Search    
 
Army Housing Loan

Subscribe 
Consumer Loan ARMY HOUSING LOAN
Guidelines To buy a finished or rented apartment or build a house
Applicant Profile  Ensure a minimum monthly income of LPB 900,000 applies for both singles and married. 
Ensure 7 years of experience at the Army and 2 years of experience at the Army Housing Section.
Amount  - 100% for finished or rented apartment
- 100% for the construction of the house
The maximum credit line for this type of loan is LBP 225.000.000 
Interest Rate On LBP 40% yield of treasury bills for one-year +1.628
Repayment Period  7 to 18 years
Required Guarantees **  - A first mortgage on the house covering 100% of the loan amount for
the duration of the loan.
- A Life insurance (natural and accidental death only) contracted with
ADIR insurance company member of Byblos Group renewed annually. It covers at
any time the outstanding net loan less 25% of the initial net loan amount.
- A Fire, third party liability, and earthquakes insurance equal to
the loss up to the amount of the net loan contracted with ADIR in favour of
Byblos Bank renewed annually
- Domiciliation of salary for retired officers.
- The applicant should ensure minimum 15% of the loan 

The Bank has the right to request any additional guarantee when necessary.
Distinctive Feature  No mortgage or stamp fees 
Documents are to be presented at the army housing section, where the approval is given.