Car Loan Based on Presumptive Income

 

 

Car Loan Based on Presumptive Income is granted to the following segments:

  • Employees of government entities, the public sector and the public business sector

  • Employees of the private sector, as classified by our Bank

  • Self-Employed Individuals

 

General Loan Conditions:

  • Minimum age of borrower to be 21 years

  • Maximum age of borrower to be 65 years at the end of the loan tenor or age of retirement, whichever occurs first.

  • Maximum loan value to be EGP 550 thousand

  • Financing percentage of up to 60%

  • Financing tenor of up to 60 months


 

Main Documents Required:

  • Copy of valid national ID

  • Original utility bill citing the customer’s domicile/place of residence

 

For Self-Employed Individuals:

  • Copy of the tax card

  • Copy of the professional license/permit for self-employed professionals

  • Copy of a recent official transcript from the commercial registry for self-employed persons

 

 

Terms and conditions apply.