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.
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 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.
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.
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
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
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
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
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
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Société Arabe Internationale De Banque SAIB – Car Loan
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
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.
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.
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 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 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.
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.
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.
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
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.
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.
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
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.
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.
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.
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.
