Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
National Bank of Egypt - New Auto Loan National Bank of Egypt - New Auto Loan Minimum Salary: EGP 1,500 Salary Transfer: Yes Early Settlement Fees: - Maximum Term: 7 Years Flat Rate: 6.94% Reducing Rate: 12.5%
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Features & Benefits:
  • No need for Guarantor
  • Loan amount up to 750,000 EGP
  • Financing up to 100% of car price
  • 40% down payment programs are available with minimum documentations
  • Loan tenor up to 7 years
  • Competitive interest rates
  • Min. net monthly income 1,500 EGP
  • No I-Score fees
  • No opening account fees
  • Free Insurance policy for life and total disability
  • Special program for corporate deals (group deals)
  • New program that finances 100% of the car price with an extra collateral of 50% of the car price
Eligibility:
  • Age of the borrower at least 21 years and not more than 60 years at loan maturity (salaried employees)
  • Age of the borrower at least 25 years not more than age 65 years at loan maturity (self-employed & professionals)
Documents Required:
  • Copy of ID (valid)
  • Utility bill (as per policy) dated not more than 3 months
Fees & Charges:
  • Administration fees: 1.5% of total loan amount till 5 years and 2% till 6 & 7 years (paid once) for most of the programs
  • Early settlement fees (Full & partial): 3% of the amount paid
  • Late charges: 2% of the amount due
 

Representative example:

If you borrow EGP 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual profit rate of 4.6% you would pay:

Payment per month – EGP 297.50 | Total charge for credit – EGP 710 | Total amount you repay – EGP 10,710

Please note, the actual rate applied to your loan will depend on your circumstances.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator