Car Loans are Granted to Egyptians Through the Following Finance Schemes: -          Salary/installment transfers guaranteed by the employer -          Employees who have a proof of income document -          Self employed professionals and business owners -          Individuals who participate in savings schemes   General Loan Terms -          Competitive interest rate -          Borrower must be a minimum age of 21 years and a maximum of 60 years for employees and 65 years for self employed professionals and business owners at the time of loan maturity -          Maximum loan amount: EGP 500,000 -          Maximum finance rate: 100% of car value (terms and regulations apply) -          Maximum repayment period: 84 months   Required Documents - A car loan application - A copy of a valid National ID card - Recent utility bill (electricity/gas/water) addressed to place of residence   For Employees: -          Salary letter -          Salary/installment transfer letter from employer   For Self Employed Professionals and Business Owners: -          Copy of tax card -          An official document from the commercial registry (in the case of business owners) -          A work permit (in the case of self employed professionals) -          Bank statement for last 6 months   Additional Benefits -          Client receives a free life insurance policy for the whole duration of the loan -          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