Army Housing Loan

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Army Housing Loan

Byblos Bank appreciates the many sacrifices that members of Lebanon's security forces make in order to help keep the rest of us safe. The Army Housing Loan is our way of saying "thank you".

Purpose

To finance the purchase or construction of a home
Eligibility
- Lebanese citizen
- Be a member of the Lebanese Armed Forces, Internal Security Forces, General Security or State Security
- Maximum age not to exceed 74 by the end of the loan period
- A minimum of two years of working experience in the same field
- Minimum net monthly income of LBP 750,000
- Monthly payments should not exceed one-third of salary/income
Amount
- Up to LBP 500 million
Currency
- LBP
Interest Rate
- Regressive rate based on 100% of one-year Lebanese Government Treasury Bills +1.628% (currently 1.628%); reviewed annually
Repayment Period
- Minimum seven years; maximum 25 years
Distinctive Features
- A detailed checklist that helps protect you against common pitfalls such as buying non-registered real estate and paying an inflated purchase price
- No restrictions on the purpose of the desired home
- Application can be made singly or as a couple
- Flexible repayment period
- Decisions on applications communicated with minimum delay
- Free registration
- Financing level up to:
  - 100% for finished homes
  - 100% for home construction
- No registration, mortgage or stamp fees
- Free file fees
Conditions*
- Loan initiation at army housing section
- Domiciliation of salary for retired officers
- The applicant should arrange for 10% of the loan amount to be deposited in his or her name during the loan period
- First mortgage on the home
- Life insurance for the applicant
- Fire insurance on the home
* The Bank reserves itself the right to request any additional guarantees when necessary.

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