Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Banque Libano Française - Renovation Housing Loan Banque Libano Française - Renovation Housing Loan Minimum Salary: USD 800 Salary Transfer: No Early Settlement Fees: No Maximum Term: 10 Years Flat Rate: 0.0 Reducing Rate: 8.53
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With the help of the Banque Libano-Française Renovation Housing Loan, specially designed to finance your expenses, you can redesign an old property, redecorate a new villa with new painting and floor covering, replace old tiles, fix the roof, or even change the whole plumbing system.
  • Financing the conversion labor and renovation cost of your house, villa or chalet
  • Currency: USD
  • Loan amount: from USD 10,000 up to 100% of the residence conversion and renovation costs, not exceeding 50% of the current property value (house) with a maximum of USD 400/m²)
  • Preferential interest rates: variable and based on the Cost of Funds Index for the whole period of the loan
  • Loan period: minimum 2 years | maximum 10 years
  • File fees: 1% of the loan amount (maximum USD 750)
  • Expert fees: USD 150 for the first evaluation, USD 100 for each additional evaluation (if required)
  • No commission applicable
  • Guarantees: first or second degree mortgage on the property subject of the loan, life and fire insurances
  • No down payment required
  • Competitive interest rate
Documents Required
  • Identity card
  • Recent family status certificate
  • Recent proof of residence
  • Recent judicial record
  • Salary certificate
  • Bank statement
  • Medical insurance if the loan applicant is not registered in the NSSF
** Calculator Definitions
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Rate (%): This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
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