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Maximize The Speed Of Owning A Car!


Whether you wish to get a brand new car, own a used one or buy a vehicle for your business, just sit back and let the LGB Car Loan drive you there.


Loan Features

 

For Brand New Cars

  • Loan currency : US Dollars 
  • Period:  up to 5 years 
  • Financing up to 75% of the car value
  • Interest rate: 4.9% flat ( APR 9.11% excluding car insurance)


 For Used Cars  

  • Loan currency : US Dollars 
  • Period:  up to 5 years 
  • Financing up to 75% of the car value
  • Interest rate: 6.25% flat ( APR 11.93% excluding car insurance)


Requirements


Employees 

  • Photocopy of Applicant's ID or Passport
  • Age between 21 and 64 by the end of the loan period
  • Authenticated proof of employment for at least 1 year
  • Monthly payment not to exceed 1/3 of the monthly income
  • Guarantees might be required


Self Employed

  • Photocopy of Applicant's ID or Passport
  • Age not to exceed 64 by the end of the loan period
  • Statement of account(s) for the last six months
  • Monthly payment not to exceed 1/4 of the monthly income
  • Guarantees might be required


The Annual Percentage Rate also known as APR describes the annual rate applied on a loan for the whole period. APR calculation includes, other than the monthly payments, all mandatory fees that clients need to pay outside their loan such as the file fees, commission fees, stamp fees, life insurance fees and mortgage fees if any. APR calculation excludes the late payment fees and early settlement fees.

 

All mandatory fees will be clearly stated in the Key Fact Statement within the applying and approval process.

Example of the APR calculation for the New Car Loan:

  • Currency: USD
  • Car status: New

  

 

Example of the APR calculation for the Used Car Loan:

  • Currency: USD
  • Car status: Used

 

 

You can apply for the Car Loan online or by visiting any LGB BANK branch , where our customer service representatives are ready for assistance.

 

 

 

Lebanon & Gulf Bank s.a.l. reserves the right at any time to accept or decline any solicited application, amend the loan amount or payment terms and request additional guarantees.

©2018 Lebanon & Gulf Bank s.a.l , All rights reserved | List of Banks No. 94 , R.C.B
Online banking services licensed by virtue of BDL letter number 11/138 dated March 30,2012.