Are self-employed individuals eligible for car loans?

Yes, self-employed individuals can obtain a car loan if they can prove their income and meet the bank's assessment.

Key points

• Prepare regular bank statements, business documents, tax returns, or any other documents the bank requires.

• Compare offers based on the down payment, monthly installments, and total cost, as pricing and limits may differ from those offered by salaried employees.

Source

• Central Bank of Egypt — Consumer Protection

• Banque Misr — Auto Loan