New Car Loan

How much can you get?

15,000

70,000

USD

25%

100%

Total Down Payment:

USD 0

(0 Car Down Payment + 0 Insurance Down Payment)
Upfront Payment:

USD 0

Total Insurance Amount:

USD 0

Total Monthly Installment:

USD 0

(0 Car Monthly Payment + 0 Insurance Monthly Payment)
Loan Period:

5 Years

The resulting calculation does not constitute a loan application or offer and might differ slightly.

Interested? Let us call you back


 

 

Description

  Characteristics
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 



Insurance
Type All Risk Insurance 
Period Mandatory over 5 years
Payment Minimum 25% of the insurance amount
Available loan at 0% interest rate 



Additional Benefits
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) 



Conditions
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 



Required Documents
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 








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