Finance the purchase of a new or used car.           

I. TERMS AND CONDITIONS

• Currency : USD
• Loan amount : Up to USD 100,000
• Loan tenor : Up to 5 years
• Down payment : 20% of the car price
• Repayment : Equal monthly installments
• Interest rate : flat interest rate starting at:
  • 4.25% for new cars
  • 6.25% for used cars
• Registration fees : can be included in the loan amount
• Car Insurance : With Medgulf and can be included in the loan
• Life Insurance : With Medgulf and can be included in the loan

         II.  ELIGIBILITY REQUIREMENTS

• Lebanese citizen
• More than 21 years old and less than 64 years old at the maturity date
• Minimum 2 years of uninterrupted service with the current employer
• Holder of a valid driving license
• Minimum salary: 600$ if single- 800$ if married