Editor-in-Chief Mohamed Salah
BANKY NOW 5 Nov 2026
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Loans
Browse all Loans
Compare Loans
3 products side by side
- Remove
New Car Loan CIB Egypt - Remove
Electric car Loan bank abc - Remove
Auto Loan bank nxt
No product wins everything — the right one depends on your need.
Best for…
- Lowest rate Auto Loan 0% vs 21.5% at New Car Loan & Electric car Loan
- Largest amount New Car Loan EGP 13,500,000 vs EGP 8,000,000 at Auto Loan
- Lowest processing fee Auto Loan 0% vs 1.5% at Electric car Loan
Biggest differences
- Interest rate 21.5 pts apart
- Min amount EGP 10,000 apart
- Processing fee (%) 1.5 pts apart
- Max amount EGP 5,500,000 apart
All specifications
| Specs | New Car Loan CIB Egypt | Electric car Loan bank abc | Auto Loan bank nxt |
|---|---|---|---|
| Available online | No | No | No |
| Loan type | Auto Loan | Auto Loan | Auto Loan |
| Interest type | Reducing Balance | Reducing Balance | Reducing Balance |
| Interest rate | 21.5% | 21.5% | 0% Best |
| Min amount | EGP 0 Best | EGP 10,000 | EGP 0 Best |
| Max amount | EGP 13,500,000 Best | EGP 10,000,000 | EGP 8,000,000 |
| Min term | 1 yr | 1 yr | 1 yr |
| Max term | 8 yrs | 8 yrs | 8 yrs |
| Max DTI | — | 50% | — |
| Max financing | 100% | 100% | 100% |
| Zero down payment | Yes | Yes | Yes |
| Processing fee (%) | 1% | 1.5% | 0% Best |
| Processing fee (fixed) | EGP 200 | — | — |
| Early repayment penalty | — | 10% | — |
| Approval time | — | — | 1 days |
| Min monthly income | — | EGP 10,000 | EGP 10,000 |
| Min age | — | 21 | — |
| Max age | — | 65 | — |
| Approved employer | No | No | No |
| Requires collateral | No | Yes | No |
| Life insurance | Yes | No | No |