lebcanbank
lebcanbank
lebcanbank   Expatriate loans
  lebcanbank

lebcanbank

 

 

 

 

 

lebcanbankI- HOUSING LOANS

lebcanbanklebcanbank Eligibility:

lebcanbankLebanese for more than 10 years
lebcanbankFavorable information about applicant and employer
lebcanbankUnder 54 years old
lebcanbankLoan settlement must be completed before retirement age
lebcanbankEmployed for more than 2 years:
Working in a well established company
Monthly salary must be at least 3 times the monthly payment
If applicant is self-employed: application is evaluated on a case-by-case basis

• Loan period: From 7 to 15 years
• Loan currency: Us Dollars
• Loan Amount: Minimum USD 20,000
Maximum USD 200,000

Applications for amounts over USD 200,000 will be studied on a case-by-case basis.
Bank will finance 80% of the apartment value.

lebcanbank Settlement: Equal monthly payments not exceeding 1/3 of the salary
lebcanbank Interest rate: Libor + 5.5% (minimum 8% P.A) renewable every year.

lebcanbank Securities:
lebcanbankFirst Grade mortgage on the purchased apartment covering 120% of the loan amount.
lebcanbankLife insurance covering 110% of the loan amount
lebcanbankFire insurance covering 110% of the loan amount
Additional securities may be required on a need basis

In case the loan is covered by a cash collateral amount, the Real Mortgage is no more required:
1. The cash collateral amount must cover 110% of the loan amount
2. A spread of the 3 points between the credit and the debit interest rate is applied if the loan and cash collateral are in the same currency.

lebcanbank File Fees: 1% of the loan amount.


lebcanbankII- PERSONAL LOANS :

lebcanbanklebcanbank Eligibility:

lebcanbankLebanese for more than 10 years
lebcanbankFavorable information about applicant and employer
lebcanbankUnder 54 years old
lebcanbankLoan settlement must be completed before retirement age
lebcanbankEmployed for more than 2 years:
Working in a well established company
Monthly salary must be at least 3 times the monthly payment
If applicant is self-employed: application is evaluated on a case-by-case basis

• Loan period: Up to 3 years
• Loan currency: Us Dollars
• Nature of the account: Monthly bills

lebcanbank Loan Amount: Up to USD 30,000
Applications for amounts over USD 30,000 will be studied on a case-by-case basis.

lebcanbank Settlement: Equal monthly payments not exceeding 1/3 of the salary

lebcanbank Interest rate: 11% P.A

lebcanbank Securities: Assignment in our favor of the retirement indemnity
Additional security may be required on a need basis

In case the loan is covered by a cash collateral amount
1. The cash collateral amount must cover 110% of the loan amount
2. A spread of the 3 points between the credit and the debit interest rate is applied if the loan and cash collateral are in the same currency.

lebcanbank File Fees: USD 50


lebcanbankIII- CAR LOANS:

lebcanbanklebcanbank Eligibility:

lebcanbankLebanese for more than 10 years
lebcanbankFavorable information about applicant and employer
lebcanbankUnder 54 years old
lebcanbankLoan settlement must be completed before retirement age
lebcanbankEmployed for more than 2 years:

Working in a well established company
Monthly salary must be at least 3 times the monthly payment
If applicant is self-employed: application is evaluated on a case-by-case basis

• Loan period: Up to 5 years
• Loan currency: Us Dollars
• Loan Amount: Up to 80% of the car value and not exceeding USD 50,000
Applications for amounts over USD 50,000 will be studied on a case-by-case basis.

lebcanbank Settlement: Equal monthly payments not exceeding 1/3 of the salary

lebcanbank Interest rate: 4.9% Flat

lebcanbank Commissions: Nil

lebcanbank Securities: Hypothecation of the car
All-risk insurance


lebcanbank File Fees: Nil

N.B: The car loans are granted only to purchase Brand New cars.