Arab Investment Bank aiBANK – Car Loan without Salary Transfer
EGP 2,860
Monthly Payment
Features & Benefits
- Arab Investment Bank Car Loan up to EGP 600,000 depending on the program
- Flexible repayment plan for up to 5 years
- Minimum down payment is 20%
- Finance up to 100% of car’s value
- Free insurance during the loan period
- 3% fees on past instalments
- 2% administrative fees
- Early Settlement Fees: 5% on the outstanding balance
- Installment Postponement fees: EGP 55
- aiBANK Car Loan is available for Egyptians only
- The loan is eligible to buy a new car
Eligibility & Documents Required
- Minimum age: 21 years old and maximum age: 60 years old
- A copy of valid national ID
- Non-Salary/ Installment Transfer Customers: Stamped HR letter
- Recent utility bill
- Car Price Quotation
This is a representative example of what an EGP 100,000 loan might cost: 16.5% APR Representative based on the 4-year loan option, then monthly instalment would be EGP 2,860. Total amount payable would be EGP 137,266.
BLOM Bank Egypt – Car Loan
EGP 2,622
Monthly Payment
Features & Benefits
- BLOM Egypt Bank Car Loan up to EGP 1M depending on the program
- Flexible repayment plan for up to 7 years
- Interest rates are between 15.5% and 16.5% depending on the program
- Finance up to 100% of car’s value
- Free insurance during the loan period
- Early Settlement Fees: 5% on the outstanding balance
- BLOM Car Loan is available for Egyptians only
- The loan is eligible to buy a new car
Eligibility & Documents Required
- Minimum age: 21 years old and maximum age: 60 years old
- A copy of valid national ID
- Salary Transfer Letter
- Recent utility bill
- Car Price quotation
This is a representative example of what an EGP 100,000 loan might cost: 11.75% APR Representative based on the 4-year loan option, then monthly instalment would be EGP 2,622. Total amount payable would be EGP 125,814.
Arab Investment Bank aiBANK – Car Loan without Salary Transfer
EGP 2,860
Monthly Payment
Features & Benefits
- Arab Investment Bank Car Loan up to EGP 600,000 depending on the program
- Flexible repayment plan for up to 5 years
- Minimum down payment is 20%
- Finance up to 100% of car’s value
- Free insurance during the loan period
- 3% fees on past instalments
- 2% administrative fees
- Early Settlement Fees: 5% on the outstanding balance
- Installment Postponement fees: EGP 55
- aiBANK Car Loan is available for Egyptians only
- The loan is eligible to buy a new car
Eligibility & Documents Required
- Minimum age: 21 years old and maximum age: 60 years old
- A copy of valid national ID
- Non-Salary/ Installment Transfer Customers: Stamped HR letter
- Recent utility bill
- Car Price Quotation
This is a representative example of what an EGP 100,000 loan might cost: 16.5% APR Representative based on the 4-year loan option, then monthly instalment would be EGP 2,860. Total amount payable would be EGP 137,266.
Arab Investment Bank aiBANK – Car Loan
EGP 2,809
Monthly Payment
Features & Benefits
- Arab Investment Bank Car Loan up to EGP 750,000 depending on the program
- Flexible repayment plan for up to 10 years
- Interest rates are between 15.5% and 16.5% depending on the program
- Finance up to 100% of car’s value
- Free insurance during the loan period
- 3% fees on past instalments
- 2% administrative fees
- Early Settlement Fees: 5% on the outstanding balance
- Installment Postponement fees: EGP 55
- aiBANK Car Loan is available for Egyptians only
- The loan is eligible to buy a new car
Eligibility & Documents Required
- Minimum age: 21 years old and maximum age: 60 years old
- A copy of valid national ID
- Salary Transfer Letter
- Recent utility bill
- Car Price Quotation
This is a representative example of what an EGP 100,000 loan might cost: 15.5% APR Representative based on the 4-year loan option, then monthly instalment would be EGP 2,809. Total amount payable would be EGP 134,807.
Abu Dhabi Commercial Bank ADCB – Car Loan
EGP 2,860
Monthly Payment
Features & Benefits
- ADCB Car Loan up to EGP 1,000,000 depending on the program
- Flexible repayment plan for up to 7 years
- Interest rates are between 16.5% and 17.5% depending on the program
- Minimum down payment is 30%
- Free life insurance during the loan period
- Free car License recommendation
- 2% fees on past due instalments
- 1% administrative fees for individuals and 0.5% for excellency clients
- Early Settlement Fees: 5% on outstanding balance
- Installment Postponement fees: EGP 200
- ADCB Car Loan available for Egyptians only
- The loan is eligible to buy a new car
Eligibility & Documents Required
- Minimum age: 21 years old and maximum age: 60 years old
- A copy of valid national ID
- HR letter / Salary Transfer Letter
- Recent utility bill
- 3 months’ bank statement
This is a representative example of what an EGP 100,000 loan might cost: 16.5% APR Representative based on the 4-year loan option, then monthly instalment would be EGP 2,860. Total amount payable would be EGP 134,320.
