| Minimum Salary | Salary Transfer | Early Settlement Fees | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
National Bank of Greece - Car Loan without Income Proof
|
Minimum Salary: EGP 0 | Salary Transfer: Yes | Early Settlement Fees: - | Maximum Term: 5 Years | Flat Rate: - | Reducing Rate: - |
Benefits
- No income proof documents or debt burden calculation
- Competitive interest rate and affordable repayment schedule
- Get your approval in 24 hours
Features
- Minimum down payment 50% of car price
- Flexible repayment period up to 60 months
- Loan amount up to EGP 500,000
Eligibility
- Offered to Egyptians & foreign residents
- Minimum age 21 years
Required Documents
- Egyptians: Photocopy of Valid ID
- Foreign residents: Photocopy of Valid Passport
- Recent original utility bill with current address
- Vehicle Performa invoice
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
