- Car Loan Based on Presumptive Income
- Employees with a pledge from their employer to transfer the monthly salary / installment
- Employees with proof of income certificate
- Self-employed professionals and business owners with proof of income
- Loans guaranteed against savings deposits (Egyptians and foreigners)
- Competitive interest rate
- The debtor must be at least 21 years old
- Maximum cap for loans is EGP 6 million
- Financing up to 100% of the value of the vehicle
- Loan terms up to 120 months
- Copy of a valid national ID card
- Recent original utility bill at the customer’s residence (gas, electricity, water, telephone)
- Validated price list from car showroom
For employees:
- A certificate of monthly salary is required
- Employer's pledge to transfer the monthly salary / installment (in case of employer’s pledge)
For self-employed, commercial and industrial business owners:
- Copy of tax card
- Copy of license/permit to practice the profession, for self-employed
- Copy of recent extract from the commercial registry
- Bank statement for the previous 6 months
Additional benefits
- Free life insurance policy throughout the loan period
- The car may be licensed to a third-party from the debtor’s family
- Car insurance and car resale ban are not required (terms applicable)
- Financing used cards (terms applicable)
*Terms and conditions apply
Used car loan for virtual income financing programs
This loan is exclusively granted to individuals falling under the following categories:
- Employees in government agencies, the public sector, and public businesses
- Employees in the private sector
- Professionals and freelancers
Key conditions for granting the loan include:
- Competitive interest rates
- Minimum borrower age of 21 years
- Maximum loan limit of 4 million pounds
- Financing rate of up to 60%
- Financing period of up to 72 months.
Ensure you have the following documents ready:
- A copy of a valid national ID card.
- Original utility bill (gas, electricity, water, telephone) for your current residence.
- A copy of the car license.
- Car insurance policy in favor of our bank, showing the paid value.
For self-employed professionals and commercial and industrial activities, the following documents are required:
- A copy of a recent official extract from the commercial register.
- A copy of the license/permit to practice the profession (for self-employed professionals).
Additional information:
- A free life insurance policy for the entire life of the loan is included for the customer.
- The car can be licensed in the name of a family member.
- The maximum age of the car at the end of the financing period is 120 months for German cars and 96 months for all other cars except Chinese-made cars.
*Terms and conditions apply.
