Housing Loan Application: How to simplify the process!

Published in Loans

It is already a hassle to figure out which Lebanese bank will offer you the best conditions to apply for a housing loan, not to mention the paperwork requirements that can be quite a headache.

 

Housing Loan features in Lebanon vary by product and per bank, however Lebanese banks require a minimum down payment; usually the sum should cover 20 to 25% of the loan. The bank can consent to finance partially the loan and the approval varies from a minimum to a maximum loan amount. The monthly repayment period is set up from five to 30 years, the loan holder and the financial institution will agree on its duration. Lebanese residents and expatriates are eligible for housing loans, as long as they are above the age of 21 years. In general, the interest rate is regressive starting as low as 3,5%. As for the guarantees, the customer will have to benefit from a life insurance policy as well as a home insurance policy in case of a disaster.

 

To check different products’ specifications, you can start by researching the different housing loans offered by Lebanese Bank’s on Bnooki.com. Our site will help you understand and compare the different offers on the market that fit your requirements.

 

As a second step, you are required to provide the list of paperwork itemized below. We have divided the documents required into two sections, noting that other documents might be required at each bank’s discretion:

 

Personal Documents

  • Personal ID

  • A recently dated Family Status Certificate

  • A recent Judicial Record

  • Proof of Income: Salary authentication / Statement of account (depending on whether employed or self employed)

  • Copy of NSSF (National Social Security Fund), if available

  • Copy of title deeds, if available

  • Proof of residency

 

Documents related to the residence

  • Real estate certificate of the plot

  • Property integral regulations

  • Copy of the title deed of the residence

  • Copy of benefit of plan and easement of the alignment plan

  • Copy of the habitation permit certified

  • Allotment map i.e. zoning and planning map

  • Selling contract or promise of sale (with a copy of the seller’s ID)

  • Copy of the receipt of the down payment settlement

  • Appraisal report issued by an expert authorized from the Bank

 

The list of requirement can be intimidating and completing the process can be complex. It shouldn’t though hinder your goal. Our team of experts is available to help and provide you with the adequate housing loan advice free of charge.

Fill in the form online on bnooki.com, with your contact information and request; our experts will contact you back in a period of two days with an answer and advice best suited to your needs.

19 Jan 2015
(0 votes)
Read 1800 times
 
Housing Loan Application: How to simplify the process!

It is already a hassle to figure out which Lebanese bank will offer you the best conditions to apply for a housing loan, not to mention the paperwork requirements that can be quite a headache.

 

Housing Loan features in Lebanon vary by product and per bank, however Lebanese banks require a minimum down payment; usually the sum should cover 20 to 25% of the loan. The bank can consent to finance partially the loan and the approval varies from a minimum to a maximum loan amount. The monthly repayment period is set up from five to 30 years, the loan holder and the financial institution will agree on its duration. Lebanese residents and expatriates are eligible for housing loans, as long as they are above the age of 21 years. In general, the interest rate is regressive starting as low as 3,5%. As for the guarantees, the customer will have to benefit from a life insurance policy as well as a home insurance policy in case of a disaster.

 

To check different products’ specifications, you can start by researching the different housing loans offered by Lebanese Bank’s on Bnooki.com. Our site will help you understand and compare the different offers on the market that fit your requirements.

 

As a second step, you are required to provide the list of paperwork itemized below. We have divided the documents required into two sections, noting that other documents might be required at each bank’s discretion:

 

Personal Documents

  • Personal ID

  • A recently dated Family Status Certificate

  • A recent Judicial Record

  • Proof of Income: Salary authentication / Statement of account (depending on whether employed or self employed)

  • Copy of NSSF (National Social Security Fund), if available

  • Copy of title deeds, if available

  • Proof of residency

 

Documents related to the residence

  • Real estate certificate of the plot

  • Property integral regulations

  • Copy of the title deed of the residence

  • Copy of benefit of plan and easement of the alignment plan

  • Copy of the habitation permit certified

  • Allotment map i.e. zoning and planning map

  • Selling contract or promise of sale (with a copy of the seller’s ID)

  • Copy of the receipt of the down payment settlement

  • Appraisal report issued by an expert authorized from the Bank

 

The list of requirement can be intimidating and completing the process can be complex. It shouldn’t though hinder your goal. Our team of experts is available to help and provide you with the adequate housing loan advice free of charge.

Fill in the form online on bnooki.com, with your contact information and request; our experts will contact you back in a period of two days with an answer and advice best suited to your needs.

Last modified on Monday, 19 January 2015 09:43

Leave a comment

bnooki.com Bnooki Magazine: Your guide to banking and insurance in Lebanon

Top Tweets

A subtle caricature by the great Stavro Jabra! Laughing in the face of difficulties the Lebanese way :) #BLOM... https://t.co/ZhUPDDreDc
We hope that everybody's safe at BLOM BANK and Verdun street, rebuild and strive! https://t.co/zBgjNEuVIl
All you need to know about Personal loans in Lebanon! On: https://t.co/AehOpqDOcU #PersonalLoans #Banking... https://t.co/GWMnF17iiP

Connect with bnooki.com

Get The Latest News Alerts

  • Breaking News Alerts
  • Business News Alerts
  • Daily News

Contact us

Dekweneh - Mar Roukoz - Berytech
T: + 961 4 533 040 ext 2009
M: + 961 71 967 172

For using special positions

Special positions are: sticky_left, sticky_right, notice, tool_bottom. You can use them for any module type. For using this, please go to Module Manager and config your module to your desired position.

You can disable by:

  • Go to Administrator » Template Manager » Your_Template » Tab: Advanced » Use special positions » select: No for all special positions
  • Go to Administrator » Module magager » Your_Module(by postion: sticky_left/stickey_right/notice/tool_bottom) » Status: Unpublish for that module

For customize module in special position

The solution is using Module Class Suffix. You can customize button, module content follow Module Class Suffix

E.g. Module Class Suffix: bg-white @bullhorn then:
- Class of buttom is 'ico-bullhorn'. If without @... the default is 'icon-pushpin'
- Class of module is 'bg-white'

Template Settings

Color

For each color, the params below will give default values
Blue Brown Green Pink Violet
Layout Style
Select menu