Subsidized housing loans rise with interest rate drop. Banque de l’Habitat’s loans to surge 3.5 times

Demand for housing loans has grown this year, driven by substantial cuts in interest rates on subsidized loans.
The loans granted by the Housing Bank (Banque de l'Habitat) are expected to grow to more than LL500 billion ($332 million) in 2017, 3.5 times their value from the previous year, said the bank's Chairman Joseph Sassine.

Slashing the interest rate on the bank's loans to three percent from five percent substantially boosted demand, Sassine said as part of a report published in t...

Article details