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BBAC military housing loan
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| | BBAC military housing loan
In tribute for their services, BBAC military housing loan is modified for current members of the military or retired ones, to buy a finished apartment or to construct a house. Beneficiaries should have ensured seven years of experience in the army and two years at the Army Housing Section. The loan period is spread from 7 to 18 years and covers 90% of the house worth. The interest rate is 40% yield of treasury bills for 1 year + 1.628%. Cash collateral that represents 25% of the loan amount is required, in addition to a first mortgage on the house along with a life and fire insurance.
For further information please contact us
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