|  | | | | BBAC Iskan loan
In collaboration with the General Institute of Housing, BBAC housing loan is suitable to moderate income people willing to purchase a home.
The bank can finance up to 99% of the purchase value based on the bank appraisal. The amount depends on the applicant’s income and price of the house.
People with minimum one year work experience and income range between 600000 LBP & 3000000 LBP or the equivalent are allowed to borrow LBP 15,000,000 up to maximum LBP 120,000,000. The area of the house to acquire should not exceed 210 square meters.
The loan repayment period varies from 10 to 30 years and is divided equally into two phases, the settlement of the principle amount of the loan followed by the payment of interest to the GIH. The interest rate is 40% yield of the treasury bills for two years + 3.5 %, and is renewable every two years. The monthly payment shouldn’t surpass 1/3 of income. With this loan you benefit from free registration and mortgage fees.
Applicants are welcome at any BBAC branch and assessments are concluded in a short period.
For further information please contact us
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