EG Bank – Used Cars Loan
EGP 2,911
Monthly Payment
Features & Benefits
- Finance up to 60% of car’s value
- Loan amount can reach up to EGP 500,000
- Pay over 5 years
Eligibility & Documents Required
- Minimum age 21 years old for salaried employees, Maximum 60 years
- Car price quotation dated and with car specifications
- Copy of valid national Identification card
- Valid work permit for foreigners or a passport copy
- A valid driving license card
- Recent utility bill (gas, electricity, water, telephone)
- Detailed proof of income required
- Down payment to be deposited directly to the bank
This is a representative example of what it may cost: 19% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 19% pa (fixed). Monthly repayment of EGP 2,911. Total amount payable EGP 139,800
EG Bank – Auto Loan
EGP 2,964
Monthly Payment
Features & Benefits
- Finance up to 100% of car’s value
- Loan amount can reach up to EGP 1,000,000
- Pay over 7 years
Eligibility & Documents Required
- Minimum age 21 years old for salaried employees, Maximum 60 years
- Car price quotation dated and with car specifications
- Copy of valid national Identification card
- Valid work permit for foreigners or a passport copy
- A valid driving license card
- Recent utility bill (gas, electricity, water, telephone)
- Detailed proof of income required
- Down payment to be deposited directly to the bank
This is a representative example of what it may cost: 20% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 20% pa (fixed). Monthly repayment of EGP 2,964. Total amount payable EGP 142,359
National Bank of Kuwait NBK – Car Loan
EGP 2,767
Monthly Payment
Features & Benefits
- NBK Car Loan up to EGP 1,500,000
- Flexible repayment plan for up to 6 years
- Competitive interest rate
- Down payment of 40% required
- No grantor is required
- Free life insurance during the loan period
- No ban on car sale or insurance
- NBK Car Loan available for Egyptians only
- The loan is eligible to buy a new car only
- The loan is granted to employed customers or, self-employed customers
Eligibility & Documents Required
- Minimum age 21 years old for salaried employees, Maximum 60 years
- Car price quotation dated and with car specifications from an approved list of authorized dealers
- Copy of valid national Identification card
- Valid work permit for foreigners or a passport copy
- A valid driving license card
- Recent utility bill (gas, electricity, water, telephone)
- Detailed proof of income required
This is a representative example of what it may cost: 15.75% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 15.75% pa (fixed). Monthly repayment of EGP 2,767. Total amount payable EGP 132,791
Abu Dhabi Islamic Bank ADIB – Car Loan
EGP 2,643
Monthly Payment
Features & Benefits
- ADIB Car Loan up to EGP 1,000,000
- Flexible repayment plan for up to 5 years
- Competitive interest rate
- The bank can finance up to 50% of the car price
- Down payment of 15% required
- No grantor is required
- Free life insurance during the loan period
- No ban on car sale or insurance
- Car Loan available for Egyptians and foreigners
- The loan is eligible to buy a new car only
- The loan is granted to the employee who has completed the probation period
Eligibility & Documents Required
- Minimum age 21 years old for salaried employees, Maximum 60 years
- Car price quotation dated and with car specifications from an approved list of authorized dealers
- Copy of valid national Identification card
- Valid work permit for foreigners or a passport copy
- A valid driving license card
- Recent utility bill (gas, electricity, water, telephone)
- Detailed proof of income required
This is a representative example of what it may cost: 12.95% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 12.95% pa (fixed). Monthly repayment of EGP 2,643. Total amount payable EGP 126,862
Emirates NBD – Car Loan
EGP 3,096
Monthly Payment
Features & Benefits
- ENBD Car Loan up to EGP 500,000
- Flexible repayment plan for up to 7 years
- Competitive interest rate
- The bank can finance up to 50% of the car price
- Down payment 50% required
- No grantor is required
- Free life insurance during the loan period
- No ban on car sale or insurance
- Car Loan available for Egyptians and foreigners
- The loan is eligible to buy a new car only
- The loan is granted to the employee who has completed the probation period
Eligibility & Documents Required
- Minimum age 21 years old for salaried employees, Maximum 65 years
- Car price quotation dated and with car specifications from an approved list of authorized dealers
- Copy of valid national Identification card
- Valid driving licenses card
- Recent utility bill (gas, electricity, water, telephone)
- Detailed proof of income required
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. Total amount payable EGP 148,635
.
