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You have visualized it in your imagination, you have pictured yourself walking through its halls and rooms, and you have even furnished it in your sleep.

Has your dream home been a long-term ambition, but a bit too hard to achieve?

With the BBAC Housing Loan, your dream home is no longer far-fetched; it's just around the corner!

ARE YOU ELIGIBLE FOR THE BBAC HOUSING LOAN?
-You must be a Lebanese, residing in Lebanon
-You must have at least 2 years of work experience
-You must have a minimum monthly income 1,000 USD if you are an employee and 2,000 USD if you are self employed
-You must be purchasing, constructing or renovating a house

WHAT DO YOU NEED TO KNOW ABOUT THE LOAN?
-Currency: US Dollars
-Financing Amount: up to 75% of the property's estimated value
-Loan Amount: up to 3 million USD
-Repayment Period: up to 30 years
-Grace Period: up to 24 months
-Interest Rate: 5.5% for the first year, then Beirut Reference Rate (BRR) in USD + 0.5% (minimum 7%) for the remaining loan period, reviewed on a yearly basis
-Opening File Fees: 0.5% of loan amount (minimum of 150 USD)
-Expert Fees: 200 USD

WHAT ARE THE GUARANTEES AND CONDITIONS REQUIRED FOR THE LOAN?
-The monthly repayment should not exceed 35% of the family monthly income
-First degree mortgage on the house in favor of BBAC
-Property and fire insurance policy on the house from an insurance company acceptable to BBAC
-Life insurance policy covering death and permanent total disability from an insurance company acceptable to BBAC
-Additional guarantees such as salary domiciliation and personal guarantee on a case by case basis

WHAT IS THE NEXT STEP?
You can apply for the BBAC Housing Loan by visiting any BBAC branch, where the customer service representatives are ready to provide assistance, or online.


Housing Loan is available at BBAC in Achrafieh, Achrafieh, Aley, Aley, Baakline, Baalbek, Badaro, Bar Elias, Bint Jbeil, Chiyah, Choueifat, Chouf, Chouf, Chtaura, Clemenceau, Dekwaneh, Dora, Ferzol, Furn El Chebbak, Hammana, Hamra, Haret Hreik, Hasbaya, Hazmieh, Jbeil, Kaslik, Manara, Mazraa, Mazraat Yachouh, Qabr Chamoun, Ramlet El Bayda, Rashaya, Saida, Sin El Fil, Tripoli, Tripoli, Tyre, West Bekaa, Zalka, Aley, Baabda, Baalbek, Beirut, Bint Jbeil, Chouf, Hasbaya, Jbeil, Keserwan, Metn, Rashaya, Saida, Tripoli, Tyre, West Bekaa, Zahle Lebanon

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