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
