2 products side by side
Auto Loan bank nxt
New Car Loan CIB Egypt No product wins everything — the right one depends on your need.
| Specs | Auto Loan bank nxt | New Car Loan CIB Egypt |
|---|---|---|
| Available online | No | No |
| Loan type | Auto Loan | Auto Loan |
| Interest type | Reducing Balance | Reducing Balance |
| Interest rate | 0% Best | 21.5% |
| Min amount | EGP 0 | EGP 0 |
| Max amount | EGP 8,000,000 | EGP 13,500,000 Best |
| Min term | 1 yr | 1 yr |
| Max term | 8 yrs | 8 yrs |
| Max financing | 100% | 100% |
| Zero down payment | Yes | Yes |
| Processing fee (%) | 0% Best | 1% |
| Processing fee (fixed) | — | EGP 200 |
| Approval time | 1 days | — |
| Min monthly income | EGP 10,000 | — |
| Approved employer | No | No |
| Requires collateral | No | No |
| Life insurance | No | Yes |