BSL provides zero percent housing loan. Requirements: Prepayment to the bank, standing orders

BSL Bank has launched a housing loan with zero percent cost to the borrower.

Charbel Watfa, Financial Controller at the bank, said: "Customers will be required to make a prepayment of 17.5 percent of the loan if the term is 30 years, and 20 percent if 25 years. They should also open a current account at BSL, and pay bills by standing order."

Watfa said that like all banks, clients are obliged to pay the property owner 25 percent of the property's price as a down payment.

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