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Sunday 23 November 2014
 
 
Our Solutions > PCH loan
PCH loan

Emirates Lebanon Bank gives you the opportunity to benefit from priviliged funding conditions linked to the program of the Public Corporation for Housing (PCH).
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How can you benefit from this offer ?

Contact our advisors, they will explain to you the grant criteria and help you for the best in your approaches. They would eventually suggest to you alternative formulas (EL Home) if you do not meet all the criterias.

3 categories of beneficiaries :

  • 1st category :
    Your average monthly household income does not exceed 1 000 000 LBP.
    The maximum area of your acquisition is 120 m2 ;
  • 2nd category :
    The average monthly household income varies between 1 000 000 LBP and 3 000 000 LBP.
    The maximum area of your acquisition is 150 m2
  • 3rd category :
    The average monthly household income varies between 3 000 000 LBP and 5 000 000 LBP.
    The maximum area of your acquisition is 250 m2.

Conditions :

  • You have held the Lebanese nationality for at least ten years;
  • You belong to one of the 3 categories above;
  • You don't own an apartment within a radius of 25 km from your workplace;
  • Your loan is your first funded by a public authority;
  • The apartment should be your main residence;
  • You should be able to reimburse 75% at least of the loan before reaching 64 years old;
  • You should pay the difference between the price of the house and the loan;
  • You should subscribe to a life insurance in favor of Emirates Lebanon Bank and the PCH.

Setting up the funding :

  • Registration of the selling contract and the preferential mortgage in favor of Emirates Lebanon Bank and the PCH in the real estate register and obtaining the new land certificate in your name;
  • Subscription of the different insurances in favor of Emirates Lebanon Bank and the PCH.

The amount of the loan varies between 20 million LBP and 180 million LBP.
(10% of the amount of this loan is placed in a special account. This amount and the cumulated interests are deducted from the sums allowed to you by the PCH – see below).


Refunding of the loan :

  • First stage (max.15 years) : you reimburse the capital, the PCH settles the interests;
  • Second phase (same duration as the first stage) : you reimburse the intersts to the PCH.