Fransabank - PCH Housing Loan

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PCH Housing Loan

PCH Housing Loan

In Cooperation with the Public Corporation Housing (PCH)

What do you get?

Currency: LBP
Loan amount: Up to LBP 270 million
Interest rate: 10% of the yield rate on the two year Lebanese treasury bills + 3.2% (reviewed every year)
Financed amount: up to 90% of the apartment's value for individuals in private sector
Financed amount for public sector employees: up to 100% of the apartment's value for individuals in public sector
Repayment period: up to 30 years split over two equal periods:
During the first period, you settle the principal amount of the loan to Fransabank
During the second period, you settle the interest to PCH

How does it work?

To qualify for the PCH Housing Loan:

You should be of a Lebanese nationality
You should be maximum 69 years old at loan maturity
Your family income should not exceed LBP 6.75 million
You should be employed at the same company or profession for a minimum of 2 years

How can you repay your loan ?

Through monthly installments that can reach up to 33% of your monthly income

What are the guarantees needed?

Mortgage, senior debt of the apartment
Life insurance covering applicant up to loan amount
Fire insurance on the apartment up to the appraisal value

Required Documents

Personal Documents

Copy of identification card or valid passport
Copy of family civil register
Proof of residence such electricity, telephone, or water bill
Copy of 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
Original real estate certificate
Original real estate certificate for the common parts
Original 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

Download Product Key Fact Statement

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No.1 on the list of banks. BDL Authorization No. 11/438 dated 21.09.2006. Designed and developed by Borninteractive