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National Bank of Kuwait NBK – Car Loan

Features & Benefits

  • NBK Car Loan up to EGP 1,500,000
  • Flexible repayment plan for up to 6 years
  • Competitive interest rate
  • Down payment of 40% required
  • No grantor is required
  • Free life insurance during the loan period
  • No ban on car sale or insurance
  • NBK Car Loan available for Egyptians only
  • The loan is eligible to buy a new car only
  • The loan is granted to employed customers or, self-employed customers

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 work permit for foreigners or a passport copy
  • A valid driving license card
  • Recent utility bill (gas, electricity, water, telephone)
  • Detailed proof of income required


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 2,767. Total amount payable EGP 132,791

 

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