What is the difference between leasing and a loan?

Leasing is often used to finance a specific asset, such as a car, machine, or equipment, and you pay for its use over the contract period.

Key points

• A loan provides financing under specific credit terms, and you repay the principal and the cost.

• Compare the down payment (if applicable), the total cost, ownership of the asset during and after the contract, and early repayment terms before making your choice.

Source

• Central Bank of Egypt — Financial Inclusion Rates