Am I eligible for the Iskan Housing Loan?

• You must be a Lebanese citizen residing in Lebanon
• You must have at least 2 years of work experience
• You must be purchasing  your first house
• You must have a monthly income of maximum  6,750,000 LBP

What do I need to know about the Loan? 

• Currency: Lebanese Pounds
• Loan Amount: up to 270 million LBP
• Repayment Period: up to 30 years
• Financing Amount:  up to 100% of the property value
• Interest Rate: 20% of the return on 2- year (LBP) Treasury Bills + 3.5% for the remaining loan period, and is renewable every two years
• Benefits: free house registration and mortgage fees

What are the guarantees and conditions required for the Loan?

• The monthly repayment should not exceed one third of the monthly salary if employed or one fourth of the monthly income if self-employed
• First degree mortgage on the house in favor of BBAC with The Capital Insurance and Reinsurance Co. 
• A life insurance policy covering death, total permanent disability and war risk with The Capital Insurance and Reinsurance Co. 
• Property and fire insurance policy on the house
• Additional guarantees such as salary domiciliation and personal guarantee on a case by case basis

What is the next step?

You can apply for the Iskan Housing Loan by visiting any of the BBAC branches, where the customer service representatives are ready to provide assistance, or online.  

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