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Housing

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Army Housing Loan

A perk for our protectors

Members of the Lebanese Armed Forces put their lives on the line every day, and for that we all owe them more than we can ever pay. Byblos Bank’s Army Housing Loan recognizes the sacrifices made by our troops, waiving all fees to help them get the lifestyles they deserve, and members of other official security forces can also apply. 

  • Financing

    Up to LBP 525 million

  • Repayment Period

    7-25 years

  • Added Savings

    No fees or commissions

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Distinctive Features

  • Special Benefits

  • Free registration fees, mortgage fees, and stamp fees on loan contracts
    Zero filing fees
    No commissions or expert fees
    No restrictions on the purpose of the desired home
    Application can be made individually or as a couple
    Detailed checklist that helps protect you against common pitfalls such as buying ...
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    Free registration fees, mortgage fees, and stamp fees on loan contracts
    Zero filing fees
    No commissions or expert fees
    No restrictions on the purpose of the desired home
    Application can be made individually or as a couple
    Detailed checklist that helps protect you against common pitfalls such as buying non-registered real estate or paying an inflated purchase price
     
  • Financing Percentage

  • Successful applicants receive financing of up to:

    100% for finished homes 
    100% for home construction

     
Eligibility
You must be a member of the Lebanese Armed Forces. Applications from members of Internal Security Forces, General Security, and State Security must be approved by Army Housing Section 
By the end of the loan period your age should be less than 72 for officers and 68 for enlisted ranks 
You must have a minimum of two years of work experience in the same field
Your net monthly income should be at least LBP 900,000
Monthly payment should not exceed one-third of your salary/income
Loan application must be initiated through Army Housing Section 
Retired personnel must have pension or salary domiciliation at Byblos Bank
Cash collateral equal to 15% of loan amount should be provided, representing 10% reduction of loan amount and settlement of 5% applicant’s accrued membership fees at Army Housing Section
Required Documents

Please refer to Army Housing Section

 

Notes
Submit all original documents with application
Byblos Bank reserves the right to request additional documents if need be, and to accept or reject any application

 
Conditions and Guarantees

Available only in LBP 
Life insurance contracted through ADIR, a member of the Byblos Bank Group, paid over two-thirds of the loan period
Fire insurance on the home
First degree mortgage on the home

 

The Bank has the right to request additional guarantees in certain cases

 
Example of Annual Percentage Rate (APR)
APR calculation includes life insurance fees 
Currency: LBP
Client: 35 years old and in good health (based on the Bank’s medical questionnaire) 
Loan amount: LBP 500 million
Loan period in years: 15
Fixed interest rate: 1.628%
APR: 1.801%*
*With free mortgage and fire insurance fees
 

This Product Goes Well With

  • Mastercard Military

    Mastercard Military

    A salute to our troops
    • Annual Fee

      Free for life

    • Monthly Limit

      Up to USD 10,000

    • Travel Coverage

      Compensation for flight/luggage delays

  • Current Account

    Current Account

    The simplest solution for daily transactions and easy access to your money
    • Pick Your Currency

      LBP, USD, or EUR

    • Free DEBIT CARD

      24/7 ATM access

    • Optional OVERDRAFT Protection

      Cash when you need it

  • Insure Your Life

    Insure Your Life

    The ultimate peace of mind
    • Main Feature

      Covers all causes of death

    • Premium

      Flexible

    • Coverage

      Up to USD 100,000