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  • Housing Loan Subsidized by the Central Bank

Housing Loan Subsidized by the Central Bank

BLOM Bank offers you the housing loan subsidized by Banque du Liban to facilitate the process of buying a new house in Lebanon. This housing loan program includes conveniences that are granted to you upon approval.

What do you have to know about the Housing Loan Subsidized by the Central Bank?

Currency

LBP

Loan Period

7 to 29 years with a grace period (up to 6 months)

Maximum Loan Amount

LBP 1.200 Million

Interest Rate

Currently: 4.24% (Variable rate: 25% of 1 year T-bills + 2.9%)

Down Payment

25% of the property price

Typical APR* (variable)

4.26%

 

*The Typical APR is a unit of measurement that represents interests and any other cost imposed on the client through the Bank as a result of a product contract.

 

  • For Lebanese Residents and Expatriates.
  • Pre-approval from the bank within 48 hours of application. 

 

What are the conditions and requirements to apply for the Housing Loan Subsidized by the Central Bank?

  • Down payment must be minimum of 25% of the loan amount.
  • Monthly payment must not exceed 35% of the monthly income or 45% in case the client has other commitments.
  • First degree mortgage on the residence.
  • A life insurance covering the outstanding loan amount.
  • A fire and natural disaster insurance policy.

 

How can you calculate your monthly payments for the Housing Loan Subsidized by the Central Bank before applying?

To see what your monthly house loan repayments will be, click on "Simulate" found on the top of the page, before you apply online.

 

How can you apply for the Housing Loan Subsidized by the Central Bank?

  • Pass by any of our branches and get assistance from our customer service officers.
  • Contact our 24-hour Call Canter at: 01-753000


For more information, head towards the nearest BLOM Bank branch, or contact our 24/7 Call Center on +961-1-753000 anytime, any day.

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