BSL BANK Personal Loan Against Mortgage

Features

  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 13.43%
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 2‰
    Prepayment option
  • Prepayment option: Accepted
  • Prepayment commission and penalty: 1% of the remaining loan amount
  • Minimum advanced payment: 1 note

  • Requirements

    • 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 ( for employees): For BSL BANK clients: Salary domiciliation  |  For none BSL BANK clients: 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)

    Insurance details

    • 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

    Documents needed

      Applicant’s personal documents:
    • 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

    • Applicant’s proof of income documents:

      For employees:
    • 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

    • For self-employed:
    • Balance sheet for the past 3 years
    • Copy of bank account statement for the past year
    • Copy of the commercial circular (If applicable)
    • Copy of the company location title deed or renting contract

    Services bundled

    • E-banking
    • Moment Loyalty program
    BSL BANK
    Are you interested in visiting: Home Now Loan