Fransabank Housing Loan
What is it?
- Fransabank Housing Loan is a loan in USD or in LBP tailored exclusively for customers who want to buy a new house, renovate or expand their home construction
What can you borrow?
- Unlimited loan amount
- Optional grace period that can go up to 1 year (only interest rates are settled within this period)
- High financing amount up to 80% of the apartment’s value
- Flexible repayment period up 30 years including grace period
- Competetive interest rate
- Low monthly payments that can reach up to 33% of your monthly income
- Free credit card
How can you get it?
- You should be a Lebanese citizen for more than 10 years
- You should not exceed 64 years old by the end of the loan period
- You should have a fixed job with a minimum employment date of 2 years
- Your monthly salary / income should not be lower than of USD 1,000
- Guarantees:
- First Degree Mortgage of the apartment in favor of Fransabank
- Life Insurance policy
- Fire Insurance policy covering the apartment
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