What is the minimum down payment on a new car loan? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is the minimum down payment on a new car loan?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Programs vary widely: they start at a 0% down payment for employees with salary transfer or against a savings vehicle pledged as collateral, then step up to 20%, 30% and 40%, and reach 50% for programs that require no proof of income.

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