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Byblos Bank is eager to build bridges with Lebanese expatriates around the world, and to make it happen they provide customized solutions that answer your needs.
Eligibility
- Lebanese citizen with official residence in a foreign country
- Maximum age not to exceed 64 by the end of the loan period
- Employed or self-employed with a minimum of two years working experience in the same field
- Self-employed must have documented banking relationship
- Minimum net monthly income USD 3,000
- Monthly payments should not exceed one-third of salary/income
Currency
- USD & LBP
Amount
- Maximum LBP800,000,000 or USD 530,000
Interest Rate
- Regressive interest rate based on
- For USD Cost of fund plus 2% (6.13% as of May 2017); regressive reviewed annually
- For LBP: 25% treasury bills 1yr+2.9%(4.24% as of May 2017), Regressive reviewed annually
Repayment Period
- Minimum seven years; maximum 30 years
Additional feature for Lebanese Expatriate
For loans outside these conditions(principal residence and maximum loan amount) we offer the “Beyti” housing loan in USD at a regressive interest rate based on Cost of fund plus 2.8% for the first 2 years , then cost of fund + 3% for remaining years (6.93% as of May 2017); reviewed annually
For more info about housing loan “Beyti”: https://www.byblosbank.com.lb/Lebanon-Housing-Loan-“Beyti”
Distinctive Features For Expatriate Housing Loans
- Preferential interest rate
- Purchased home must be principal residence
- The purpose of the loan is to finance finished apartment only in Lebanon or construct own house.Application can be made as a single or couple
- Decisions on applications communicated with minimum time frame
- Financing level up to:
- 75% for finished homes
- 60% for homes in which the buyer is already a tenant
- 50% of project cost (land plus construction) for construction of a home
- No mortgage fees and no stamp fees on loans for homes valued at USD 120,000 or less
- No filling fees
- No hidden fees and commissions
- Possibility of financing apartment under construction with selected promoters/developers
- Pre-approved credit card – with USD 5,000 limit – for the first year with every approved Housing Loan
- Free Online & Mobile Banking to manage and settle your loans
- Construction period or grace period should not exceed 2 years.
Conditions*
- First mortgage on the home
- Life insurance for the applicant, paid over 2/3rd of the loan period only contracted with ADIR insurance company
- Fire insurance on the home
Read more: nohomelikehome.com
