Bank of Beirut : Apply For Housing Loan Lebanon

Name of the Organization : Bank of Beirut
Type of Facility : Apply For Housing Loan
Country : Lebanon

Website : https://www.bankofbeirut.com/

Apply For Housing Loan :

Housing Loan in LBP:
Your housing loan has one address: Bank of Beirut.
Bank of Beirut gives you the chance to own your home at very special rates! With our exceptional Housing Loan in Lebanese Pounds, you can now benefit from the highest financing, the longest repayment period and the lowest installments at a competitive interest of 6.75%.

Related : Bank of Beirut Personal Online & Phone Banking Lebanon : www.statusin.org/5827.html

Loan Features:
Financing: 80% of the house value
Interest:
1st year: 6.75%
Remaining loan period: 3 years Treasury Bills Yield + 0.75% min and 7.5%
Loan period: up to 21 years
Loan amount: LBP 600,000,000
File fees: 0.25% of the loan’s net amount

Eligibility Criteria:
The applicant should:
** Be a Lebanese resident or expatriate
** Be less than 64 years old by the end of the loan period
** Have a stable income; employed or self-employed

Housing Loan in USD:
Have you reached a decision to own your dream home?

The keys of your dream home have never been so easy to get…

Make your dream a reality with Bank of Beirut’s Housing Loan Program in USD and LBP, and choose the home that best suits your aspirations.

Loan Features:
Financing: up to 80% of the house value
Competitive interest rates: – 1st year: 4%
Remaining loan period: BCR + 2.75%
Loan period: up to 30 years
Loan amount: up to USD 1 Million or LBP 1.5 Billion

Eligibility Criteria:
The applicant should:
** Be a Lebanese resident
** Be over 21 years old
** Be employed or self-employed
** Have a stable job with at least 2 years of working experience
** Earn a minimum monthly income of LBP 2,000,000 for private sector employees and LBP 1,500,000 for public sector employees, or its counter value in US Dollars

Required Documents:
** First degree mortgage over property in favor of Bank of Beirut
** Life insurance along with fire insurance for the entire loan duration
** For employed applicants, salary attestation from employer
** For self-employed applicants, financial statements covering the last 2 years of business activity
** Personal net worth statement
** Identity card

FAQs :
What is the difference between Booked Balance and Cleared Balance?
Booked Balance shows how much money you have in your account before any adjustments are made in terms of deposits in transit, or checks that have not yet been cleared.

On the other hand, the Cleared Balance is the amount of money that can be withdrawn or used in your financial transactions.

Until funds are considered as cleared, they are referred to as ‘Uncleared’ funds, meaning that one or more pending credit transactions have not yet completed the clearing cycle.

How can I cancel my checkbook?
You may reach out to our Contact Center, by calling 1262 if you are a Lebanese resident and +961 5 955 262 if you live abroad. You may also contact your branch during working hours.

What do I need to know about the Business Online Banking Token?
A token is a small hardware device that the owner carries as an authentication technology that is used to protect network resources.

What do I do if I forget my Bank of Beirut Online / Mobile Banking Password?
In such an event, please contact our Contact Center via email (add hyperlink) or phone call on 1262 if you are residing in Lebanon, or +961 5 955 262 if you are residing outside Lebanon, where our representatives will help you reset your password.

What do I benefit from Phone Banking / IVR?
To enroll to the Phone Banking service, you can either visit your branch to sign the related application or you can call our Contact Center on 1262 if you are residing in Lebanon, or +961 5 955 262 if you are residing outside Lebanon, where our representatives will help you in the enrollment process and send you the related PIN code via SMS.

N.B : It is worth noting that the Phone Banking / IVR is a different service from Mobile Banking.