Choose your car and your down payment and benefit from Banque Libano-Française Car Loan.

Features:

• financing the acquisition of a new or used car
• currency: USD
• required down payment:
  • 15% for new cars
  • 25% for two-year-old used cars or less
  • 30% for more than two-year-old used cars
• interest rates: fixed and to be determined according to the car model, the down payment and the production year of the car subject of the loan
• loan period:
• • up to 5 years for new cars
  • up to 4 years for used cars (5 years only for medium and high-range cars, with a minimum of 5,000 km mileage per year and up to 2-year-old manufactured cars)
• file fee: USD 150
• special offers are also available with selected car dealers
• a revolving credit card

Eligibility:

• nationality: Lebanese
• age: 21 - 64 (at loan submission)
• occupation: the applicant should be:
  • an employee with a steady job and income for more than 18 months
  • a self-employed with a minimum 3-year work experience in the same field
• minimum required monthly income:
  • LBP 1,200,000 or the counter value for employees or the counter value
  • LBP 2,500,000 or the counter value for self-employed or the counter value
• monthly payment: maximum 33% of the monthly income for employees and self-employed

 

Representative example:

If you borrow USD 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – USD 297.50 | Total charge for credit – USD 710 | Total amount you repay – USD 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.