New Car Loan — CIB Egypt | Banky

Editor-in-Chief Mohamed Salah

ع

Editor-in-Chief Mohamed Salah

BANKY NOW 5 Nov 2026
  • Central Bank of Egypt
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New Car Loan

CIB Egypt · Loans · Egyptian Pound · 4.5 · Tuesday 03 November 2026 - 09:51 AM

The CIB New Car Loan is an ideal financial solution to finance your car purchase with high flexibility and ease.

Interest rate
21.5%
Loan amount
Up to EGP 13.5M
Term up to
8 yrs
Type
Auto Loan

Banky Analysis

An audit of the product itself

Loans cannot be reduced to one number. Below is what each bank publishes, and what it does not

What you trade off:

  • Branch application only

What's good

  • Maximum amount higher than average
  • Fewer documents than average
  • No down payment
  • Repayment term longer than average

Not known yet

2 more details we don't have yet

All of this is measured against car loans in EGP only

Last checked Monday 26 October 2026 - 02:17 AM

Rates, terms & fees

Loan type
Auto Loan
Interest type
Reducing Balance
Interest rate
21.5%
Min amount
EGP 0
Max amount
EGP 13,500,000
Min term
1 yr
Max term
8 yrs
Max financing
100%
Zero down payment
Yes
Processing fee (%)
1%
Processing fee (fixed)
EGP 200

Eligibility & requirements

Approved employer
No
Requires collateral
No
Life insurance
Yes
Security types
Salary Transfer
Vehicle types
Car
Vehicle conditions
New

Do the maths

New Car Loan

Work out the monthly installment, total interest, effective APR and schedule.

Enter values to see the result.

Results are estimates for guidance only and may differ from a bank's actual offer.

Our take 4.5

4.5 Banky rating

Pros

  • Flexible financing covering up to 100% of the new car's value with a maximum limit of 13.5 million EGP.
  • Long and convenient repayment tenure of up to 96 months (8 years).

Cons

  • Incurs a 1% administrative fee, plus a fixed EGP 200 processing fee and a 2% early settlement commission.

Our take

The Commercial International Bank (CIB) offers a New Car Loan financing up to 100% of the car's value with a maximum of 13.5 million EGP at a competitive 21.5% interest rate. The loan provides a flexible repayment period of up to 96 months (8 years), featuring fast processing and approval within 3 days to suit salaried individuals and business owners.

The CIB New Car Loan is an ideal financial solution to finance your car purchase with high flexibility and ease.

Compare

Alternatives at a glance
New Car Loan CIB Egypt This one Electric car Loan bank abc Auto Loan bank nxt Used Car Loan arab bank egypt
Interest rate
21.5% 21.5% 21.5% – 0% 17%
Loan amount
Up to EGP 13.5M EGP 10K – 10M Up to EGP 8M Up to EGP 900K
Term up to
8 yrs 8 yrs 8 yrs 5 yrs
Type
Auto Loan Auto Loan Auto Loan Auto Loan
Compare with 3 similar loans

Added Thursday 02 July 2026 - 03:22 AM Updated Sunday 09 August 2026 - 07:27 PM