Apply For Housing Loans Lebanon : First National Bank FNB

Name of the Organization : First National Bank
Type of Facility : Apply For Housing Loans
Country : Lebanon

Website : https://www.fnb.com.lb/Pages/Home.aspx

Apply For Housing Loans :

FNB’s Housing Loan Programs: Make Your House a Home

Now is the time to make your dream a reality with FNB’s Housing Loan. The only thing you need to worry about is when to move in.

Related : FNB Rewards Program Lebanon : www.statusin.org/5851.html

FNB’s Housing Loan:
Loan Characteristics:
Loan amount: up to $250,000
Repayment period: up to 15 years in USD

Loan financing:
80% of total amount for a finished apartment
100% of total amount needed for renovation
70% of total amount for a rented apartment

FNB’s PCH Housing Loan (Iskan Program):
Loan Characteristics:
Loan amount: up to 270 million LBP
Loan currency: LBP
Repayment period: up to 30 years

Loan Benefits:
** Preferential low interest rates
** Flexible repayment period
** No registration fees, real estate mortgage, or contract stamp fees

Loan Conditions:
** Applicant should be a Lebanese citizen
** Applicant should have been employed for more than one year or self employed for more than two years
** Applicant’s monthly payment shouldn’t exceed 1/3 of the monthly salary (for employees) & 1/4 of the monthly income (for self employed)
** Applicant’s minimum salary should be $600 for private sector employees, $400 for public sector employees, and $1500 for self employed
** Family income shouldn’t exceed 6,750,000 LBP
** Applicant shouldn’t be retired when loan period ends

Expatriate Housing Loan:
Even if you don’t reside in Lebanon, you have the ability to purchase your dream home.

Loan Characteristics:
Loan amount: up to $250,000
Repayment period: up to 15 years
Loan financing: up to 70% for finished apartments

Loan Conditions:
** Applicant should be a Lebanese citizen
** Applicant’s monthly payment shouldn’t exceed 1/3 of the monthly fixed income
** Applicant shouldn’t be retired when loan period ends

BDL Subsidized Housing Loan:
Loan Characteristics:
Loan amount: up to 500,000,000 LBP
Loan currency: LBP
Repayment period: between 7 and 15 years
Grace period: between 6 months and 2 years

Loan financing:
** 80% for Lebanese residents
** 50% for expatriates

Loan Conditions:
** Applicant should have been employed for more than one year (for public and private sector employees) or more than two years (for self employed and expatriates)
** Applicant’s monthly payment shouldn’t exceed 1/3 of the monthly salary (for public and private sector employees) and 1/4 of the monthly income (for self employed and expatriates)
** Applicant’s monthly salary should be $2,000 for public and private sector employees (singles or married), $2,750 for self employed (singles or married), and $3,000 for expatriates (singles or married)
** Applicant shouldn’t be retired when loan period ends

Required Documents (for all Housing Loan Programs):
For employees:
Copy of passport or Identity Card
Proof of income: a recent employment certificate confirming the date of employment, position held, salary, and NSSF number (if available) or certificate of salary with a copy of the last payroll slip
Proof of residence: certificate of residence or copy of electricity or phone bill

For self-employed:
** Copy of passport or Identity Card
** Statement of account for the last 6 months
** Declaration of income for the last 2 years
** Copy of the company’s commercial circular
** Documents proving the place of work (certificate of Commercial Register, etc.)
** Copy of syndicate membership card (if available)

How to Apply:
If you are interested in any of FNB’s Housing Loan programs, you are welcome to visit any FNB branch or call our new Call Center on 1244.

Apply Now : https://www.fnb.com.lb/Pages/Home.aspx