Do you want to buy a new car, but don’t know where to start? You always hear about loans that help you buy a car, but you don’t know how to get the lowest interest? Today we will talk about the best offers to obtain a car loan in Egypt 2025 with the lowest interest and how you can choose the offer that suits you and save your money.
In the recent period, there have been major developments in the loan market in Egypt, especially car loans.. Now there are many banks that offer you opportunities to finance the purchase of a new or used car at low interest rates.
But how do you choose the offer that suits you?
The first thing you need to know is that there are two types of car loans: the personal loan to buy a car, which allows you to buy a new or used car through the personal loan, but the interest is a little higher than the specific car loans.. and the car loan, which is a loan intended to buy the car only and has interest. Less and a flexible repayment period.. And of course, in your case, if you want the lowest interest, it is preferable to go for a car loan
So, which banks offer the lowest interest on a car loan in 2025?
If you are looking for a car loan with a low interest rate, you have more than one bank that can help you. One of them is the National Bank of Egypt, which offers you a car loan with an interest rate starting from about 12% annually, and this is one of the best offers. If you want financing without hidden fees, the repayment period is flexible, up to 7 years.
There is also the Bank of Egypt, which has a special offer to finance the purchase of cars with interest starting from 14%, and this is considered good compared to other banks. If you are interested in a new car, they have special offers on loans.
There is also CIB Bank, which offers car financing with interest starting from about 13%. The advantage of CIB Bank is the speed in approving loans if you need financing quickly.
Abu Dhabi Islamic Bank is one of the banks that offers competitive interest rates starting from 11%, with a flexible repayment period and comfortable installments. This makes the bank a great choice if you are looking for a simple and quick loan
But in order to be able to choose the most appropriate offer for you, you must see not only the interest, but also the additional fees and payment installments. Some banks have high administrative fees, so it is important to compare them. For example, a bank may have a lower interest rate than another bank, but if it has large administrative fees, it may increase. The total cost of the loan. Always try to ask about any additional fees such as insurance or administrative fees so that you are not surprised later
What are the loan and financing conditions?
Before you start applying for the loan, you must make sure of the terms of the loan, such as the minimum monthly salary. If you are not working in a fixed job, you may not be able to benefit from some of the offers…and also the required guarantees. Most banks ask you for a guarantor or specific guarantees before they give you the loan, and some banks also do so. They require that you be over 21 years old and have a stable job in order to take the loan
