Lebanon
Banque De L'Habitat is a Lebanese joint-stock company established in 1977 and is a mixed company between the Lebanese Government and the private sector. It is a member of the Association of Banks in Lebanon and is focused on granting long-term housing loans in Lebanese Pounds and managing the portfolio of Foreign Worker’s Certificates of Deposit. The main mission of the bank is to lend individuals, especially those with limited or average income, in order to buy, build, renovate, expand, or ameliorate their homes, as well as to finance housing cooperatives.
It manages public and private funds aiming at financing operations of housing loans, particularly those specified in the housing law, with a focus on the loaner’s terms. Banque De L’Habitat offers long-term housing loans to all Lebanese citizens, whether resident or not, with a maximum loan amount of 800,000,000 LBP. The bank assures fixed interest rates throughout the loan period, quick approval within 24 hours, and exempts housing loans from real estate mortgage fees when the mortgage is registered or lifted.
The focus on housing loans, compliance with the Collective Labor Agreement rules and conditions, and the collaboration between the private and public sectors position Banque De L’Habitat as a significant player in the financial services, lending, and investment sectors in Lebanon.