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Doctors & Dentists Housing Loan

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Consumer Loan DOCTORS & DENTISITS HOUSING LOAN
Purpose To buy, build or renovate a house
Applicant Profile  Ensure a minimum monthly income of 900,000 LBP or its equivalent in USD for the singles, and 1,200,000 LBP or its equivalent in USD for the married
couples.
Ensure two years of working experience, in the same institution, if you are
an employee or in the same career domain, if you are self-employed.
Amount  - 80% for finished apartments
- 60% of the rent amount for rented apartment (key money is
considered as a first down-payment)
- 50% of project cost (land + construction) for construction of a
house
- 100% of the renovation cost and not exceeding 50% of the house value
after renovation
- No Limitation on the amount.
Interest Rate on USD Reduced rate for first year
1 year LIBOR* + 3.5% (MINIMUM 7.25%)
Repayment Period  7 to 30 years. 
Distinctive Feature - If loan period is greater or equal to 7 years and house value is less or equal to $120,000, no mortgage fees and no stamp fees .

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