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Car Loans

Car Loans are Granted to Egyptians Through the Following Finance Schemes:

  • Salary/installment transfers guaranteed by the employer
  • Employees with income proof
  • Employees without income proof document
  • Self employed professionals and business owners with income proof
  • Self employed professionals and business owners without income proof document
  • Individuals with savings schemes

 

General Loan Terms

  • Competitive interest rate
  • Age:21-60 years for employees and 21-65 years for self employed professionals and business owners at the time of loan maturity
  • The Maximum loan amount: EGP 500,000
  • The Maximum finance rate: 100% of car value (under certain conditions)
  • The Maximum repayment period: 120 months 

 

Required Documents

  • Car loan application
  • Photocopy of a valid National ID
  • Recent utility bill (electricity/gas/water/telephone) refers to the address of residence  

 

For Employees:

  • HR letter
  • Salary/installment transfer letter issued by the employer 

 

For Self Employed Professionals and Business Owners:

  • Photocopy of the tax card
  • An official document from the commercial registry (in the case of business owners)
  • Operating permit/license
  • Bank statement for last 6 months

 

Additional Benefits

  • Customer receives a free life insurance policy covering the loan term
  • The car can be licensed to a third-party from the borrower’s family
  • Loan can be granted using collateral in the form of any EGP savings funds – whether savings accounts, savings certificates, or trusts 

 

*Terms and Conditions apply​