Find the best deals on car loans and car finance options

Need money to buy a car?

By spreading the cost over time, it’s a great way to avoid paying for a car all in one go. Much like other types of loans, interest rates tend to apply, as well as extra fees. This makes shopping around for the right deal vitally important.

Check out and compare the best car loan options below.

  • Loan Features

  • Bank

  • Loan Features

  • Bank

Banque Du Caire – Car Loan

Personal Loans for Governmental Employees

EGP 20,000

Minimum Salary

EGP 0

Down Payment

14.5%

Flat Rate

EGP 2,757

Monthly Payment

Features & Benefits

  • Finance up to 100% of the car value
  • Finance up to EGP 1.5 million. EGP 750,000 for used cars
  • Competitive interest rates from 14.5% to 20%
  • Flexible repayment up to 7 years
  • Car insurance is based on the remaining loan amount (125% of loan amount)

Eligibility & Documents required

  • Minimum age 21 years old for salaried employees and 23 years old for self employed employees
  • Application form
  • Copy of valid national Identification card
  • Car price quotation


This is a representative example of what it may cost: 14.5% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 13% pa (fixed). Monthly repayment of EGP 2,757.80. Total amount payable EGP 132,374.17.

NBE National Bank of Egypt – Car Loan

Personal Loan Private & Multinational Employees

EGP 1,500

Minimum Salary

EGP 0

Down Payment

17.5%

Flat Rate

EGP 2,911

Monthly Payment

Features & Benefits

  • No need for a guarantor
  • Loan amount up to one million EGP
  • Financing up to 100% of the car price
  • Loan tenor up to 7 years
  • No I-Score or account opening fees

Eligibility & Documents required

  • Applicant must be 21 or older, a legal resident of Egypt and you are either salaried, self-employed or pensioner
  • Application form
  • Copy of valid national Identification card
  • Car price quotation


This is a representative example of what it may cost: 13% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 13% pa (fixed). Monthly repayment of EGP 2,682.75. Total amount payable EGP 128,771.98.

Crédit Agricole – Car Loan (Brand New)

personal loan without salary transfer

EGP 1000

Minimum Salary

EGP 0

Down Payment

21%

Flat Rate

EGP 3,096

Monthly Payment

Features & Benefits

  • Finance up to 100% of the car value
  • Finance amount can reach up to EGP 1,000,000
  • Competitive interest rate
  • Speedy approval process
  • Flexible Repayment Options 6-84 months repayment periods

Eligibility & Documents required

  • Minimum age of 21 year-old and a maximum of 65 year-old
  • Valid National ID and recent residence utility bill
  • Proforma invoice
  • Original HR letter for employees
  • Recent Commercial Register, valid taxation card and bank statement for last 12 months for self-employed customers

This is a representative example of what it may cost: 21% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 21% pa (fixed). Monthly repayment of EGP 3,096.57. Total amount payable EGP 148,635.34.

HSBC – Car Loan (top-tier companies / premier accounts)

Advance Current Account

EGP 3,000

Minimum Salary

EGP 0

Down Payment

15.25%

Flat Rate

EGP 2,795

Monthly Payment

Features & Benefits

  • No down payment required
  • Flexible repayment period up to 84 months
  • Finance available for new and used cars
  • Competitive interest rates, with preferential rates for HSBC Premier and Advance customers

Eligibility & Documents required

  • You must have completed your probation period with your current employer
  • Minimum age of 21 and a maximum age of 65 at the end of the finance repayment period
  • Your employer must be on the bank’s approved employer list
  • Valid National Identification Card for Egyptians or valid passport and valid residency for foreigners
  • Recent income or instalment transfer letter in the bank’s standard format
  • Recent telephone, electricity or gas utility bill (maximum 3 months old) with a minimum consumption amount of EGP 9 for electricity, EGP 3 for gas and EGP 36 for telephone bills
  • Car price offer from the dealer, showing the name of the dealer to whom the cashier order with the car value will be issued

 

This is a representative example of what it may cost: 15.25% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 15.25% pa (fixed). Monthly repayment of EGP 2,795.76. Total amount payable EGP 134,196.67.

CIB – Car Loan

CIB Personal Loan

EGP 3,000

Minimum Salary

EGP 0

Down Payment

13%

Flat Rate

EGP 2,647

Monthly Payment

Features & Benefits

  • Loan amounts up to EGP 1 million
  • Zero down payment
  • No lien on car sale and optional car insurance
  • 50% discount on admin fees
  • Preferential competitive interest rates starting from 13% to 14.5%*
  • Finance up to 100% of the car value
  • Flexible loan repayment period up to 5 years

Eligibility & Documents required

  • Car price quotation dated and with car specifications from approved list of authorized dealers
  • Copy of valid national Identification card
  • No additional required documents for salary transfered customers
  • Last six months’ account statement (personal or corporate) and original commercial register or work permit for self employed with CIB Business Banking relation

This is a representative example of what it may cost: 13% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 13% pa (fixed). Monthly repayment of EGP 2,682.75. Total amount payable EGP 128,771.98.

ALEXBANK – Car Loan for Employed Customers

alexbank car loan

EGP 1,000

Minimum Salary

EGP 0

Down Payment

12.5%

Flat Rate

EGP 2,658

Monthly Payment

Features & Benefits

  • Zero down payment
  • Loan amount up to EGP 1,000,000
  • Free life insurance
  • Finance up to 100% of the car value
  • Flexible loan repayment period up to 8 years

Eligibility & Documents required

  • Applicant must be 21 or older, a legal resident of Egypt and you are either salaried, self-employed or pensioner
  • Application form
  • Copy of valid national Identification card
  • Car price quotation
  • Employed for a minimum of 3 months
  • Recent telephone, electricity or gas utility bill (maximum 3 months old)
  • Recent salary proof

This is a representative example of what it may cost: 12.5% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 12.5% pa (fixed). Monthly repayment of EGP 2,658. Total amount payable EGP 127,583.99.

Mashreq Bank – Car Loan

Mashreq Bank Car loan

EGP 1000

Minimum Salary

EGP 0

Down Payment

14%

Flat Rate

EGP 2,732

Monthly Payment

Features & Benefits

  • A free Mashreq Credit Card for the first year
  • Loan amount up to EGP 750,000
  • Free life insurance
  • First Year Insurance coverage premium as part of your monthly installment
  • Flexible Repayment Options 6-72 months repayment periods

Eligibility & Documents required

  • Applicant must be 21 or older, a legal resident of Egypt and you are either salaried, self-employed or pensioner
  • Application form
  • Copy of valid national Identification card
  • Car price quotation

This is a representative example of what it may cost: 14% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 14% pa (fixed). Monthly repayment of EGP 2,732.65. Total amount payable EGP 131,167.09.