Exciting news for those looking to buy a home in Lebanon: housing loans are now available again! If you’re considering applying for a housing loan, here’s what you need to know about the rules and conditions.
Rules and Conditions to Apply
- Nationality: The individual applying must be Lebanese.
- House Size: The house should not exceed 150 square meters.
- First-Time Borrower: The applicant must not have received a housing loan before.
- Property Ownership: The applicant should not already own a house.
- Income Requirement: The household income should exceed $1,200 per month.
- Loan Amount: The loan amount ranges between $40,000 to $50,000 with a 6 percent interest rate.
- Repayment Terms: The loan is distributed over 20 years, with monthly payments ranging from $300 to $400.
To apply for a housing loan, visit https://www.banque-habitat.com.lb
Steps to Apply
- Verify Eligibility: Ensure you meet all the conditions listed above.
- Gather Documents: Prepare necessary documents such as proof of income, identification, and property details.
- Visit Banque de l’Habitat: Go to their website or visit a branch to get more information and start your application.
- Submit Application: Complete the application form and submit all required documents.
- Await Approval: The bank will review your application and inform you of their decision.
Applying for a housing loan can help make your dream of owning a home in Lebanon a reality. With the reopening of these loans, now is the perfect time to take the first step towards homeownership.