Renovation Loan
Details
Expatriate Housing

By: BBAC - Lebanon

Description

BBAC introduces the expatriate housing loan.

General Conditions

Loan Currency:
USD
Minimum Loan Amount:
USD 0
Maximum Loan Amount:
Unlimited
Minimum Period:
1 years
Maximum Period:
15 years
Rate Type:
Variable 
Rate First Year:
5.50%
Rate For Period:
LIBOR + 4.0%
Minimum Rate:
4.23%
Loan Type:
Regular
Minimum Down Payment:
30%
Grace Period:
No
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:
USD 250
Expert Fees:
USD 150

Benefits

Financing Amount: up to 70% of the property value in the case of purchasing and 60% in the case of construction or renovation

Guarantees Required

Salary Transfer Required:
Maybe
Guarantor Required:
Yes
Guarantees Required:
First degree mortgage on the house in favor of BBAC 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:
Non Resident
Minimum Income:
USD 1000
Minimum Years of work experience:
minimum 2
Other:
You must be purchasing , constructing or renovating a house.

Basic Required Documents

ID
Proof Of Residency
Proof of income
Title deed

More Information

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