Whatever your station in life, buying a new car can be a major decision. At Byblos Bank, we want to get you behind the wheel as soon as possible, so our New Car Loan is designed to provide both simplicity and flexibility.
Purpose
- To finance the purchase of a new 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
Distinctive Features
- Free Life Insurance
- Free 24-hour road emergency service
- Financing up to 80% of car price
- 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.