Boasting a range of advantages, the 15 year loan can be extended up to 25 years, offering incredible flexibility in repayment frequencies. The few restrictions imposed by the bank include a clause stipulating that the beneficiary can sell their property only after 7 years of acquiring the loan.
To launch this new home loan package at a shockingly low interest rate, a major mixed media advertising campaign was out, which includes a BTL campaign in all branches of Ahli International Bank.
Conducted by Spirit – Beirut, the campaign highlights the flexibility of the loan terms and features, which would allow everyone who dreams of buying a primary home, to have an affordable plan to do it.
Those features include zero file and expert fees, prompt approval, and the possibility to get the loan in Lebanese pound or in US dollar.
Life and house insurances are an integral part of the loan during the whole repayment period.
One main particularity that makes this loan very special: it takes account of non-Lebanese or expatriates, provided that the beneficiary has reached the legitimate age of 21 years, is not older than 64 years at the end of the loan, and has two years of steady employment.
However, there is a preferential treatment for the Lebanese residents, giving them a loan that covers up to 80% of the estimated value of the property, and 60% for foreigners or non-residents.
Thursday, September 8- 2011 @ 16:56 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.