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The million dollar home

EXECUTIVE takes you shopping for the best home loans in Lebanon

by Maya Sioufi

The competition for clients among Lebanese banks is heating up in the home loan department. To find out which is the best on offer, Executive went shopping. We assumed that we have set our sights on a $1 million apartment and need as much cash as we can get to pay for our new pad. We included loans offered in Lebanese lira subsidized by Banque Du Liban (BDL), Lebanon’s central bank, and loans in dollars. We have not included loans offered by ISKAN (the Public Corporation for Housing) as these are capped at LL270 million (and are only offered in lira). The offers vary significantly from bank to bank, especially on dollar loans where the rate is not controlled by the BDL.

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Maya Sioufi

Maya is a research consultant on Arab youth entrepreneurship and employment. She headed Executive's banking, finance and entrepreneurship sections from 2011 to 2013. Previously, she worked at JP Morgan in London in equity sales for three years. She holds an MSc in Accounting and Finance from the London School of Economics (LSE) and a BA in Economics from the American University of Beirut (AUB).   

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