Commercial International Bank CIB – Car Loan
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.
