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Products & services

Car Loan

Uncover your car, discover your interest…

Choose your car and your down payment and benefit from Banque Libano-Française 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: to be determined according to the car price,
  • loan period:    
    • up to 5 years for new cars,
    • up to 5 years for used 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). 
 
Examples

Example of a new car (price < USD 55,000)
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 608 at an Annual Percentage Rate (APR) of 15.72% (including interest, file fees, car insurance premium, life insurance coverage, mortgage, registration fees and fiscal stamps). 
Conditions apply as at 03/06/2019 and are subject to variation.

Example of a new car (price ≥ USD 55,000)
To finance the acquisition of a USD 60,000 new car with an USD 18,000 down payment, the Car Loan* is reimbursed over a 5-year period through equal monthly installments of USD 1,136 at an Annual Percentage Rate (APR) of 13.44% (including interest, file fees, car insurance premium, life insurance coverage, mortgage, registration fees and fiscal stamps). 
Conditions apply as at 03/06/2019 and are subject to variation.


Example of a used car (price < USD 55,000)
To finance the acquisition of a USD 30,000 used car with a USD 10,700 down payment, the Car Loan* is reimbursed over a 5-year period through equal monthly installments of USD 588 at an Annual Percentage Rate (APR) of 15.72% (including interest, file fees, car insurance premium, life insurance coverage, mortgage, registration fees and fiscal stamps). 
Conditions apply as at 03/06/2019 and are subject to variation.

Example of a used car (price  USD 55,000)
To finance the acquisition of a USD 60,000 used car with a USD 21,400 down payment, the Car Loan* is reimbursed over a 5-year period through equal monthly installments of USD 1,116 at an Annual Percentage Rate (APR) of 13.44% (including interest, file fees, car insurance premium, life insurance coverage, mortgage, registration fees and fiscal stamps). 
Conditions apply as at 03/06/2019 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 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 organization 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 payment: maximum 33% of the monthly income for employees and self-employed.


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
Car Loan
Related links
Banque SBA | | LF Finance (Suisse) | BLF Headquarters | | Lucky to be young
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