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
