Last born of CST group of companies, CST for loans was established mid 2010, (list of specialized entities in the central bank N. 5) completing the range of services offered by the CST group of companies.
CST for Loans is a commercial vehicle aimed to lend small amounts of money (micro loans) to small entrepreneurs and consumers.
How does CST For Loans operate?
CST For Loans targets loan applicants such as junior employees, pre-bankable workers, self-employed, government employees, army personnel and small business owners.
Loans range from USD 1,000 to USD 10,000 and are aimed to finance small business expansion or improvement, home renovation, used car acquisition, vacation packages, home appliances and furniture etc.
Loans are made directly to the individual, or the company, or through merchants and co-branded credit cards.
Large data base with credit history from CST Lebanon
Long term reliable relationship with investigation companies
Approval or rejection of loans within acceptable timeframe
Door to door collection and telephone follow-up
Several lawyers engaged for recoveries
Credit Insurance for all loans
Life Insurance for borrowers
Promissory Notes signed by borrowers
Vehicle Mortgage + Total Loss Insurance for car loans
Additional guarantees on case-by-case basis: salary domiciliation, real estate ownership deed, vehicle license
CST Lebanon track record
Management of ongoing debts; Daily follow-up on delays, screening.…
Payment defaults are covered by Credit Insurance
Penalty charges on Payment delays
CST Group reputation with banks, insurers and reinsurers
Object: Lending company (comptoir)
Company’s Name: CST For Loans.
Legal Status: S.A.L.
Address: Jdeideh - Park Jdeideh Center -2nd Floor 12,56th Street
Phone: 961-3-361901 / 961-1-878125
Mr. Raja Abdallah (Chairman)
CST Holding represented by Mr. Saleh Srour
Aspect Developers S.A.L. represented by Mr. Bernard Gerdy