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In addition to the Iskan program, Credit Libanais offers 2 different types of housing loans, offering a comprehensive set of services in order to ensure meeting the various needs of all our customers looking to buy a house.
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 Credit Libanais Home Loan |
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Credit Libanais Home Loan was conceived to help you install your dream house over a longer period of time. You can borrow from a minimum of USD 10,000 without having to secure the loan with another asset. Credit Libanais finances up to 80% of the value of the property, which will be mortgaged as a guarantee.
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| Features |
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Preferential interest rate
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Repayment period from 3 to 30 years
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Repayment in equal monthly installments, each equal to or less than one third of your salary
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If you are self-employed, each monthly installment should be less than one third of your salary
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| Requirements |
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- Less than 64 years of age by the end of the loan period (between 28 and 45 years)
- Proof of employment for at least 2 years or self-employment with sufficient, confirmed income
- CLA life, fire and property insurance throughout the loan period
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| Service Charges |
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| File Fee |
200 USD |
| Commission |
1/1000 |
| Fiscal stamps |
1.5/1000 |
| Life Insurance |
According to your state of health |
| Premature repayment |
1% from remaining interest, unless for closing an existing loan |
| Property Insurance |
According to the value of the property |
| Property value estimation |
175 USD |
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| Credit Libanais Iskan Program |
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| Credit Libanais Iskan Loan Program is subsidized by the Public Consumer for Housing (PCH) to cover the cost of purchase, renovation or completion of an existing building for use as a primary residence. This loan is exempted from fees and has lower monthly installments where no collateral is required. Iskan Program is an affordable way to buy your dream home. |
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Features
- Loan amount ranging from LBP 20 to 180 million
- Repayment period of 7 to 30 years, split evenly between the bank and the PCH
- Financing of up to 100% of the property value, 10% of which will be blocked at the bank in the name of the PCH
- Interest rate fixed for 2 years and reviewed according to fluctuations in the rate of the 2-year Treasury Bill in LBP
- Property is mortgaged as collateral
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| Requirements |
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- Must be less than 64 years old by the end of the loan period
- Proof of employment for at least 2 years or for self-employment with sufficient confirmed income
- Combined monthly family income of 5 million LBP or less
- Credit Libanais d’Assurances et de Reassurances (CLA) life and property insurance throughout the loan period
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| Service Charges |
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| File opening |
free |
| Commission |
1% flat fee, payable in advance |
| Fiscal stamps |
free |
| Life insurance |
according to your state of health |
| Property insurance |
according to the value of the property |
| Property value estimation |
LBP 150,000 inside Beirut and LBP 225,000 outside Beirut |
| Premature repayment |
1% on remaining balance |
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| Credit Libanais ‘Cedar's II’ Building |
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The ‘Cedar’s II’ Building, fully-owned by Credit Libanais Group, is located in Ashrafieh between Sioufi Garden and the Cornish River.
It consists of 8 floors divided into two apartments each with a surface of 168 m2 . |
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| Features |
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- Anti-seismic construction
- Protection against thunder and lightning
- Reliable and safe electrical system
- Generator
- Fast elevator for eight people
- Parking for each apartment
- Marble ground for the entry, living room and dining rooms
- Ceramic floor for the kitchens and bathrooms
- Entrance door in solid wood
- Videophone
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| Requirements |
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- Must be less than 64 years of age by the end of the loan period
- Proof of employment for at least 2 years or self-employment with sufficient, confirmed income
- Credit Libanais d’Assurances et de Reassurances (CLA) life and property insurance throughout the loan period
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| Benefits |
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- No intermediary between the buyer and the seller
- Possibility to pay monthly settlements through the Home Loan or the Iskan Loan over a maximum period of 30 years
- Competitive price
- Prime location mid-Beirut
- Fire insurance and recourse free for the first five years
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