The Public Corporation for Housing (PCH) – better known as Iskan – in cooperation with the Central Bank and the Association of Lebanese Banks, has lowered its interest rates around 35 percent, from 5.07 percent to 3.28 percent.
Rony Lahoud, Director General of the PCH, said: "The decision will include both new and old applicants."
For instance, those who borrowed LL270 million ($180,000) repaid LL360 million ($240,000), but according the new rates, they will repay only LL330 mill...
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Rony Lahoud, Director General of the PCH, said: "The decision will include both new and old applicants."
For instance, those who borrowed LL270 million ($180,000) repaid LL360 million ($240,000), but according the new rates, they will repay only LL330 mill...
Article details
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