Whatever your station in life, buying a car can be a major decision. At Byblos Bank, we want to get you behind the wheel as soon as possible, so our Pre-Owned Car Loan is designed to provide both simplicity and flexibility.
Purpose
- To finance the purchase of a pre-owned vehicle for personal use
Eligibility
- Lebanese citizen
- Maximum age not to exceed 64 by the end of the loan period
- A minimum of two years of working experience
- Minimum net monthly income of LBP 900,000 for single applicants and LBP 1,200,000 for married applicants
- Monthly payments should not exceed one-third of salary for employees and one-quarter for self employed
Interest Rate
- Competitive interest rate (flat per annum)
Repayment Period
- Up to six years depending on car age
Distinctive Features
- Free Life Insurance
- Free 24-hour road emergency service
- Financing up to 80% of the car price depending on car age
- Available in either USD or LBP at same competitive interest rate
- You can apply directly from any car dealer or at any branch of Byblos Bank and obtain pre-approval before even choosing your vehicle
Required Guarantees*
- A mortgage on the car and an all-risk motor insurance policy that covers own damage, theft, fire and third-party liability, contracted with the insurance company ADIR, a member of the Byblos Bank Group
* The Bank reserves itself the right to request any additional guarantees when necessary.