Auto Loans are granted to Egyptians through the following finance schemes:
- 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)
General conditions for granting the loan:
- 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