Société Arabe Internationale De Banque SAIB – Car Loan
EGP 3,096
Monthly Payment
Features & Benefits
- SAIB Car Loan up to EGP 1,500,000
- Flexible repayment plan for up to 7 years
- Competitive interest rate
- The bank can finance up to 100% of the car price
- No Down payment required
- No grantor is required
- Free life insurance during the loan period
- No ban on car sale or insurance
- Car Loan available for Egyptians only
- The loan is eligible to buy a new car only
- The loan is granted to the employee who has completed the probation period
Eligibility & Documents Required
- Minimum age 21 years old for salaried employees, Maximum 65 years
- Car price quotation dated and with car specifications from an approved list of authorized dealers
- Copy of valid national Identification card
- Valid driving licenses card
- Recent utility bill (gas, electricity, water, telephone)
- Detailed proof of income required
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. Total amount payable EGP 148,635
.
Export Development Bank EBE – Car Loan
EGP 2,270
Monthly Payment
Features & Benefits
- EBE Car Loan starts from EGP 30,000 up to EGP 1,500,000
- Flexible repayment plan for up to 5 years
- Competitive interest rate
- The bank can finance up to 85% of the car price
- A down payment of 15% is required
- No grantor is required
- Free life insurance during the loan period
- Car Loan available for Egyptians and foreigners
- The loan is eligible to buy a new car only
Eligibility & Documents Required
- Minimum age 21 years old for salaried employees, Maximum 60 years
- Car price quotation dated and with car specifications from an approved list of authorized dealers
- Copy of valid National Identification card
- Valid driving licenses card
- Recent utility bill (gas, electricity, water, telephone)
- Detailed proof of income required
- Valid passport for foreigners
This is a representative example of what it may cost: 15.75% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 15.75% pa (fixed). Monthly repayment of EGP 2,270. Total amount payable EGP 133,003.
Al Baraka Bank – Car Loan
EGP 2,868
Monthly Payment
Features & Benefits
- Albaraka Car Loan up to EGP 1,000,000 for new cars
- Flexible repayment plan for up to 5 years for used cars and 7 years for new cars
- Competitive interest rate
- Finance up to 75% of the car price for used cars and 80% for new cars
- A cheque will be delivered to the authorized dealer from the bank
- The finance plan is compliant with Islamic Sharia
- 20% down payment required for new cars
- No grantor is required
- Receiving a reward in case of the early loan settlement
- Monthly instalment is less than 40% of the gross salary
Eligibility & Documents Required
- Minimum age 21 years old for salaried employees, Maximum 65 years
- Car price quotation dated and with car specifications from an approved list of authorized dealers
- Copy of valid national Identification card
- Valid driving licenses card
- Recent utility bill (gas, electricity, water, telephone)
- Ownership contract for the current residence
This is a representative example of what it may cost: 18% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 18% pa (fixed). Monthly repayment of EGP 2,868. Total amount payable EGP 137,676.
Faisal Islamic Bank FIBE – Car Loan
EGP 2,824
Monthly Payment
Features & Benefits
- FIBE Car Loan up to EGP 500,000 for new cars, and EGP 200,000 for used cars
- Flexible repayment plan for up to 6 years
- Competitive interest rate
- Finance up to 100% of the car price
- 25% down payment required for new cars, and 50% for used cars
- No grantor is required
- Free life insurance during the loan period
- No Salary transfer is required
Eligibility & Documents Required
- Minimum age 21 years old for salaried employees, Maximum 60 years
- Car price quotation dated and with car specifications from an approved list of authorized dealers
- Copy of valid national Identification card
- Valid driving licenses card
- Recent utility bill (gas, electricity, water, telephone)
- Ownership contract for the current residence
This is a representative example of what it may cost: 17% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 17% pa (fixed). Monthly repayment of EGP 2,824. Total amount payable EGP 135,550.
