Société Arabe Internationale De Banque SAIB – Car Loan
Features & Benefits
- SAIB Car Loan up to EGP 1,500,000
- Flexible repayment plan for up to 7 years
- Competitive interest rate
- The bank can finance up to 100% of the car price
- No Down payment required
- No grantor is required
- Free life insurance during the loan period
- No ban on car sale or insurance
- Car Loan available for Egyptians only
- The loan is eligible to buy a new car only
- The loan is granted to the employee who has completed the probation period
Eligibility & Documents Required
- Minimum age 21 years old for salaried employees, Maximum 65 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
This is a representative example of what it may cost: 21% APR Representative based on a loan of EGP 100,000 repayable over 48 months at an interest rate of 21% pa (fixed). Monthly repayment of EGP 3,096. Total amount payable EGP 148,635
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