Land Loan

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Land Loan

Own a piece of your motherland

Always dreamt of owning a piece of land but could not cover its purchase price? Whether you’re a Lebanese resident or expatriate, Fransabank brings to you its tailor-made Land Loan to help you get the cash you need to become a land lord, and build a space that is uniquely yours.

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What do you get?

Currency: LBP & US$ for residents / US$ for expatriates
Loan amount: up to 800.000.000 or C/V in US$ for residents
up to 530.000 US$ for expatriates
Interest rate: US$ (for the first 10 years) BRR + 0.33% (minimum 7%) reviewed annually (for the 11th year +) BRR + 0.83% (minimum 7.5%) reviewed annually

LBP: TB 1y + 3% (min 9% reviewed annually)

Financed amount: up to 60% of land value (Estimation of land price will be defined by an accredited expert assigned by Fransabank)
Free pre-approved credit card with a minimum limit of US$ 3,000

How can you repay your loan

Repayment period:
Residents: up to 30 years including grace period
Expatriates: up to 20 years including grace period
Grace Period: up to 2 years

What are the guarantees needed?

First degree mortgage of the land in favor of Fransabank up to 125% of loan amount
Life insurance policy up to loan amount covering death, total permanent disability and war risk
Notarized proxy to Fransabank to increase the mortgage once construction ends to cover the 125% of both loan amounts. (land loan + construction loan)

Additional Conditions

Valid for construction attestation “أرض صالحة للبناء”
The minimum appraised value of the land should be of USD 50,000 in order to be able to apply to the land loan
The Land subject to the loan should be registered in the name of the applicant himself

You will also benefit from a Construction Loan to help you build the house you always dreamts about

Construction Loan

What do you get?

Currency: LBP & US$ for residents / US$ for expatriates
Loan amount: unlimited amount for residents and expatriates
Interest rate: US$ BRR (minimum 6.75%) reviewed annually | LBP: TB 1y + 3% (min 8.5% reviewed annually)
Finanched amount: Up to 100% if works are already under process Up to 80% if still no construction works are done (Estimation of land price will be defined by an accredited exoert assigned by Fransabank)

How can you repay your loan

Repayment period:
Residents: up to 30 years including grace period
Expatriates: up to 20 years including grace period
Grace Period: up to 2 years

What are the guarantees needed?

Increase of the first degree mortgage of the land and construction in favor of Fransabank up to 125% of both loan amounts. (land loan + construction loan)
Life insurance policy up to loan amount covering death, total permanent disability and war risk
Fire Insurance: up to appraised value of the property after completion of the works

Additional Conditions

The maturity of both loans should be the same
To note that during the grace period the interest will be paid
Customer age at maturity for both loans should not exceed the 64 years

Required Documents

Personal Documents

Land loan application form
Copy of the ID card/ نموذج رقم 2
Copy of the family civil extract
Proof of residence

Employment-Related Documents

For employees

Authenticated salary certificate
Copy of NSSF card
Copy of medical insurance card

Self-Employed

Declaration of income (revenues & expenses)
Statement of account for the last 2 years
Balance sheet for the last 2 years
Tax sheets (if any)
Copy of the medical insurance card
Copy of the Company's circular

Documents related to the land

Copy of title deed صورة عن سند التمليك
Original of real estate certificate افادة عقارية للعقار/ للقسم
Copy of planning certificate افادة التخطيط

Documents related to the construction

Copy of title deed (صورة عن سند التمليك )
Original of real estate certificate ( افادة عقارية للعقار/ للقسم)
Construction permit رخصة البناء
Copy of planning certificate افادة التخطيط
Allotment Plan خريطة الافراز
Copy of construction permit certified by the Syndicate of Engineers
(رخصة البناء مصدقة من نقابة المهندسين)
Copy of work report by the project engineer (تقرير بالأعمال من قبل مهندس المشروع)

Copy of a valid passport
Salary certificate authenticated by Lebanese embassy abroad and the Ministry of Foreign Affairs in Lebanon
Copy of a valid work permit
Copy of a valid residence permit
Legal proxy enabling a third party to sign all the formalities on behalf of the applicant and legal approval (approval from Fransabank Legal Department should be obtained)

Click here to view the Key Fact Statement for Residents

Click here to view the Key Fact Statement for Expatriates