Estimated reading time:1 minute, 56 seconds

Byblos Bank is eager to build bridges with Lebanese expatriates around the world, and to make it happen they provide customized solutions that answer your needs.

Eligibility
  • Lebanese citizen with official residence in a foreign country
  • Maximum age not to exceed 64 by the end of the loan period
  • Employed or self-employed with a minimum of two years working experience in the same field
  • Self-employed must have documented banking relationship
  • Minimum net monthly income USD 3,000
  • Monthly payments should not exceed one-third of salary/income

Currency

  • USD & LBP

 

Amount
  • Maximum LBP800,000,000 or USD 530,000

 

Interest Rate
    • Regressive interest rate based on

 

  • For USD Cost of fund plus 2% (6.13% as of May 2017); regressive reviewed annually
  • For LBP: 25% treasury bills 1yr+2.9%(4.24% as of May 2017), Regressive reviewed annually

 

Repayment Period
  • Minimum seven years; maximum 30 years
Additional feature for Lebanese Expatriate

For loans outside these conditions(principal residence and maximum loan amount) we offer the “Beyti” housing loan in USD at a regressive interest rate based on Cost of fund plus 2.8% for the first 2 years , then cost of fund + 3% for remaining years  (6.93% as of May 2017); reviewed annually
For more info about housing loan “Beyti”:
 http://www.byblosbank.com.lb/Lebanon-Housing-Loan-“Beyti”

Distinctive Features For Expatriate Housing Loans

    • Preferential interest rate
    • Purchased home must be principal residence
    • The purpose of the loan is to finance finished apartment only in Lebanon or construct own house.
      Application can be made as a single or couple
    • Decisions on applications communicated with minimum time frame
    • Financing level up to:
      • 75% for finished homes
      • 60% for homes in which the buyer is already a tenant
      • 50% of project cost (land plus construction) for construction of a home
    • No mortgage fees and no stamp fees on loans for homes valued at USD 120,000 or less
    • No filling fees
    • No hidden fees and commissions
    • Possibility of financing apartment under construction with selected promoters/developers
    • Pre-approved credit card – with USD 5,000 limit – for the first year with every approved Housing Loan
    • Free Online & Mobile Banking to manage and settle your loans
    • Construction period or grace period should not exceed 2 years.

Conditions*
  • First mortgage on the home
  • Life insurance for the applicant, paid over 2/3rd of the loan period only contracted with ADIR insurance company
  • Fire insurance on the home
Read more: nohomelikehome.com