BLF launches housing loan saving plan

‘Housing Saving Plan’ offers loans with a cut-rate interest

August 12, 2011- Banque Libano-Française (BLF) announced the launching of its ‘Housing Saving Plan’ in collaboration with its life-insurance subsidiary, Bancassurance.

The Housing Saving Plan allows beneficiaries to save for their down payment through monthly payments over a certain number of years. At the end of the agreed period, the account holder will have access to a housing loan with a predefined discount on the applicable interest rate. The discount rates vary according to the monthly capital and the period of the investment.

The minimum monthly payment for joining the program is $50 over a minimum period of five years.