Attijariwafa Bank – Car Loan
EGP 2,572
Monthly Payment
Features & Benefits
- Attijariwafa Car Loan starts from EGP 50,000 up to EGP 1,000,000
- Flexible repayment plan for up to 5 years
- Competitive interest rate
- The bank can finance up to 100% of the car price
- No down payment required
- No grantor is required
- Free life insurance during the loan period
- Car Loan available for Egyptians and foreigners
Eligibility & Documents Required
- Minimum age 21 years old for salaried employees, Maximum 60 years
- Minimum age 25 years old for Doctors, Dentists, Pharmacists and Accountants
- Car price quotation dated and with car specifications from an approved list of authorized dealers
- Copy of valid national Identification card
- Valid driving licenses card
- Recent utility bill (gas, electricity, water, telephone)
- Detailed proof of income required
- Valid passport for foreigners
This is a representative example of what it may cost: 11.25% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 11.25% pa (fixed). Monthly repayment of EGP 2,572. Total amount payable EGP 123,485.
Arab African International Bank – Car Loan with Salary Transfer
EGP 2,780
Monthly Payment
Features & Benefits
- AAIB Car Loan starts from EGP 22,000 up to EGP 1,500,000
- Flexible repayment plan for up to 7 years
- Competitive interest rate
- No ban on car sale or insurance
- The bank can finance up to 100% of the car price
- The bank can finance 3 cars for 1 customer after verifying the income criteria
- Down payment up to 10%
- No grantor is required
- Free life insurance during the loan period
Eligibility & Documents Required
- Minimum age 21 years old for salaried employees, Maximum 60 years
- Car price quotation dated and with car specifications from an approved list of authorized dealers
- Copy of valid national Identification card
- Recent utility bill (gas, electricity, water, telephone)
- Detailed proof of income required
- 1.5% administration fees
This is a representative example of what it may cost: 16% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 16% pa (fixed). Monthly repayment of EGP 2,780. Total amount payable EGP 133,427.46.
Banque Misr – Car Loan with Salary Transfer
EGP 2,757
Monthly Payment
Features & Benefits
- Finance up to 50% of the car value
- Finance up to EGP 500,000
- Flexible repayment plan for up to 7 years
- Competitive interest rate
- No ban on car sale or insurance
- The bank can finance up to 100% of the car price, with no maximum limit for the loan (With the guarantee of the bank account)
Eligibility & Documents Required
- Minimum age 21 years old for salaried employees, Maximum 60 years
- Car price quotation dated and with car specifications from an approved list of authorized dealers
- Copy of valid national Identification card
- Recent utility bill (gas, electricity, water, telephone)
- Detailed proof of income required
This is a representative example of what it may cost: 15.5% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 15.5% pa (fixed). Monthly repayment of EGP 2,757.64. Total amount payable EGP 132,366.68.
QNB ALAHLI – Car Loan
EGP 2,766
Monthly Payment
Features & Benefits
- Finance up to 75% of the car value for used cars
- Finance up to EGP 750,000
- Flexible repayment period up to 5 years
- Competitive interest rate
- Speedy approval process
- Flexible repayment period of up to 5 years
Eligibility & Documents Required
- Eligible for Egyptians only
- Dedicated to QNB First and Tamayoz customers only
- Car price quotation dated and with car specifications from an approved list of authorized dealers
- Copy of valid national Identification card
- Minimum age 25 years, Maximum age 60 years
- The car model should not exceed 3 years
- Available for employed customers or self-employed customers
- 25% down payment is required
- Car license
This is a representative example of what it may cost: 15.75% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 9% pa (fixed). Monthly repayment of EGP 2,766.80. Total amount payable EGP 132,790.91.
Bank Audi – Car Loan
EGP 2,806
Monthly Payment
Features & Benefits
- Finance up to 100% of the car value
- Finance up to EGP 1,120,000
- Flexible repayment period up to 5 years
- Competitive interest rate
- Speedy approval process
- No ban on car sale or insurance
Eligibility & Documents Required
- Eligible for egyptians and foreigners
- Car price quotation dated and with car specifications from an approved list of authorized dealers
- Copy of valid national Identification card
- Proof of income
This is a representative example of what it may cost: 16.63% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 16.63% pa (fixed). Monthly repayment of EGP 2,806.28. Total amount payable EGP 134,701.22
Banque Du Caire – Car Loan
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.
National Bank of Egypt NBE – Car Loan
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: 17.5% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 17.5% pa (fixed). Monthly repayment of EGP 2,911. Total amount payable EGP 139,749.
Crédit Agricole – Car Loan (Brand New)
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 and Premier Accounts
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 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.
Commercial International Bank CIB – Car Loan
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 an approved list of authorized dealers
- Copy of valid national Identification card
- No additional required documents for salary transferred 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 Loans for Employed Customers
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
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.
