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.

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