Agricultural Bank of Egypt (ABE) is giving its customers the chance to own an MG car through special financing programmes, with 5% cashback on the total financing amount after purchase and a down payment starting at 20% and going up to 60%. The offer also includes special deals on administrative fees and the option to buy at the dealer price, giving customers a range of financing benefits to help them own their new car more easily and flexibly.

Offer details:

  • Car brand: MG.

  • Down payment: from 20% up to 60%.

  • Cashback: 5% of the total financing amount after purchase.

  • Administrative fees: special offers on administrative fees.

  • Purchase price: at the dealer price.

Agricultural Bank of Egypt car loan details

  • Eligible customers: employees and self-employed professionals, with or without salary or installment transfer, as well as bank customers holding certificates and deposits.

  • Repayment period: up to 10 years.

  • Minimum down payment: 20% of the car's value.

  • Maximum down payment: up to 80% of the car's value.

  • Financing amount: up to EGP 10 million, subject to the customer's credit assessment; this limit is available with a down payment of 50% or more.

Interest rate

  • 20.5% with salary transfer.

  • 22% without salary transfer.

  • 24% for self-employed professionals.

Required documents

  • Copy of a valid national ID card.

  • Recent utility bill no older than 3 months.

  • Price quotation for the car from the showroom.

  • Recent salary statement for the last month.

  • Employer undertaking to transfer the salary or installment, where applicable.

  • Recent commercial register for self-employed professionals.

  • Bank statement for the last year for self-employed professionals.