ADIB

Abu Dhabi Islamic Bank ADIB – Car Loan

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

 

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