Car Loan

For all car lovers out there or for those who are dreaming of having their own car, apply for the Car Loan at our bank and benefit from the best offers at the major car dealers in Lebanon.

if you are a Youth package 18+ holder, you can benefit from preferential interest rates on the Standard Car Loan!
Loan characteristics
  • financing the acquisition of a new or used car,
  • currency: USD,
  • required down payment:
    • 25% for new cars,
    • 30% for 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 maximum of 5,000 km mileage per year and up to 2-year-old manufactured cars),
  • file fees: USD 150,
  • guarantees:
    • car pledge up to capital and interests,  
    • car insurance (all-risk, according to the car age),
    • others (on a case-by-case basis).
Loan advantages
  • special offers are also available with selected car dealers
  • a free revolving credit card*.
*Subject to eligibility
Example
Example of a new car:
To finance the acquisition of a USD 25,000 new car with an USD 11,000 down payment, the Car Loan* is reimbursed over a 5-year period through equal monthly installments of USD 347 at an Annual Percentage Rate (APR) of 7.80% (including interest, file fees, car insurance premium, optional life insurance coverage, mortgage, registration fees and fiscal stamps).
Conditions apply as at 19/10/2015 and are subject to variation.

Example of a used car:
To finance the acquisition of a USD 30,000 used car with a USD 12,250 down payment, the Car Loan* is reimbursed over a 4-year period through equal monthly installments of USD 580 at an Annual Percentage Rate (APR) of 12.46% (including interest, file fees, car insurance premium, optional life insurance coverage, mortgage, registration fees and fiscal stamps).
Conditions apply as at 19/10/2015 and are subject to variation.
*Subject to pre-study and approval of the application
Applicant's eligibility criteria
  • nationality: Lebanese,
  • age: 21-65 (at loan maturity),
  • occupation: the applicant/ the guarantor should be:
    • an employee with a steady job and income for more than 18 months or 3 years in the same field,
    • a self-employed with a minimum 3-year work experience in the same field,
    • a military, ISF or GS member who has joined the organisation for at least 18 months,
  • minimum required monthly income:
    • LBP 1,200,000 or the counter value for employees,
    • LBP 2,500,000 or the counter value for self-employed,
    • LBP 3,000,000 or the counter value for expatriates,
    • LBP 1,000,000 or the counter value for military members,
  • monthly payments: maximum 33% of the monthly income.
Every credit facility is an engagement and must be reimbursed. Check your repayment capacities before you apply.
To submit your loan application, learn more about our loan eligibility requirements and requested documents, visit the nearest BLF branch where our customer advisors will be pleased to share with you a customized simulation, including your Annual Percentage Rate - APR based on your profile and selected financing terms.
For any additional information, please contact your nearest BLF branch or our Call Center on 1272 or send us an email on info@eblf.com
> Required documents