Preowned car loan Lebanon, Top used car loan in Lebanon

Byblos Bank Pre-owned Car Loan

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Byblos Bank

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Pre-Owned Car Loan

The easiest way to get behind the wheel

A Pre-Owned Car Loan from Byblos Bank makes it easier than ever to get behind the wheel without getting weighed down by heavy payments. We offer low fees and competitive interest rates, and you can get an even better deal by shopping at select dealerships. 

  • Financing

    Up to 72% of car price

  • Repayment Period

    1-5 years

  • Save Time

    Pre-approval available

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Distinctive Features

  • Special Benefits

    Special Benefits

  • Competitive interest rate
    Low fees
    Special deals with select car dealers offer even lower rates
    Repayment period of up to 5 years
    You can apply directly from any car dealer, or go to any branch of Byblos Bank and obtain pre-approval before choosing your vehicle
    Special terms on insurance if coverage is ...
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    Competitive interest rate
    Low fees
    Special deals with select car dealers offer even lower rates
    Repayment period of up to 5 years
    You can apply directly from any car dealer, or go to any branch of Byblos Bank and obtain pre-approval before choosing your vehicle
    Special terms on insurance if coverage is contracted with ADIR, a member of the Byblos Bank Group  
    Available to Lebanese expatriates, provided vehicle is registered in name of an immediate family member residing in Lebanon
     
Eligibility
You must be a Lebanese citizen 
You must be less than 64 years of age at the end of the loan period  
You should have a minimum of two years of work experience 
Your net monthly income should be at least LBP 900,000 (or equivalent in USD) if you’re single or LBP 1.2 million if you’re married 
Monthly payment should not exceed one-third of your salary if you’re an employee and one-quarter of your income if you’re self-employed
 
Required Documents
Copy of Valid Photo ID or Passport
Proof of income
Proof of residence
 
Conditions and Guarantees

Available only in USD 
A lien on the vehicle in favor of Byblos Bank
Special terms on all-risks motor insurance with comprehensive coverage and life insurance if contracted with ADIR, a member of the Byblos Bank Group

The Bank has the right to request additional guarantees in certain cases

 
Example of Annual Percentage Rate (APR)
APR calculation includes filing fees, stamp fees, expert fees, and car mortgage fees
Currency: USD
Car Price: USD 40,000
Down-payment: USD 12,000
Loan period in years: 4 
Car model year: 2014
Interest rate (flat fixed): 7.90%
APR 16.340%*
*Excluding car insurance fees
 

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