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BBAC expatriate housing loan
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| | BBAC expatriate housing loan
Lebanese people have forever been elite representatives in the expanse of the world. Equally, a caring and committed effort to ease their return back hometown is desirable. BBAC expatriate housing loan is a simple scheme adapted to your specific payment capabilities to buy, construct or renovate a house.
All Lebanese citizens residing or working abroad with at least two years working experience are entitled to benefit from this loan. The loan amount is up to 500000 USD or the equivalent in EURO and covers up to 70% of the value of residence in case of purchase and up to 60% in case of construction or renovation.
The first year interest rate is ...., a low interest rate of Libor + 4.5 % for USD and EUROBOR + 4.5% for EURO is applicable from the second year until the loan’s expiration.
The loan duration varies between 5 years and 15 years on condition that the loan amount is paid before the age of 64. The monthly settlement should not exceed 1/3 of the salary of employees and 1/4 of the revenue for self employed.
With the BBAC expatriate housing loan, BBAC offers you a 1000 USD gift coupon split evenly for a furniture item and a solar power water heater for your new home.
Capital Insurance and Reinsurance (member of BBAC) offers low insurance premium for life, permanent total disability, fire and war cover. Payment of the insurance is calculated on the basis of the loan balance (decreasing term insurance).
For further information please contact us
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