Easy Home Finance
The LGB ISKAN Home Loan is subsidized by the Public Corporation for Housing (PCH) to cover the cost of purchase of your primary residence. Iskan Home Loan is an affordable way to buy your apartment and reimburse its price at the pace that is most convenient to you.
Loan Features
- Loan amount: up to LBP 270,000,000
- Loan period: between 7 and 30 years
- Interest rate:10% treasury bills for 1 year + 3.2% (currently 3.735%)
Requirements
Employees
- Photocopy of Applicant's ID or Passport
- Age between 21 and 64 by the end of the loan period
- Authenticated proof of employment for at least 1 year
- Monthly income not to exceed LBP 6,750,000
- Monthly payment not to exceed 35% of the monthly income
- Property related documents
Self Employed
- Photocopy of Applicant's ID or Passport
- Age not to exceed 64 by the end of the loan period
- Statement of account(s) for the last six months
- Monthly income not to exceed LBP 6,750,000
- Monthly payment not to exceed 25% of the monthly income
- Property related documents
The Annual Percentage Rate also known as APR describes the annual rate applied on a loan for the whole period. APR calculation includes, other than the monthly payments, all mandatory fees that clients need to pay outside their loan such as the file fees, commission fees, stamp fees, life insurance fees and mortgage fees if any. APR calculation excludes the late payment fees and early settlement fees.
All mandatory fees will be clearly stated in the Key Fact Statement within the applying and approval process.
Example of the APR calculation for the ISKAN Home Loan:
- Type: ISKAN Home Loan
- Currency: LBP
- Client is 30 years old, in good health condition (based on medical insurance questionnaire)
- No grace period
- Life insurance included in the monthly payments
- 1% bank’s commission is included in the APR calculation
You can apply for the ISKAN Home loan online or by visiting any LGB BANK branch , where our customer service representatives are ready for assistance.
Lebanon & Gulf Bank s.a.l. reserves the right at any time to accept or decline any solicited application, amend the loan amount or payment terms and request additional guarantees.
