- Age: 65 years old at the end of repayment period.
- Egyptian Resident.
- Maximum Loan: 80% of car value / L.E. 100,000
- Tenor of loan is up to 48 months
- Interest Rate:
- For taxi finance (installment should not exceed L.E. 2,700): flat rate of 10%
for 36 month tenor, with a down payment of 20% or 9.69% for a 48 month
tenor, with a down payment of 30%.
- For fleet finance (installment should not exceed 70% of monthly rental
income): flat rate of 8.95%, with a down payment of 20%.
- Required Documentation:
- Application for Taxi or fleet finance.
- Driver's License
- Car dealer’s offer or price list mentioning brand, model, manufacturing year
and price.
- Photocopy of national ID card.
- Recent electricity or gas bill for resident address.
*All facilities are subject to bank approval.