Personal Loan Against Mortgage

When you need to borrow a larger sum of money for personal or business purposes, you can secure your loan against your mortgage, borrow up to $200,000 at exceptional rates and spread your repayments over up to seven years.

	Description
Currency	USD
Maximum loan amount	USD 200.000 \| Granting 50% of the property value
Mortgage	To be up to 125% of net amount
Maximum period	7 years
Minimum Period	3 years
Interest rate	Currently 15.39%
Interest type	Regressive floating rate
File fees	File fees: 0.1% of the loan amount, a maximum of USD 200 File fees Charging period:Taken once at beginning File fees payment method: Outside payment schedule
Stamp fees	1.5‰ on schedule of payment taken only once
Commission fees	0
Prepayment option	Prepayment option: Accepted Prepayment commission and penalty: 1% of the remaining loan amount Minimum advanced payment: 1 note

Bank status of the applicant: BSL BANK Applicant is required to open a current account at BSL Bank
Resident: Residents only (excluding expatriates)
Salary domiciliation or automatic transfer letter
Monthly installment: Not to exceed 30% of the monthly income and 40% of the monthly income if housing loan installments exists)
Minimum acceptable age: 21 years
Maximum acceptable age: Not exceed 64 at the maturity of the loan
Minimum period of experience: Be employed for more than 2 years or self-employed for more than 2 years (with at least 2 years of profit)
Mortgage
Personal guarantee: Required on a case-by-case basis
Expert fees: Between USD 150 and USD 200 (Depending on the region)

Requirement for life insurance: Required
Requirement for fire insurance: Required
Type of life insurance: Death, Permanent Total Disability and Passive War
Type of fire insurance: Fire, Explosion, Construction, Thunderbolt, etc.
Life insurance coverage: 100% of the gross loan amount
House insurance coverage: 100% of the property value
Life and House insurances bought from: The bank
Life and House insurance premiums paid by: The client | Yearly
Life and House insurances payment method: Paid upfront
Insuring company: Allianz-SNA or North insurance or AXA Middle East Life or Commercial Assurance or AL Mashrek

Certificate of individual status or copy of identity card
Recent family status certificate (3 months old maximum)
Recent proof of residence: mayor certificate or electricity bill in the name of the applicant (6 months old maximum)
Copy of the apartment location title deed or renting contract
Copy of the mortgage location title deed

Authenticated salary certificate (specifying the position, the employment starting date and the monthly salary)
NSSF (National Social Security Fund) historical report or mention the number of the NSSF on the salary certificate
Statement of account for the past 6 months showing the salary domiciliation if any

Full name

Mobile

Closest branch

See all Personal loans