LSB

Car Loan

Features
  • Currency: USD
  • No maximum loan amount
  • Down payment: 25% of car price +insurance payment
  • Repayment period: between 1 year and 5 years
  • Interest rate (New car):  6% FLAT
  • Interest rate (used car): 7% flat if car model is 7 years or 8% flat if car model is between 8 to 10 years
  • No life insurance required
  • Maximum age for used cars: 10 years
  • Loan given against all-risk motor insurance and mortgage on car
About You
  • Lebanese nationality and resident in Lebanon
  • The loan amount should not exceed 33% of your monthly salary
  • Age: Between 18 and 64 years at loan maturity
  • Consistently employed at the same company for a minimum of one year or 2 years in the same field if self-employed

Required Documents

  • ID
  • Proof of income if employee or statement of account for the last 6 months if self-employed
  • Utility bill or other proof of residence
  • Copy of driver’s license
  • Letter received from company stating car specification
  • Car insurance with LSB as 1st beneficiary
 
Note: Further features and requirements may vary with the applicant’s profile

Car Loan Simulator