Blom_bank_Egypt

BLOM Bank Egypt – Car Loan

Features & Benefits

  • BLOM Egypt Bank Car Loan up to EGP 1M depending on the program
  • Flexible repayment plan for up to 7 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
  • Early Settlement Fees: 5% on the outstanding balance
  • BLOM 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: 11.75% APR Representative based on the 4-year loan option, then monthly instalment would be EGP 2,622. Total amount payable would be EGP 125,814.

 

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