Renew your car while you are still settling your Car Loan bills at BLF without the hassle of waiting for your current loan to expire.

Features:

• possibility to renew your existing car while still settling your current BLF Car Loan,
• 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 model 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)

Offers:

• 50% discount on file fees
• exemption from the 0.5% penalty applied on the early settlements of the former loan
• no proof of income if the Car Replacement Offer is requested during the first repayment year of the initial Car Loan

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.