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Eco-Home Loan
Eco-Home Loan
​Thinking about some eco-friendly improvements for your home that would reduce energy consumption and cut your costs? 

Now it is time for you to breathe easy and Go Green with Fransabank Eco-Home Loan. This pioneering loan gives you the adequate funding to insulate the walls and roofs of your home, install double glazing windows, install energy saving lighting solutions and many other “energy efficient” related projects at subsidized interest rates.
 
What do you get?
  • Currency: US$
  • Loan amount: up to 20 Mln US$
  • Repayment period: up to 10 years excluding grace period (up to 4 years optional grace period)
  • Interest rate: Variable rate (reviewed annually) Beirut Financial Instruments Index (BFI, currently 7% in September 2019) - 4.81% (currently 2.19%)
  • Commission to BDL: 5‰​ from loan amount
  • No file fees
What are the eligible projects?
This product is targeted for financing your individual:
  • Lighting energy efficient solutions
  • Solar water heaters
  • Solar photovoltaic application
  • Double glazing, roof and wall insulation
  • Water treatment
  • Other energy efficient related projects
How does it work?
To qualify for the "Eco-Home Loan for Individuals" you should be:
  • Lebanese and resident in Lebanon
  • Between 18 and 64 years old
What are the guarantees needed?
  • Life Insurance with Bancassurance
  • Equitable mortgage: for loans up to US$ 40.000 and the total loan tenor including the grace period doesn not exceed 10 years
  • Mortgage: for loans greater than US$ 40.000 irrespective of loan tenor
  • Cash collateral: applying cash collateral up to 120% of the loan amount
  • Salary domiciliation: for loans up to US$ 20.000 and not exceeding 5 years including grace period​


Required Documents
Personal Documents
  • Copy of identification card or valid passport
  • Proof of residence, such as mayor certificate, electricity, telephone or water bills
  • Copy of medical insurance card or NSSF card
Employment-Related Documents
For employees
  • Authenticated salary certificate for private sector employee
  • Pay slip for public sector employees

Self-Employed
  • Proof of income, expenses and taxes declaration if available
  • Bank’s statement of accounts for the last 2 years
  • Balance sheet for the last 2 years
  • Copy of company’s civil register


In case of mortgage

Plot-related Documents
  • Copy of title deed
  • Original real estate certificate
  • Original real estate certificate for the common parts
  • Copy of rules of co-proprietors if any
  • Copy of planning certificate if any
  • Copy of housing permit if any
  • Copy of allotment plan if any
Documents related to construction
  • Copy of work report by the Project Engineer (if any)
  • Copy of building permit certified by the Syndicate of Engineers (if any)
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Download Product Key Fact Statement​​​​​

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