|Minimum Salary||Salary Transfer||Islamic Finance||Maximum Term||Flat Rate||Reducing Rate|
|SGBL - Sogehome Lebneneh||Minimum Salary: USD 0||Salary Transfer: Yes||Early Settlement Fees: No||Maximum Term: 20 Years||Flat Rate: 4.0%||Reducing Rate: 7.2%|
Do you wish to buy, build or renovate your home? SGBL offers you Sogehome Lebneneh, the housing loan in Lebanese pound that allows financing a primary or secondary residence, finished or under construction, as well as renovation projects.
An advantageous and suitable loan
Financing up to LBP 500,000,000:-
-Under construction house: up to 60.5% of the value, including file fees
- Minimum down payment:
-Under construction house: 40% of the value
Variable interest rate, revisable every 6 months on 31/03 and 30/09 of each year, and linked to BRR (Beirut Reference Rate): BRR + 4% with a minimum of 16%
- Flexible repayment period from 10 years and up to 30 years for residents and 20 years for expatriates
Life insurance program that covers the remaining repayment amount in case of death, total or permanent disability
Multi-risk residence insurance
APR (Annual Percentage Rate) = 16.52% for financing a LBP 218,000,000 apartment with a 25% down payment (LBP 55,000,000). The loan amount of LBP 163,815,000 is reimbursed to the bank over a 17-year period.
APR includes interest, mortgage and mortgage release fees, file fees including expert fees and life insurance for a 39-year-old person.
Rates and conditions are applicable to 24/01/2019. Final terms are mentioned in the loan offer upon contract signature