How much can you get?
Interested? Let us call you back
Description
Currency
USD
Car Price
Min. USD 15,000
Max. USD 70,000
Higher amounts will be reviewed on case by case basis
Car Type
New (sports cars, convertibles and turbo cars are excluded)
Loan Period
Mandatory over 5 years
Interest Rate
0%
APR
5.08% (for a car price of USD 50,000 over a period of 5 years)
What is APR?
Down Payment
Min. 25% of the car price (or equivalent when trade-in your old car)
Upfront Payment to BSL BANK
(non-refundable)
Over 5 Years:
- 8% of the car price if: Insurance amount is fully settled & Down payment is 25% ≥ 35% of car price
- 9.5% of the car price if: 25% of Insurance amount settled & Down payment is 25% ≥ 35% of car price
- 7% of the car price if: Insurance amount is fully settled & Down payment is 36% to 49% of car price
- 8.5% of the car price if: 25% of Insurance amount is settled & Down payment is 36% to 49% of car price
- 6% of the car price if: Insurance amount is fully settled & Down payment is ≥ 50% of car price
- 7.5% of the car price if: 25% of Insurance amount is settled & Down payment is ≥ 50% of car price
File Fees
USD 120 (paid in cash)
Bill Fees
USD 1/Bill
Commission Fees
0
Stamp Fees
1.5‰ of the gross loan amount (paid in cash)
Grace Period
0
Bank Guarantees
All risk car insurance and car mortgage
Type
All Risk Insurance
Period
Mandatory over 5 years
Payment
Minimum 25% of the insurance amount
Available loan at 0% interest rate
e-banking
Free e-banking access
Moment Loyalty Program
Automatic enrollment to BSL BANK Moment loyalty program with 1,000 Moments offered
Credit Card
Free MasterCard Titanium card (conditions apply)
Age
Minimum: 21 years
Maximum: 60 years for employees. To be reviewed case-by-case for self-employed
Nationality
Lebanese residing in Lebanon
Salary Domiciliation
Mandatory at any bank
Occupation
Employed for more than 1 year or self-employed for more than 2 years of profit
Minimum Revenue
Monthly settlement not to exceed 30% of monthly income, or 40% if applicant is also settling a housing loan
Identification document
Certificate of individual status maximum 3 months old or copy of identity card
Proof of Residence
Mayor Certificate (mentioning the detailed address and the fixed land line number) or latest electricity bill
For Employees
– Authenticated Employment Certificate (specifying the position, the employment starting date and the monthly salary)
– NSSF (National Social Security Fund) historical report or mention the number of the NSSF on the salary certificate
-Banking Statement of Account for the last 12 months
– CDR
For Self-Employed
– Financial Statements for the last 3 years (if applicable)
– Banking Statement of Account for the last 12 months
– Commercial circular (If applicable)
– CDR for the Company
Related Products
that might interest you
