Arab Investment Bank aiBANK – Car Loan without Salary Transfer
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.
