What is the maximum car loan amount for luxury cars? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is the maximum car loan amount for luxury cars?

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

Car financing covers both economy and luxury models. The maximum financing at some banks reaches EGP 3 to 5 million for luxury cars, and the customer is required to have a strong credit history (a high I-Score) and an income that covers the instalment (within the 50% debt burden rule).

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