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).
|Maximum loan |
800 million LBP
|Duration of the loan |
10,15,20,25 or 30 years
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 || |
|Interest rate || |
0% (Rate = 25% x TB (1 year) -1.3375%)
|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.
- 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
|- 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) |