For most people, buying a home is the biggest investment they’ll ever make. Byblos Bank’s Incentive Housing Loan is backed by Lebanon’s Central Bank, allowing generous terms that broaden access to this crucial component of long-term financial security.
Successful applicants receive financing of up to:
75% for finished homes 60% for homes in which the buyer is already a tenant 50% of project cost (land plus construction) for building a home
Personal Documents 1. Copy of Valid Photo ID or Passport 2. Copy of syndicate membership card (if any) 3. For Lebanese expatriates, copy of document attesting to official residency abroad
Employment Documents (for employees) 1. Paystub or other proof of salary issued within past 30 days 2. Statement of account for the past 12 months showing salary domiciliation at Byblos Bank, or copies of last 12 salary slips if salary is not domiciled
For Self Employed 1. Declaration of income for the past 2 years as per Byblos Bank specimen (*) 2. Declaration of income taxes for the past 2 years 3. Statement of income for the past 12 months (**) 4. Financial statements of the company for the past 2 years (*) 5. Copy of company’s circular, copy of commercial registration certificate, and copy of company’s bylaws (if any) 6. Extract of commercial register 7. Documents proving place of work (copy of lease or investment contract, etc.) Property Documents For finished homes: 1. Copy of seller’s ID 2. Copy of sale contract or sale agreement with down-payment receipt(s) 3. Copy of authenticated allotment plan 4. Copy of the title deed of the section to be purchased with the loan 5. Real estate certificate of the section to be purchased with the loan and for the common sections (issued within past 30 days) 6. Zoning and planning certificate (if notes exist on the real estate certificate) 7. Copy of habitation permit authenticated by legal authorities (or construction certificate if constructed before 1971) 8. For apartments, copy of rules of co-property authenticated by a notary public For renovating a home: 1. Copy of authenticated allotment plan 2. Copy of the title deed of the section to be purchased with the loan 3. Real estate certificate of the section to be purchased with the loan and for the common sections (issued within past 30 days) 4. Zoning and planning certificate (if notes exist on the real estate certificate) 5. Copy of habitation permit authenticated by legal authorities (or construction certificate if constructed before 1971) 6. For apartments, copy of rules of co-property authenticated by a notary public 7. Copy of contractor’s ID 8. Municipal renovation permit defining renovation works For constructing a home: 1. Copy of the contractor’s ID or company’s circular in case of a contracting company 2. Copy of the title deed for the plot to be purchased with the loan 3. Real estate certificate of the plot to be purchased with the loan (issued within past 30 days) 4. Copy of construction permit (authenticated) 5. Copy of construction plans authenticated by project engineer 6. Zoning and planning certificate (if notes exist on the real estate certificate) 7. Study of project cost (as per Byblos Bank specimen format number 7) signed by client and contractor (*) Can be completed with the assistance of the Bank (**) Can be replaced by own agendas, vouchers, contracts, or daily revenues proving income (for individual establishments, small traders, or liberal professions) Notes Submit all original documents with application Byblos Bank reserves the right to request additional documents if need be, and to accept or reject any application
Available in both LBP and USD Life insurance contracted through ADIR, a member of the Byblos Bank Group, paid over two-thirds of the loan period Fire insurance on the home First degree mortgage on the home Home to be purchased must be applicant’s main residence or, for expatriates, main residence in Lebanon
The Bank has the right to request additional guarantees in certain cases
Linked to USD account:
Local: Up to USD 6,000 per week
International: N/A
Linked to LBP account:
Local: Up to LBP 9,000,000 per week
Number of transactions per month: Up to 50 (based on card type)
Local: Withdrawal as per market rate based on total positive balance
Local: LBP 2,000,000 per day and up to LBP 15,000,000 per month based on total positive balance
Number of transactions per month: Up to 35 (based on card type)
*Effective as of 1 November 2020
Local: Included in local POS limit
Number of transactions per month: Included in POS number of transactions
Total positive balance below LBP 50 million:
Daily: LBP 2,000,000
Weekly: LBP 4,000,000
Monthly: LBP 5,000,000
*Effective as of 9 June 2021
ATM WITHDRAWAL AMOUNTS LINKED TO LBP ACCOUNT*
Total positive balance between LBP 50 million and LBP 50 million:
Monthly: LBP 8,000,000
Total positive balance between LBP 200 million and LBP 500 million:
Daily: LBP 3,000,000
Weekly: LBP 6,000,000
Monthly: LBP 12,000,000