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Retail Banking / Loans / Housing Loans / Army
Loan tenor
  1. Minimum 7 years & Maximum 25 years
  2. No grace period (i.e. client will directly start paying installments
Loan amount
  • Determined primarily according to the loan schedule sent from the Lebanese army institution according to applicant’s salary..
Financing
Up to 100% of the apartment purchase price or appraised value
Target market
Permanent Lebanese army soldiers and officers
Interest rate
Rate will be reviewed every year and calculated as (100% - % exemption from legal reserve)x 1 year TB yield+ fixed margin 1.628%. currently = 1.628% .
File fees

No file fees, no mortgage fees and no registration fees

Nationality
Lebanese citizen for more then 10 years.
Age
At least 23 years of age and able to complete 100% of the loan amount plus interest before the age of sixty eight (68) for army members (الرتبة) and (72) years for high ranked officers الضباط))