BSL BANK sal is giving you the chance to own your new home with its Home Initiative, offering exclusive benefits.

According to BDL’s circular, this loan will be granted in Lebanese Pounds(LBP).


HOME INITIATIVE FEATURES
Maximum loan
amount

800 million LBP

Duration of the loan
(Fixed duration)

10,15,20,25 or 30 years

Self-financing 

Financing up to 25% of the home value, and a prepaid amount which varies with the loan’s duration as follows:

30 years: 17.5% of the home value

25 years: 20% of the home value

20 years: 23% of the home value

15 years: 27% of the home value

10 years: 31% of the home value

Type of apartment

Main residence


REFUND
Interest rate

0% (Rate = 25% x TB (1 year) -1.3375%)

Grace period

0

Application fee

0

Expert fee

USD 150 - USD 200 (Depending on the region)


Early repayment 

Subject to BDL’s agreement with a penalty being levied in case of fully settling the loan prior to 7 years from the date of loan start.



GUARANTEES

         -  Be employed for more than 1 year and self-employed for more than 2 years.

       -  Lebanese for more than 10 years.

       -  A first degree mortgage guarantee

       -  Life insurance & Property insurance



CHARACTERISTICS
- Loan Granted in LBP
- Interest rate = 0%
- Amount of credit granted = Amount of credit repaid



ANNUAL PERCENTAGE RATE (APR)
APR= 0.62% (for a 30 year loan, excluding property insurance)