
USD 0
Maximum Loan Amount:
Unlimited
Minimum Period:
1 years
Maximum Period:
20 years
Rate Type:
Variable 
Rate First Year:
4.23%
Rate For Period:
LIBOR + 4%
Minimum Rate:
4.23%
Loan Type:
Regular
Minimum Down Payment:
20%
Grace Period:
Yes
Other:
The monthly repayment should not exceed one third of the monthly salary if employed or one fourth of the monthly income if self-employed.

Expenses

File Fees:
0.5% of the loan
Expert Fees:
USD 100

Benefits


Guarantees Required

Salary Transfer Required:
Maybe
Guarantor Required:
Maybe
Guarantees Required:
First degree mortgage on the house in favor of BBAC.case by case basis

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 yeas and above
Applicant Residency:
Resident
Minimum Income:
USD 1000
Minimum Years of work experience:
minimum 2
Other:
Applicant has to be member of NSSF

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