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Loan for used cars

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Basic Auto Loan
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You already have a car at home, but your family is growing, with more errands and responsibilities to run. Your son/daughter is joining college this year and would definitely need a safe way of commuting… This car loan finances the buying of a new or used car for personal use, putting you all safely on the road with its free 24/24-hour road emergency service. 
 
Consumer Loan LOANS FOR USED CARS 
Purpose  To buy a used car for personal use
Applicant Profile  - Lebanese or residents for more than 10 years. 
- Maximum age not to exceed 64 by the end of the loan period.
- A minimum of two years working experience. 
- Minimum net monthly income 900,000 LBP for single & 1,200,000 LBP for the married. 
Interest Rate 6.4% (flat) on LBP and USD
Repayment Period  -Minimum  1 year. 
-Up to 6 years depending on car age.
-Maximum Car age: up to 15 years old for Japanese, German cars, and 4x4.
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" member of the Byblos Group. 
Distinctive Feature  -A FREE : 24/24 road emergency service. 
-A FREE : Life insurance.
-A financing up to 80% of the appraised car value depending on car age.
-used cars can be purchased from any used car dealer.
-You can apply from any Byblos Branch and get a pre-approval even before choosing your car.

Check Libor rates and Treasury Bills rates in our daily market watch.
(**)The Bank reserves itself the right to request any additional guarantees when necessary. 

Ask about your auto loan in LBP at the same rate in USD

Benefits: 
• Swift response in 24 hours.
• Free road emergency service.
• Payment schedule instead of monthly bills.
• Free life insurance.