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.

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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.

 

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.

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