Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
Federal Bank of Lebanon - Car Loan Federal Bank of Lebanon - Car Loan Minimum Salary: USD 500 Salary Transfer: Yes Early Settlement Fees: - Maximum Term: 5 Years Flat Rate: 4.0% Reducing Rate: 7.2%
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Looking to buy your first car? Time to upgrade the family’s sports utility vehicle? Then the Federal Bank of Lebanon S.A.L. Car Loan could be the solution. It is developed specifically to allow you to buy a new or used car for your private use.

Features:
  • Repayment period from 2 to 5 years
  • Maximum Amount: 40000 USD
  • Car Loans will be granted in USD only
  • Car age for used cars up to 10 years
  • Auto road assistance 24/24H.
  • Life insurance.
  • Other benefits could be offered upon client’s request.
Eligibility:
  • All applicants should have held Lebanese citizenship for at least 10 years
  • Age of applicant should be minimum 21 years and maximum 60 years
  • Employment period should be minimum 1 year for employees and 2 years for self-employed
  • Applicants should have an income of at least USD 500 per month as basic salary or USD 1200 per month if self-employed
 

Representative example:

If you borrow USD 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual interest rate of 4.6% you would pay:

Payment per month – USD 297.50 | Total charge for credit – USD 710 | Total amount you repay – USD 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator