- 09:30
Exciting news for Lebanese families: Housing Bank (BDH) loans are set to double to $100,000 with support from the Qatari Development Fund, bringing homeownership within reach for low- and middle-income households. A fantastic opportunity for these families, who can now finally see their dream of homeownership within grasp.
The Housing Bank (BDH) is set to dramatically increase its loans, raising the amount from $50,000 to $100,000 with support from the Qatari Development Fund. BDH President Antoine Habib confirmed to This is Beirut that “the bank will soon offer $100,000 housing loans to low and middle-income individuals, as well as those with special needs, with grace periods defined by the fund.” He added that “this initiative is expected to be implemented after Ramadan and Eid al-Fitr,” noting that “a delegation from the Qatari Fund will visit Lebanon to reach an agreement.”
These loans, repayable over 20 years, are intended for purchasing, constructing or refurbishing homes, including the installation of solar panels in rehabilitation projects.
Habib also emphasized that BDH has already resumed granting loans, which have been disbursed to qualifying individuals. These loans are available to low- and middle-income individuals and can be used for apartment purchases, home renovations, land development or solar panel installations.
Several key conditions apply for loan approval: the apartment must not exceed 150 square meters; the applicant must be Lebanese, must not have received subsidized loans, and must not own land in Lebanon; the buyer must secure 20% of the purchase value; and the applicant’s monthly salary must range between $1,200 and $1,500.
Habib stressed that all applications are processed online to prevent interference, political pressure and nepotism.
It’s also worth noting that BDH can once again offer subsidized housing loans, thanks to a loan from the Arab Fund for Economic and Social Development. The fund approved a five-year loan of 50 million Kuwaiti dinars (approximately $165 million). BDH will receive 10 million dinars annually (about $34 million), distributed in two semi-annual payments.
The increase in mortgage loan amounts through the Qatari Fund brings new hope to Lebanese families struggling to achieve their dream of homeownership.
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