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| Definition: |
NBAD's Car Loan programs are designed to facilitate and fulfill the individuals' needs for their desired cars.
The programs are offering big loans' amounts, long tenors, competitive interest rate and much more.
The loan is available for employees, self-employed, business owners and professionals.
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| Features and Benefits: |
- A very big ticket, Loan amount up-to EGP 800,000.
- Flexibility in down payments.
- Loan tenor up-to 5 years for Egyptians & 3 years for Expatriates..
- Flexible payment conditions, 2 installments postponements per year [ i.e. Ramadan, School tuition payments].
- Very attractive interest rate, which it differs based on the tenor of repayment.
- Very quick processing time.
- One month grace period.
- Installment postpones option is available up-to 2 months per year.
- Free Group Life Insurance covering the outstanding balance.
- Credit card carries a lot of very attractive benefits.
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| Initial Required Document: |
- Proof of income.
- Valid Taxation Card and commercial register for business owners.
- Copy of valid Identification Card or passport of residents.
- Recent utility bill.
- Price quotation issued by authorized car dealers.
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