Uncover your car, discover your interest…

Choose your car and your down payment, and take advantage of Banque Libano-Française's car loan.

• financing the acquisition of a new or used car,
• required down payment:
  • minimum 15% for new cars,
  • minimum 25% for used cars.
• guarantees:
  • car pledge up to capital and interests,
  • life insurance,
  • car insurance (all-risks or total loss, according to the car age). 

• financing:
  • up to 85% for new cars,
  • up to 75% for used cars.
• repayment period:
  • up to 5 years for new cars,
  • up to 4 years for used cars.
• interest rates applicable starting as low as:
  • 3.39% for new cars,
  • 6% for used cars. 
• file fee: USD 150,
• no commission applicable.

*Oldest car model accepted: 2003.

• nationality: Lebanese,
• age: 21-64 (including loan period),
• occupation: the applicant should be an/a
  • employee with a steady job situation and income since more than 18 months with the same employer,
  • self-employed with minimum 3 years of work experience in the same field.
• minimum required monthly income:
  • LBP 1,200,000 for employees,
  • LBP 1,500,000 for self-employed. 
• monthly payment: maximum 33% of the monthly income for employees and self-employed.

• identity card/certificate of individual status,
• recent proof of residence (certificate from the mayor or electricity bill | 6 months old maximum),
• proof of income: for applicants and borrower + guarantor (if applicable)
  • employees: authenticed salary attestation (salary slip accepted only for military members),
  • self-employed: sheet, bank statement, activity analysis, other - on case by case.

Coverage	All risks Premium USD 100 and USD 250	Luxurious Premium USD 250
Fire	With 10% deductibles from the vehicle’s current market value(1)	Depends of the car's current market value(1)
Theft and armed theft	With 10% deductibles from the vehicle’s current market value	With 10% deductibles from the vehicle’s current market value
Total loss(2)	With 10% deductibles from the vehicle’s current market value, in the event where the damage exceeds 65% of the vehicle’s current market value	Depends of the car's current market value(1)
Air bag/dashboard/sensor	With 25% deductibles	With 25% deductibles
Repair works at company repair shops	For the first 2 years only	During the whole period of the loan
Scratching and denting Third-party liability(3)	Included in the coverage	Included in the coverage
Civil responsability(3) Replacement vehicle(4)	USD 1.000.000.000 for material dammages Free coverage for the first 2 years. Starting from the 3rd year, an additional premium of USD 45/year will be required	USD 1.000.000.000 for material dammages Free coverage for the first 2 years. Starting from the 3rd year, an additional premium of USD 45/year will be required
Depreciation on parts	Depends on the age of the car on the accident's date and the start date of the car's insurance: 1st year: 0% 2nd year: 10% 3rd year: 20% 4th year: 30% 5th year: 40% (10% per year with a maximum of 50%)	Depreciation not applicable on spare parts during the whole duration of the loan
Registration cost(5)	Not included in the coverage	Not included in the coverage
Personal accidents, driver and passengers: Death and permanent total disability USD 5000 Medical expenses USD 1000	Included in the coverage	Included in the coverage

(1) Current market value: value of the car at the time of the accident according to current market prices.
(2) Total loss: if the damages incurred do not exceed 65% of the vehicle’s current market value, the vehicle is not considered as a total loss.
(3) Third-party liability: coverage for the insured person’s liability for any damage caused to a third-party.
(4) Replacement vehicle: (deductible 3 days) if the vehicle requires more than 3 days for repair works, the insured can benefit from a replacement vehicle for a maximum number of 7 days per accident and per year.
(5) Registration costs: registration costs are covered if the total value of these costs is included in the vehicle’s purchase price. However, an additional premium of 0.3% will be added per year.

Coverage	All risks Premium USD 100	All risks Premium USD 250
Fire	With 10% deductibles from the vehicle’s current market value(1)	With 10% deductibles from the vehicle’s current market value
Theft and armed theft	With 10% deductibles from the vehicle’s current market value	With 10% deductibles from the vehicle’s current market value
Total loss	With 10% deductibles from the vehicle’s current market value	With 10% deductibles from the vehicle’s current market value
Air Bag/dashboard /sensor	With 25% deductibles	With 25% deductibles
Repair works at company repair shops	Not included in the coverage	Not included in the coverage
Scratching and denting	Included in the coverage	Included in the coverage
Third-party liability	USD 1,000,000 - for material damage	USD 1,000,000 - for material damage
Replacement vehicle	Free coverage for the first 2 years. Starting from the 3rd year, an additional premium of USD 45/year will be required	Free coverage for the first 2 years. Starting from the 3rd year, an additional premium of USD 45/year will be required
Depreciation on new parts(1) (there shall be no depreciation in the case of used parts)	Depending on the age of the vehicle at the date of accident and the date at which coverage entered into effect: 1st year: 10% 2nd year: 20% 3rd year: 30% 4th year: 40% 5th year: 50% (10% for each additional year with a ceiling of 50%)	Depending on the age of the vehicle at the date of accident and the date at which coverage entered into effect: 1st year: 10% 2nd year: 20% 3rd year: 30% 4th year: 40% 5th year: 50% (10% for each additional year with a ceiling of 50%)
Registration cost	Not included in the coverage	Not included in the coverage
Personal accidents, driver and passengers: Death and permanent total disability USD 5000 Medical Expenses USD 1000	Included in the coverage	Included in the coverage