MEAB s.a.l.'s Housing loan in collaboration with the Public Corporation for Housing 'PCH' is a loan in LBP tailored especially to customers who want to buy a new constructed house.

 Applicant profile

-          Lebanese & residents for more than 10 years between 21 and 55 years

-          Family income should not exceed LBP 5,000,000

-          A minimum of two years working experience in the same field

-          Monthly payment up to 1/3 monthly salary for employees & 1/4 monthly income for self employed

 Amount

-          Maximum LBP 180,000,000

 Interest Rate

-          40% yield of Lebanese treasury bills for 2 years + 3.5% spread. Revised every 2 years on the remaining balance of the loan.

 Repayment period

-          10 to 30 years divided into 2 equal phases:

o       Phase 1 - repayment of original loan to the bank

o       Phase 2 - repayment of interest paid by the Public Corporation for Housing

 Distinctive features

-          A financing level up to 80% of the house value, 10% of which will be deducted from the loan & deposited in the 'PCH' account in your name

 Terms of the loan

-          Property is mortgaged as collateral

-          Life & Property insurance

-          Any additional guarantee

 Benefits

-          Exemption of registration fees

-          Exemption of mortgage fees

-          Exemption of stamp fees

  For more information, please visit one of our branches or log on to  www.meabank.com