Displaced Housing Loan

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BBAC believes that the return of the displaced Lebanese to their hometowns is a national duty. And for the mere fact that financial barriers should never stand in the way of the reinforcement of this return, the bank offers in collaboration with the Ministry of Displaced, the Displaced Housing Loan dedicated to secure all displaced Lebanese a decent and stable living.

Are you eligible for the Displaced Housing Loan?

You can benefit from the loan if you are Lebanese coming from villages that have been affected by the displacement which occurred before 1990, and...

  • You must be between 24-64 years old at loan maturity
  • want to partially renovate or reconstruct a damaged or destroyed house through personal funding or through the due amount to be compensated by the Ministry of Displaced
  • still did not benefit from the whole due amount to be compensated by the Ministry of Displaced, provided that the remaining amount is deposited at the bank
  • your compensation file has not been decided on yet, provided that the due amount to be compensated is deposited into one’s own account at the bank
What do you need to know about the Loan? 
  • Currency: Lebanese Pounds
  • Loan Amount: up to LBP 100 million
  • Repayment Period: up to 15 years
  • Interest Rate: 1.628% annually
  • Expert Fees: USD 200
What are the guarantees and conditions required for the Loan?
  • A written approval from the Ministry of Displaced before applying
  • A signed letter at a notary public office committing to deposit at the bank the due amount to be compensated by the Ministry of Displaced
  • Property insurance covering fire and natural disaster from an insurance company acceptable to BBAC.
  • Life insurance covering death and permanent total disability from an insurance company acceptable to BBAC.
  • Additional guarantees such as personal guarantee on a case by case basis
What is the next step?
You can apply for the Displaced 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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