Home Loan through CLIB

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Home Loan through CLIB

The Credit Libanais Home Loan is a great option if you need to finance the purchase or renovation of your home.

Features

Preferential interest rate
Repayment period from 3 to 30 years
Repayment in equal monthly installments
Monthly payments should not exceed one-third of salary/income

Requirements

Applicant must be under 64 years of age by the end of the loan period
Proof of employment for at least 2 years or prove of being self-employed with sufficient, confirmed income
Life, Property and Fire Insurance policies throughout the life of the loan, contracted and paid at loan initiation
First mortgage on the home
Applicant's minimum net monthly income must be USD $750

Benefits

This loan protects you against potential hazards like buying non-registered or forfeited real estate or paying more than the real property value, etc…

Because Credit Libanais is always here to make your life easier, you will also benefit from no mortgage fees and no stamp fees on loans for homes valued at USD $120,000 or less for a period of 7 years at least.

You will also get a pre-approved credit card for the first year with every approved loan.

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