Housing Loan with the Public Housing Establishment
What is it?
- Fransabank’s Housing loan in collaboration with the Public Housing Establishment is a loan in LBP tailored especially to customers who want to buy a new house or renovate or expand their home construction.
What will you get?
- High loan amount that can reach up to LBP 180 million
- High financing amount up to 90% of the apartment’s value
- Flexible repayment period up 30 years
- Low monthly payments that can reach up to 33% of your monthly income
- Free credit card
How will you repay it?
- During the first period, you should settle the principal amount of the loan to Fransabank and PHE settles interest on your behalf (monthly bill should not exceed 33% of your monthly income)
- During the second period, you reimburse the interest to PHE
How can you get it?
- You should be of Lebanese nationality for over 10 years
- Your family income must not exceed LBP 5,000,000
- Your residence should not be located within 25 km of work place
- You should settle 75% of the loan amount (principal + interest) before attaining 64 years of age
- Guarantees:
- Mortgage, senior debt of the apartment in favor of Fransabank & EPH
- Life Insurance policy
- Fire Insurance policy covering the apartment
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