Commercial Vehicle Loan

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Commercial Vehicle Loan

Are you looking for a van, or pickup, or taxi cab to support you in your business objectives?

Whether you are a business owner or an individual driver looking for financing for your commercial vehicle, Fransabank offers you its hassle-free Commercial Vehicle Loan with flexible funding terms at competitive rates!

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What do you get?

	New Vans & Pick Ups	Used Vans & Pick Ups	New Taxis	Used Taxis
Loan Amount	Unlimited	Unlimited	Unlimited	Unlimited
Down Payment	25%	25%	25%	25%
Repayment Period Interest Rate	up to 5 years 7.75% (flat)	up to 5 years 9.00%	up to 5 years 7.75% (flat)	up to 5 years 9.00%

How can you repay your loan?

Through monthly installments that can reach up to 33% of your monthly income

How does it work?

To qualify for the Commercial Vehicle Loan:

You should be between 21 and 64 years at loan maturity
You should be of Lebanese nationality
1 year work experience

What are the guarantees needed?

Vehicle mortgage
Red plate mortgage for Taxis only
Vehicle all-risk insurance

Required Documents

Vans & Pick-ups

Employed:

Copy of identification card
Proof of residence such as mayor certificate, electricity, telephone, or water bill
Copy of the NSSF card or medical insurance
Copy of public driving license
For pick-ups with white plate: the owner should provide a license, whether agricultural, industrial or commercial.
Authenticated salary certificate

Self-employed: