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Fransabank Housing Loan
What do you get?
  • Currency: USD or LBP
  • Loan amount: unlimited
  • Interest rate: competitive
  • Financed amount: up to 80% of the apartment's value
  • Repayment period: up to 30 years  
  • Free credit card
  • Grace period up to 1 year

How does it work?
To qualify for Fransabank Housing Loan:
  • You should be of a Lebanese nationality
  • You should be maximum 64 years old at loan maturity
  • Your minimum monthly income should be US$ 1,000
  • You should be an employee for the same company or profession for a minimum of 2 years

How can you repay your loan?
  • Through equal monthly installments that can reach up to 33% of your monthly income 

What are the guarantees needed?
  • First degree mortgage of the apartment in favor of Fransabank
  • Life insurance
  • Fire insurance covering the apartment


Required Documents
Personal Documents
  • Application form
  • Copy of identification card or valid passport
  • Copy of family civil register
  • Proof of residence such as mayor certificate, electricity, telephone, or water bill
  • Copy of medical insurance card or NSSF card
Employement-Related Documents
Employed

  • Authenticated salary certificate

Self-Employed

  • Declaration of income and expenses and of taxes if available
  • Bank's statement of accounts for the last 2 years
  • Copy of company's circular
  • Balance sheet for the last 2 years

 

Plot-related Documents
  • Copy of title deed
  • Copy of real estate certificate
  • Copy of real estate certificate for the common parts
  • Copy of promise of sale contract
  • Copy of rules of co-proprietors
  • Copy of planning certificate
  • Copy of housing permit
  • Copy of allotment plan
Documents related to construction
  • Copy of work report by the Project Engineer
  • Copy of building permit certified by the Syndicate of Engineers

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