Compare: Auto Loan vs New Car Loan vs Electric car Loan | 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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SpecsAuto Loan bank nxtNew Car Loan CIB EgyptElectric car Loan bank abc
Available onlineNo No No
Loan typeAuto Loan Auto Loan Auto Loan
Interest typeReducing Balance Reducing Balance Reducing Balance
Interest rate0% Best21.5% 21.5%
Min amountEGP 0 BestEGP 0 BestEGP 10,000
Max amountEGP 8,000,000 EGP 13,500,000 BestEGP 10,000,000
Min term1 yr 1 yr 1 yr
Max term8 yrs 8 yrs 8 yrs
Max DTI— — 50%
Max financing100% 100% 100%
Zero down paymentYes Yes Yes
Processing fee (%)0% Best1% 1.5%
Processing fee (fixed)— EGP 200 —
Early repayment penalty— — 10%
Approval time1 days — —
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