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Banque Misr offers car loans tailored to meet the needs of all clients

In order to live up to the expectations of our clients and provide distinctive and diverse banking services and products, Banque Misr offers car loans at competitive interest rates. Different finance programs have been designed to grant loans to employees provided that the employer commits to transferring the salary or a monthly payment or submitting a salary statement to the bank. Self-employed, owners of commercial and industrial enterprises and owners of saving pools can also acquire a car loan.  

The value of the loan can reach up to EGP 500,000, with the option of financing 100% of the car value (under specific conditions). The term of the loan can extend up to 84 months. The minimum age of the borrower must be 21 years and the maximum is 60 years for employees from all companies and organizations. The maximum age for professionals (doctors, pharmacists, engineers, etc.), university professors and owners of commercial and industrial entities, is 65 years upon maturity date of the loan.

In addition, the required documents and the conditions for granting the loan are simple and streamlined. Borrowers only have to submit a request form, a copy of their national ID and a recent utility bill including the address of residence. As for employees, they need to submit a detailed salary statement or a pledge letter from their employer guaranteeing the transfer of their salary or a monthly payment to the bank. As for professionals and owners of commercial and industrial entities, they should submit a copy of their tax card and an official copy of their commercial registry. Self-employed individuals should submit a work permit and a bank statement detailing the past six months if they do not have proof of income.

The loan also features a free life insurance policy throughout the loan term with the possibility of issuing the car license in the name of any family member.  

Banque Misr is constantly striving to meet the needs of all its clients through a diverse portfolio of products and services.

It is worth mentioning that Banque Misr participated in the International Formula Motor Show, which took place in Cairo in January 2011.