Personal Loan for Car Purchase with Multi Payments

Personal Loan for car purchase purpose offered to Egyptian individuals working at companies operating in Egypt who wants to benefit from their bonus and profit share structure through having several loans with different payouts depending on periodicity (quarterly /semiannual /annual) 

 

 

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  • Extended repayment up to 10 Years
  • Flexible re-payment methods where customer can choose multiple installment periodicity
  • Loan amount is defined based on monthly income and profit share/bonus
  • Competitive interest rate and charges
  • Minimum loan amount 5,000 EGP and maximum 1M EGP
  • Flexiability to purchase new or used car
  • Without prohibition on car sale or car insurance
  • Free Life Insurance during loan period
  • Customers can choose interest rate calculation methodology (fixed Interest rate / Variable interest rate)*
  • Customers can postpone 12 consecutive installments at any time throughout the loan Tenure**

* Interest rates may vary according to The Central Bank of Egypt’s announced lending rate
** Pay interest only during postponement period
*** Terms and Conditions Apply

  • Minimum salary starting from EGP 700 for all governorates and EGP 1000 for residence of Greater Cairo & Alexandria.
  • Transfer Salary and all yearly dues (Profit, Bonus) to ALEXBANK account
  • Customers Age between 21 Years and 60 Years
  • Copy of National ID
  • Recent salary certificate letter includes annual bonus & profit shares
  • Recent telephone, electricity or gas utility bill (maximum 3 months old)
  • Car price quotation
  • Salary transfer declaration (includes annual bonus & profit shares)