Car Loans
The loan offers exclusive benefits, including the financing of vehicles without a sales restriction, depending on the down payment and the specific program.
- Interest rate
- 21.5%
- Loan amount
- EGP 3.5M – 10M
- Term up to
- 8 yrs
- Type
- Auto Loan
Banky Analysis
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
- Egyptian nationals only
- Early settlement penalty higher than average
What's good
- Maximum amount higher 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
- Fixed
- Interest rate
- 0%
- Min amount
- EGP 3,500,000
- Max amount
- EGP 10,000,000
- Min term
- 1 yr
- Max term
- 8 yrs
- Max DTI
- 50%
- Max financing
- 100%
- Zero down payment
- Yes
- Processing fee (%)
- 1.5%
- Early repayment penalty
- 10%
Eligibility & requirements
- Min monthly income
- EGP 10,000
- Min age
- 21
- Max age
- 65
- Approved employer
- No
- Requires collateral
- No
- Life insurance
- Yes
- Accepted employment types
- EmployedGovernmentSelf-EmployedFreelancerMilitary
- Accepted professions
- any profession
- Required documents
- National ID CopySalary Slip (Last 3 Months)Recent Utility BillCommercial RegisterTax CardHR / Employer Letter
- Vehicle types
- Car
- Vehicle conditions
- NewUsed
| Nationality | egyptian |
Programs
| Program | Rate | Max amount | Segment | Financing | Zero down |
|---|---|---|---|---|---|
| تمويل السيارات الفاخرة | 21.5% | EGP 10,000,000 | Market | 100% | Yes |
| قروض السيارات | 21.5% | EGP 3,500,000 | Market | 100% | Yes |
Do the maths
Our take
Pros
- The program allows for obtaining financing without any restrictions on resale (depending on the down payment and the financing program).
- A repayment period of up to 8 years for luxury cars, and up to 7 years for standard cars.
- A complimentary life insurance policy for the entire duration of the loan.
- A wider range of down payment options, starting from 0% up to 100% of the vehicle's value.
Cons
- Vehicle insurance is not required.
Our take
This loan is an excellent option for those seeking financing for luxury or high-end vehicles, as it offers a maximum limit of 10 million EGP—a feature not provided by most competing banks at this scale. It is also ideal for individuals looking for flexible, long-term repayment periods of up to 8 years. The program offers great flexibility regarding down payments and extended repayment terms, making it a strong contender in the Egyptian auto loan market—provided that the financing amount and the competitive interest rate align with the client’s financial capacity.
The loan offers exclusive benefits, including the financing of vehicles without a sales restriction, depending on the down payment and the specific program.
Compare
| Car Loans bank abc This one | New Car Loan CIB Egypt | Electric car Loan bank abc | Auto Loan bank nxt |
|---|---|---|---|
| Interest rate | |||
| 21.5% | 21.5% | 21.5% | 21.5% – 0% |
| Loan amount | |||
| EGP 3.5M – 10M | Up to EGP 13.5M | EGP 10K – 10M | Up to EGP 8M |
| Term up to | |||
| 8 yrs | 8 yrs | 8 yrs | 8 yrs |
| Type | |||
| Auto Loan | Auto Loan | Auto Loan | Auto Loan |
Added Thursday 02 July 2026 - 03:26 AM Updated Monday 19 October 2026 - 11:20 AM