Car loan 2025.. Many of us would like to buy a car to take to our work and errands and save us from the traffic congestion, but the rise in prices in recent months has caused many people to reconsider their position again and wait for the prices to come down, after the return of the Al-Nasr Automotive Company to production and the entry of new international companies to manufacture cars in Egypt and the breakthrough. What comes in the market with it will definitely bring prices down…and that’s why a lot of people are looking now. On the best car loans from banks.. Stay with us until the end and you will know the details.
Car loan 2025
Most banks operating in Egypt offer car financing offers to attract the largest number of customers, and for this reason banks compete to offer advantages and easy terms for car loans specifically, and there is more than one bank that offers greater advantages than any other banks for car loans..
The first of these banks is the Commercial International Bank, which offers the largest loan of up to 9 million pounds, or 100% of the car’s price, whether for employees or self-employed people, and long repayment periods of up to a maximum of 8 years, while the interest rate reaches 26%, and take it with you. H. Prohibiting the sale or insurance of the vehicle subject to the transaction.
Car loan in Egyptian banks 2025
The papers and documents that the International Commercial Bank requires to obtain a car loan are pure simple papers, such as a photo of a valid ID card, a car price quote, proof of income or a salary statement if you are an employee, and a bank statement, whether personal or corporate, for the last 6 months, and in the case of self-employed people, they must Submit the original commercial register or its equivalent.
The most important advantage of a car loan from Commercial Bank is that it provides interest-free installment services for services after selling the car, such as purchasing spare parts using CIB credit cards..
The second bank that offers a car loan with many advantages is the United Bank, which offers a car loan with repayment periods of up to 10 years for a limited period until the end of 2024, according to the bank’s official website. The down payment is 10% and the interest rate is competitive, knowing that the loan amount reaches a maximum of 3 million pounds and is available. For individual clients, whether employees or freelancers
The advantage of a car loan from United Bank is that it covers administrative expenses while providing flexible and multiple payment options, with the issuance of an annual car insurance policy and a life insurance policy for the customer, among other easy procedures..
The last bank with us, if you want to buy a car with special conditions, is Banque Misr, which provides a special service to its customers, which is to grant them a loan to buy a used car without a down payment, with an interest rate ranging between 24 and 25%, and repayment periods of 5 years maximum, and the bank does not require the presence of a guarantor or the transfer of the salary to Banque Misr, while the car purchase can be financed at 100% of its current price.
The most important features of the terms of the used car loan from Banque Misr are that the loan holder is not required to be at least 21 years old and there is no down payment, and it is also considered a car loan without a job.
