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Arab Investment Bank aiBANK – Car Loan without Salary Transfer

Arab_investment_bank

EGP 5,000

Minimum Salary

20%

Down Payment

16.5%

Flat Rate

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

Blom_bank_Egypt

EGP 3,000

Minimum Salary

27%

Down Payment

11.75%

Flat Rate

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

Arab_investment_bank

EGP 5,000

Minimum Salary

20%

Down Payment

16.5%

Flat Rate

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

Arab_investment_bank

EGP 2,500

Minimum Salary

0%

Down Payment

15.5%

Flat Rate

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

ADCB_logo

EGP 5,000

Minimum Salary

30%

Down Payment

16.5%

Flat Rate

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

البنك الخليجي المصري

EGP 3,000

Minimum Salary

EGP 40,000

Down Payment

19%

Flat Rate

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

البنك الخليجي المصري

EGP 3,000

Minimum Salary

EGP 0

Down Payment

20%

Flat Rate

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

NBK logo

EGP 5,000

Minimum Salary

EGP 40,000

Down Payment

15.75%

Flat Rate

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

ADIB

EGP 2,000

Minimum Salary

EGP 15,000

Down Payment

12.95%

Flat Rate

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

emiratesnbd_new_logo

EGP 1,500

Minimum Salary

EGP 50,000

Down Payment

21%

Flat Rate

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

SAIB logo

EGP 1,500

Minimum Salary

EGP 0

Down Payment

21%

Flat Rate

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

EBE logo

EGP 1,500

Minimum Salary

15%

Down Payment

15.75%

Flat Rate

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

بنك البركة

EGP 3,000

Minimum Salary

20%

Down Payment

18%

Flat Rate

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

حسابات الاستثمار اليورو

EGP 3,000

Minimum Salary

25%

Down Payment

17%

Flat Rate

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

التجاري وفا بنك

EGP 4,000

Minimum Salary

EGP 0

Down Payment

11.25%

Flat Rate

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

AAIB logo

EGP 3,000

Minimum Salary

10%

Down Payment

16%

Flat Rate

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

بنك مصر

EGP 1,000

Minimum Salary

EGP 0

Down Payment

15.5%

Flat Rate

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

ََQNB قرض شخصي فى حالة تحويل المرتب الأهلي

EGP 5,000

Minimum Salary

EGP 25,000

Down Payment

15.75%

Flat Rate

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

قرض السيارة بنك عوده

EGP 3,000

Minimum Salary

EGP 0

Down Payment

16.63%

Flat Rate

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

banque-du-caire

EGP 2,000

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.

National Bank of Egypt NBE – Car Loan

البنك الأهلي المصري

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: 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)

Crédit-Agricole

EGP 1,000

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 and Premier Accounts

hsbc-bank

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 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

CIB_bank

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 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

alexbank

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

EGP 1,000

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.