Scooter Loan is granted to Egyptians through the following finance schemes at a competitive rate:
- Employees with a pledge from their employing company to transfer the monthly salary / installment
- Employees with proof of income certificate
- Self-employed professionals and commercial and industrial business owners
- Loans guaranteed against savings deposits (Egyptians and foreigners)
General loan conditions:
- Competitive rate
- Minimum age of debtor is 21 years old
- A loan cap of EGP 400,000 (terms apply)
- Financing up to 100% of the value of the scooter (terms apply)
- Loan term of up to 84 months
Required documents:
- Copy of valid National ID card
- Recent original utility bill at the customer’s residence (gas, electricity, water, telephone)
- Scooter price quotation from the 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 recent extract from the commercial registry for commercial and industrial activities
- Copy of permit to practice the profession, for self-employed
- Copy of tax card
- Bank statement for the previous 6 months or income statement from a public accountant, approved by the Central Bank of Egypt or the Egyptian Society for Accountants and Auditors.
Additional benefits:
- Car resale ban and car insurance are not required
- Free life insurance policy throughout the loan period
- Scooter can be licensed to a third-party (terms apply)
*Terms and conditions apply
