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The National Bank of Egypt is one of the oldest banks operating in Egypt and provides its multiple banking services to its clients at the highest level of performance, and meets the needs of customers in various fields and contributes to achieving their dreams and aspirations in life, by granting different types of financing, including personal loans, real estate financing and car loans, and in This article we will single out the details of a car purchase loan from Al Ahli Bank, the features and conditions of this loan, the required documents, fees and commissions that are charged for the financing.
Car purchase loan from Al-Ahli Bank
The characteristics and advantages of the loan to buy a car from the National Bank
Car loans from AlAhli Bank have many features and benefits, which include the following:
- Loan without guarantor.
- Financing the purchase of a car up to one million Egyptian pounds.
- The loan amount reaches 100% of the car price.
- Different payment periods, ranging from one year to 7 years.
- Competitive interest rate.
- Special financing programs for corporate employees.
- A minimum monthly net customer income must start from 1,500 EGP.
- Various programs for all customer sectors.
- There are no credit query fees.
- Without an account opening fee.
Essential documents required from clients of all programs
As for the documents and papers required by the client to obtain the loan, which are common to all categories of customers and financing programs, they include:
- A copy of the valid national ID card.
- Utilities bill, such as a bill (electricity, water, phone, or gas).
Conditions for granting the loan
- The borrower’s age should not be less than 21 years, and not more than 60 years at the end of the loan, for the employed clients.
- The borrower is not less than 25 years old, and no more than 65 years at the end of the loan to business owners and self-employed.
Commissions and fees
Fees and commissions are charged on the loan, which are:
- A percentage of administrative expenses from the finance amount, to be paid once in advance.
- Commission for early repayment of the loan (total and partial) of 3% of the amount to be repaid.
- A fine for delaying the payment of the installment of 2% of the amount owed and not paid.
It is worth noting that the National Bank also provides car loans with savings savings guarantee (certificates).
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