|  | | | | BBAC housing loan
For the single reason that everybody needs a roof to call home, BBAC housing loan is a simple scheme adapted to your specific payment capabilities to buy, construct or renovate a house.
Whether employed with at least two years working experience or self employed for minimum three years, you are entitled to benefit from this loan.
The loan amount ranges between 20,000 USD and 500,000 USD or the equivalent in EURO covering up to 80% of the value of residence adding on the top of it the house regiteration fees.
The first year interest rate is 5%, a low interest rate of Libor + 4 % for USD and EUROBOR + 4% for EURO (minimum 7%) is applicable from the second year until the loan’s expiration with a grace period of 18 month.
The loan duration varies between 7 and 30 years on condition that 75% of 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.
Applications are welcome at any BBAC branch and assessments are concluded in a short period.
For further information please contact us
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