With BLC Bank’s unique and innovative Housing Loan Light, now is your chance to buy a primary residence or a house under construction and save up to 33% on interest over the entire loan period.
Loan Period: You can take the loan for a period up to 30 years divided into 2 phases:
Phase 1 where you repay a minimum of 50% of the loan amount over a period of 15 years at an attractive interest rate of USD cost of funds + 1.5% with salary domiciliation or USD cost of funds + 2% for others.
Phase 2 where you repay the remaining principal loan amount at 0% interest through equal monthly installments for a period that can reach 15 years. This is made possible with a non-refundable deposit equal to 10% of the loan amount placed in an account at BLC Bank at the time of the loan initiation. This amount may also be financed partially or fully by BLC Bank. Interest Rate: In LBP, 3.9% of the first year, 40% of 1 year Treasury Bill including 2.5% P.A. reviewed annually. In USD, cost of fund plus 2% reviewed annually, 0% in return for deposit of 10% of I.A. File Fees: No files fees Grace Period: 6 months up to 4 years Maximum Loan Amount: Up to 80% of the house value
House Types: Primary Residence or a House Under Construction Applicant Age: 21 to 64 Years Old Minimum Monthly Income: USD 550 or eqv. LBP 800,000