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Housing

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Incentive Housing Loan

The home you like on terms you’ll love

For most people, buying a home is the biggest investment they’ll ever make. Byblos Bank’s Incentive Housing Loan is backed by Lebanon’s Central Bank, allowing generous terms that broaden access to this crucial component of long-term financial security.

  • Financing

    Up to LBP 800 million

  • Repayment Period

    7-30 years

  • Added Savings

    Zero filing fees

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Distinctive Features

  • Special Benefits

  • Preferential interest rate and generous terms made possible by backing from Banque du Liban
    Zero filing fees
    No mortgage fees and no stamp fees on loans for homes valued at USD 120,000 or less
    Application can be made individually or as a couple
    Detailed checklist that helps protect you against common pitfalls such ...
    Read More
    Preferential interest rate and generous terms made possible by backing from Banque du Liban
    Zero filing fees
    No mortgage fees and no stamp fees on loans for homes valued at USD 120,000 or less
    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
    Pre-approved credit card – with USD 5,000 limit and no basic Annual Fee for first year – with every approved Housing Loan
    Available to Lebanese expatriates with special interest rate if loan is in USD
     
  • Financing Percentage

  • Successful applicants receive financing of 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 building a home

     
Eligibility
You must be a Lebanese citizen and, to qualify for expatriate discount, have official residency in another country 
You must be less than 64 years of age at the end of the loan period
You should have at least two years of work experience in the same field
Your net monthly income should be at least USD 800 (or equivalent in LBP) for residents of Lebanon and USD 3,000 (or equivalent) for expatriates
Monthly payment should not exceed one-third of your salary if you’re an employee or one-quarter of your income if you’re self-employed
 
Required Documents

Personal Documents
1. Copy of Valid Photo ID or Passport
2. Copy of syndicate membership card (if any)
3. For Lebanese expatriates, copy of document attesting to official residency abroad

 

Employment Documents (for employees)
1. Paystub or other proof of salary issued within past 30 days
2. Statement of account for the past 12 months showing salary domiciliation at Byblos Bank, or copies of last 12 salary slips if salary is not domiciled

 

For Self Employed
1. Declaration of income for the past 2 years as per Byblos Bank specimen (*)
2. Declaration of income taxes for the past 2 years
3. Statement of income for the past 12 months (**)
4. Financial statements of the company for the past 2 years (*)
5. Copy of company’s circular, copy of commercial registration certificate, and copy of company’s bylaws (if any)
6. Extract of commercial register
7. Documents proving place of work (copy of lease or investment contract, etc.)

Property Documents
For finished homes:
1. Copy of seller’s ID
2. Copy of sale contract or sale agreement with down-payment receipt(s)
3. Copy of authenticated allotment plan
4. Copy of the title deed of the section to be purchased with the loan
5. Real estate certificate of the section to be purchased with the loan and for the common sections (issued within past 30 days)
6. Zoning and planning certificate (if notes exist on the real estate certificate)
7. Copy of habitation permit authenticated by legal authorities (or construction certificate if constructed before 1971)
8. For apartments, copy of rules of co-property authenticated by a notary public

For renovating a home:
1. Copy of authenticated allotment plan
2. Copy of the title deed of the section to be purchased with the loan
3. Real estate certificate of the section to be purchased with the loan and for the common sections (issued within past 30 days)
4. Zoning and planning certificate (if notes exist on the real estate certificate)
5. Copy of habitation permit authenticated by legal authorities (or construction certificate if constructed before 1971)
6. For apartments, copy of rules of co-property authenticated by a notary public
7. Copy of contractor’s ID
8. Municipal renovation permit defining renovation works

For constructing a home:
1. Copy of the contractor’s ID or company’s circular in case of a contracting company
2. Copy of the title deed for the plot to be purchased with the loan
3. Real estate certificate of the plot to be purchased with the loan (issued within past 30 days)
4. Copy of construction permit (authenticated)
5. Copy of construction plans authenticated by project engineer
6. Zoning and planning certificate (if notes exist on the real estate certificate)
7. Study of project cost (as per Byblos Bank specimen format number 7) signed by client and contractor

(*) Can be completed with the assistance of the Bank
(**) Can be replaced by own agendas, vouchers, contracts, or daily revenues proving income (for individual establishments, small traders, or liberal professions)

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 in both LBP and USD
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
Home to be purchased must be applicant’s main residence or, for expatriates, main residence in Lebanon

 

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

 
Example of Annual Percentage Rate (APR)
APR calculation includes life insurance fees, stamp fees, expert fees and mortgage fees 
Currency: LBP
Client: 35 years old and in good health (based on the Bank’s medical questionnaire) 
Home price: LBP 500 million 
Down-payment: LBP 125 million 
Loan period in years: 25
Variable interest rate based on 25% yield on TBs for one year +2.9% (regressive): 4.2375%
APR: 4.971%*
* Excluding fire insurance fees
 

This Product Goes Well With

  • Visa Platinum

    Visa Platinum

    Safer than cash, ideal for larger purchases
    • Extra Security

      You choose your own PIN code

    • INSTANT ISSUANCE

      Upon application at branch

    • Akram Program

      USD 1 (or equivalent) = 1 Point/Mile

  • Visa Signature

    Visa Signature

    Just right for traveling and shopping abroad
    • Purchase Protection

      Up to USD 20,000 per year

    • Airport Lounge Access

      Free in more than 300 cities

    • Akram Program

      USD 1 (or equivalent) = 1 Point/Mile

  • Deposit Account

    Deposit Account

    Lock in great rates to grow your savings
    • Pick Your Currency

      LBP, USD, or EUR

    • GRACE PERIOD for Withdrawals

      4 days after maturity