Public Housing Institution introduces new platform for loan prepayments

Lebanon Economy
15-03-2023 | 11:39
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Public Housing Institution introduces new platform for loan prepayments
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Public Housing Institution introduces new platform for loan prepayments

Between 1999 and 2018, the number of loans granted by the Public Housing Institution reached 85,000 loans. However, in just two years, between 2021 and 2023, due to the collapse of the Lebanese lira and the consequent devaluation of the loans and their interest, the Institution's offices were flooded with requests from citizens who wanted to pay off their loans before they became due. 

The number of such requests reached 29,000, while only twenty employees remained out of the original two hundred.

Therefore, to avoid further accumulation of files, the Public Housing Institution has stopped accepting new requests for prepayment and has created a platform that will be launched in a few days through its website for filling out prepayment requests for loans, but under specific conditions.

So, what information is required to be entered on the platform for those who want to apply for prepayment of their loan?
The name of the bank, the full name of the borrower, the phone number, the number of the application, and the duration of the loan.

There is no need to panic, says the Director General of the Public Housing Institute (PHI) Rony Lahoud, because the loans and their interest are in Lebanese lira, and their value will not change. 

All loans will be paid off gradually, and the Public Housing Institution has two messages to citizens; pay off the remaining loan amount to your bank until you receive permission from the Institution. 

"This is what its management decision allowed," he added.
On another note, he advised citizens not to rush to pay their loans so as not to fall victim to transaction trackers because the Institution did not license any of them. They will not be able to expedite their transactions. 

"All they will do is steal your money," he stressed.
 
 

Breaking Headlines

Lebanon News

Lebanon Economy

News Bulletin Reports

PHI

Housing

Loans

Lebanon

LBCI Next
Finance minister signs decree granting August bonus to military personnel
Recommended For You
d-none hideMe
LBCI
Lebanon Economy
2025-11-28

Lebanon's fuel update: Gasoline and gas remain steady, diesel prices fall

LBCI
Lebanon Economy
2025-11-25

Lebanon's fuel prices slightly increase

LBCI
Lebanon Economy
2025-11-21

Lebanon's fuel prices increase

LBCI
News Bulletin Reports
2025-11-20

Lebanon steps up port security: High-tech scanners aim to block smuggling, strengthen ports

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
Israel-Gaza War Updates
2025-10-01

Qatar’s Emir discusses with Trump the plan to end the Gaza war

LBCI
Lebanon News
2025-09-29

MP Ali Hassan Khalil urges return to Parliament, warns against disrupting elections

LBCI
Israel-Gaza War Updates
05:59

Hamas, Islamic Jihad sources say to give Israel sample from body found in Gaza

LBCI
Israel-Gaza War Updates
03:40

Israel says to allow Gazans to exit to Egypt 'in coming days'

Videos
d-none hideMe
LBCI
Lebanon News
2025-12-02

Pope Leo XIV urges leaders to hear their people’s cry for peace, singles out Lebanon (video)

LBCI
Lebanon News
2025-12-02

At Beirut waterfront, Pope Leo XIV rides through cheering crowds (video)

LBCI
Lebanon News
2025-12-02

At Beirut Port, Pope Leo XIV offers silent prayer for blast victims (video)

LBCI
Lebanon News
2025-12-02

Pope Leo XIV opens hospital visit with Arabic ’Sabah el-kheir’ — Video

LBCI
Lebanon News
2025-12-01

Pope Leo XIV tells Lebanese youth Lebanon’s future ‘is in your hands’; watch full speech here

LBCI
Lebanon News
2025-12-01

Pope Leo XIV moved by youth turnout in Bkerke: Video

LBCI
Middle East News
2025-11-27

Pope Leo leaves for Istanbul—Video

LBCI
Middle East News
2025-11-27

Pope Leo arrives at Turkey's Presidential Palace—Video

LBCI
Middle East News
2025-11-27

Pope Leo visits Mustafa Kemal Ataturk's mausoleum—Video

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
Lebanon News
11:50

Israeli military accuses Hezbollah Unit 121 of assassinating four key Lebanese figures to conceal Beirut Port blast details

LBCI
News Bulletin Reports
13:15

Israel presses US envoy Ortagus with claims on Hezbollah, threatens wider military action

LBCI
Lebanon News
09:40

LBCI exclusive: Pope Leo sends message to President Aoun aboard flight leaving Beirut

LBCI
Lebanon News
03:37

Netanyahu says will send Israeli representative to meet officials in Lebanon

LBCI
Lebanon News
10:23

Pope Leo XIV to LBCI: I will continue contacts with world leaders in pursuit of peace

LBCI
Lebanon News
03:27

Lebanese Sources to LBCI: Simon Karam’s appointment increases pressure on Netanyahu as Ortagus heads to Jordan before returning with UN delegation

LBCI
Lebanon News
07:30

President Aoun: Pope Leo’s visit will remain engraved in Lebanon’s memory

LBCI
Lebanon News
03:30

Western sources to LBCI: US pressure led to adding civilians to mechanism talks; too early to judge impact on de-escalation

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More