Editor-in-Chief Mohamed Salah
BANKY NOW 5 Nov 2026
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Loans
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2 products side by side
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Electric car Loan bank abc - Remove
New Car Loan CIB Egypt - Up to 3 products
New Car Loan — best on every question below.
Best for…
- Largest amount New Car Loan EGP 13,500,000 vs EGP 10,000,000 at Electric car Loan
- Lowest processing fee New Car Loan 1% vs 1.5% at Electric car Loan
Biggest differences
- Min amount EGP 10,000 apart
- Processing fee (%) 0.5 pts apart
- Max amount EGP 3,500,000 apart
All specifications
| Specs | Electric car Loan bank abc | New Car Loan CIB Egypt |
|---|---|---|
| Available online | No | No |
| Loan type | Auto Loan | Auto Loan |
| Interest type | Reducing Balance | Reducing Balance |
| Interest rate | 21.5% | 21.5% |
| Min amount | EGP 10,000 | EGP 0 Best |
| Max amount | EGP 10,000,000 | EGP 13,500,000 Best |
| Min term | 1 yr | 1 yr |
| Max term | 8 yrs | 8 yrs |
| Max DTI | 50% | — |
| Max financing | 100% | 100% |
| Zero down payment | Yes | Yes |
| Processing fee (%) | 1.5% | 1% Best |
| Processing fee (fixed) | — | EGP 200 |
| Early repayment penalty | 10% | — |
| Min monthly income | EGP 10,000 | — |
| Min age | 21 | — |
| Max age | 65 | — |
| Approved employer | No | No |
| Requires collateral | Yes | No |
| Life insurance | No | Yes |