Car Loan

Apply for our Car Loan in USD and benefit, if you are a Lucky to be Young package 18-25 holder, from a reduction on the interest rates applied on the Standard Car Loan with no file fees!
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: preferential interest rate,  
  • loan period:
    • up to 5 years for new and used cars,
  • file fees: no file fees for Lucky to be Young Package holders, 
  • guarantees:
    • car pledge up to capital and interests,  
    • car insurance (all-risk, according to the car age),
    • others (on a case-by-case basis). 
Example
Example Example of a new car
To finance the acquisition of a USD 30,000 new car with an USD 8,600 down payment, the Car Loan* is reimbursed over a 5-year period through equal monthly installments of USD 554 at an Annual Percentage Rate (APR) of 11.73% (including interest, file fees, car insurance premium, life insurance coverage, mortgage, registration fees and fiscal stamps). 
Conditions apply as at 21/06/2019 and are subject to variation.

Example of a used car 
To finance the acquisition of a USD 30,000 used car with a USD 10,600 down payment, the Car Loan* is reimbursed over a 5-year period through equal monthly installments of USD 538 at an Annual Percentage Rate (APR) of 11.73% (including interest, car insurance premium, life insurance coverage, mortgage, registration fees and fiscal stamps). 
Conditions apply as at 21/06/2019 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 [email protected]
> Required documents

 

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