2 products side by side
Car loan FABMISR
New Car Loan CIB Egypt No product wins everything — the right one depends on your need.
| Specs | Car loan FABMISR | New Car Loan CIB Egypt |
|---|---|---|
| Available online | Yes | No |
| Loan type | Auto Loan | Auto Loan |
| Interest type | Reducing Balance | Reducing Balance |
| Interest rate | 20.5% Best | 21.5% |
| Min amount | EGP 10,000 | EGP 0 Best |
| Max amount | EGP 4,000,000 | EGP 13,500,000 Best |
| Min term | 6 mo | 1 yr |
| Max term | 5 yrs | 8 yrs |
| Max DTI | 50% | — |
| Max financing | 90% | 100% Best |
| Zero down payment | Yes | Yes |
| Processing fee (%) | 0% Best | 1% |
| Processing fee (fixed) | — | EGP 200 |
| Early repayment penalty | 8% | — |
| Min monthly income | EGP 10,000 | — |
| Min age | 21 | — |
| Max age | 60 | — |
| Self-employed register months | 35 mo | — |
| Approved employer | No | No |
| Requires collateral | Yes | No |
| Life insurance | Yes | Yes |