The National Bank of Egypt provides the possibility of purchasing a car in convenient installments over 7 years, as part of the various financing programs offered by the bank to meet the needs of different categories of customers.
The National Bank allows obtaining a car loan, with a value of up to one million pounds, a repayment period of up to 7 years, and simple and easy procedures.
We review the details of the car loan from the National Bank of Egypt with 100% financing and the conditions for obtaining it in the following points:
Advantages of a car loan from the National Bank of Egypt
Obtaining a car loan from the National Bank has several advantages:
– No guarantor.
Financing up to one million pounds.
Financing up to 100% of the car price.
Different repayment periods from one year to 7 years
No credit inquiry fees.
No account opening fees.
Documents required to obtain a car loan from the National Bank
Obtaining a car loan from the National Bank of Egypt requires several documents that must be available when applying, which are:
A copy of the valid national ID card.
Utility bill (according to the approved policy).
Conditions for obtaining a car loan from the National Bank
The National Bank stipulates several conditions for obtaining a car loan, namely:
The age of the borrower should not be less than 21 years and not more than 60 years at the end of the loan for employees.
The age of the borrower should not be less than 25 years and not more than 65 years at the end of the loan for business and self-employed persons.
A minimum monthly net income starting from EGP 1,500.
