Name of the Organization : BBAC Bank
Type of Facility : Apply Online For Housing Loans
Country : Lebanon
Website : http://www.bbacbank.com/banking/personal/loan/housing-loans-lebanon
Apply Online For Housing Loans :
Iskan Housing Loan :
BBAC realizes that owning a home is an important part of establishing oneself, hence allowing people to set their roots for the future.
Related : BBAC Bank Apply For Life Insurance Lebanon : www.statusin.org/5808.html
The Iskan Housing Loan from BBAC, in collaboration with the General Institute of Housing, facilitates this opportunity for first home owners, by offering competitive interest rates and flexible terms.
Am I eligible for the Iskan Housing Loan?:
** You must be a Lebanese citizen residing in Lebanon
** You must have at least 2 years of work experience
** You must be purchasing your first house
** You must have a monthly income of maximum 6,750,000 LBP
What do I need to know about the Loan? :
** Currency: Lebanese Pounds
** Loan Amount: up to 270 million LBP
** Repayment Period: up to 30 years
** Financing Amount: up to 100% of the property value
** Interest Rate: 20% of the return on 2- year (LBP) Treasury Bills + 3.5% for the remaining loan period, and is renewable every two years
** Benefits: free house registration and mortgage fees
What are the guarantees and conditions required for the Loan?:
The monthly repayment should not exceed one third of the monthly salary if employed or one fourth of the monthly income if self-employed
** First degree mortgage on the house in favor of BBAC
** Property and fire insurance policy on the house
** A life insurance policy covering death, total permanent disability with The Capital Insurance and Reinsurance Co.
** Additional guarantees such as salary domiciliation and personal guarantee on a case by case basis
What is the next step?:
You can apply for the Iskan Housing Loan by visiting any of the BBAC branches, where the customer service representatives are ready to provide assistance, or online.
Military Housing Loan :
All of Us! For Our Country, for Our Glory, for Our Army! Because those who defend our homeland deserve a peaceful home to call their own, BBAC, in collaboration with the Army Housing Section, brings the Lebanese military forces a flexible and convenient housing loan to assist them in establishing a more secure future for themselves and their families.
With the Military Housing Loan, it is our turn to salute you and thank you for your honor, sacrifice and loyalty.
About Us :
Bank of Beirut and the Arab Countries (BBAC) traces its origins to an alliance forged in 1956 between three prominent investment magnets, the late Toufic Assaf – entrepreneur, industrialist and politician, the late Nashaat Sheikhelard – financier and businessman, and the late Jamal Shehaiber – financier and trader, when the three partners recognized Lebanon’s need for a different kind of banking services and practices.
The bank is registered on the Beirut Commercial Registry under number 6196 and on the Lebanese List of Banks as number 28. The first branch opened in Lebanon’s capital Beirut, on Allenby Street at the heart of Beirut City Center. Toufic Assaf was named Chairman and General Manager, and so he remained until 1996.
Contact Us :
Bank of Beirut and the Arab Countries (BBAC)
250 Clemenceau Street,
BBAC s.a.l. Building,
Beirut – Lebanon