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Export Development Bank EBE – Car Loan

Features & Benefits

  • EBE Car Loan starts from EGP 30,000 up to EGP 1,500,000
  • Flexible repayment plan for up to 5 years
  • Competitive interest rate
  • The bank can finance up to 85% of the car price
  • A down payment of 15% is required
  • No grantor is required
  • Free life insurance during the loan period
  • Car Loan available for Egyptians and foreigners
  • The loan is eligible to buy a new car only

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 driving licenses card
  • Recent utility bill (gas, electricity, water, telephone)
  • Detailed proof of income required
  • Valid passport for foreigners

This is a representative example of what it may cost: 15.75% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 15.75% pa (fixed). Monthly repayment of EGP 2,270. Total amount payable EGP 133,003.

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