What are the conditions for a car loan from the National Bank of Egypt?? This is what we will learn about in the topic of our article today, as the National Bank of Egypt revealed a car loan service without a guarantor for those who wish to buy a car in installments from the National Bank of Egypt, and the loan has reached a limit of one and a half million pounds for employees, and 3 million pounds for professionals and entrepreneurs.
In this report, we will know in a comprehensive manner the conditions and papers required to obtain it Car loan from Al Ahly Bank of Egypt For employees and self-employed owners, how much will we know the car loan interest rate from the National Bank of Egypt for the year 2023, in addition to other details that we will learn about below via the website Technical dot com.
|Car loan conditions from the National Bank of Egypt
Cars have become one of the most important means of transportation that people use in our time, along with other means of transportation represented by planes, trains, and other means of transportation, but in light of these difficult economic conditions that most international and Arab countries suffer from, the issue of buying a new car has become a distant dream.
Therefore, many people resorted to banks and companies that offer loans to buy cars, as countries worked to provide licenses to companies and governments that work in this field, and Egypt was one of the Arab countries that includes a number of banks and companies that provide Loans for the purchase of cars in installments.
Among them is the National Bank, where the National Bank of Egypt has announced its start to provide loans to buy a car for the year 2023 at low interest rates and under certain conditions. Many questions began about these conditions imposed by the bank. Therefore, in our article today, we will present the conditions for a car loan from the National Bank of Egypt with Loan repayment details.
Also read: How to buy a car in installments in Egypt
There are some conditions that the applicant must fulfill before applying for a car loan from the National Bank of Egypt, and these conditions are as follows:
There are some documents that the applicant must submit to obtain a car loan from the National Bank of Egypt, and these documents are as follows:
The interest rates for car loans at the National Bank of Egypt range from 16.5% interest at a fixed value annually, or 20% interest at a decreasing value annually, and it is calculated according to the remaining amount that the borrower must pay.
The customer can choose the method of payment according to his desire, knowing that interest rates are variable according to the decisions of the Monetary Policy Committee at the Central Bank, where it holds its meeting on a monthly basis.
Also read: Lowest interest car loan in Egypt 2023
Here we have come to the end of our article for today, where we presented you with the conditions that must be met to obtain a car loan from the National Bank of Egypt, in addition to the value of the fees imposed on customers in addition to the interest rate imposed on the loan, where you can choose the payment method that you want and according to the method Payment You can pay the value of the interest. If you want to get a car, you can try the National Bank of Egypt and apply for a loan. We hope that you liked the article.