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Thursday, September 9, 2010
 
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LGB Personal > Loans > LBP Home Loan
 
Choose a Home to Own
 
Loan Features
    Amount:
  • Minimum loan amount LL 50,000,000
  • Maximum loan amount LL 1,500,000,000
 
    Financing:
  • 70% from the home appraisal amount for both residents and expatriates
  • Fixed competitive interest rate for the first year,
  • Then, 40% on Lebanese Treasury Bills Yearly yield in addition to 3% reviewed yearly
 
Required Guarantees
  • First rank mortgage
  • Life and permanent disability insurance for the applicant troughout the loan period
  • Real estate fire insurance policy on the property throughout loan period
 
Loan Duration
  • From 7 to 15 years in addition to a given grace period ranging between 6 months to 24 months
 
Eligibility Criteria
  • Loans applicable for built houses and/or houses under construction
  • Age not to exceed 64 years by the end of the loan period
  • Employee or self employed
  • A minimum monthly salary or income of one million and two hundred thousand Lebanese Pounds for self-employed applicants and eight hundred fifty thousand Lebanese Pounds for employees
  • A monthly payment not exceeding 1/3 of employee salary and 1/4 of self-employed income
 
Required Documents
  • Copy of ID
  • Legal recent proof of residency signed by the mayor
  • Recent, original and authenticated salary certificate for employees
  • Declaration of last year income for self employed applicants
  • House-related documents
 

For more information Visit us at any of our LGB Branches

or Contact our Customer Service at 01 965 965

or e-mail us at info@lgb.com.lb

 



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