Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
National Bank of Kuwait - Auto Loan National Bank of Kuwait - Auto Loan Minimum Salary: EGP 3,000 Salary Transfer: Early Settlement Fees: - Maximum Term: 7 Years Flat Rate: 0.0% Reducing Rate: 0.0%
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Eligibility 
  • Nationality: Egyptians only
  • Age: min 21 years old and max 60 years old (at loan maturity)
  • Loan is granted to individuals either employed or, self-employed
  • Guarantor not required

Documents Required 
  • For Employed Customers:
  • Valid national ID
  • Recent Utility bill Salary certificate or HR letter or last 3 months bank statement
  • For installment or salary or transfer- an undertaking letter from employer
  • Signed loan application form
  • Car Price quotation from car dealership
  • For Self Employed Customers:
  • Valid national ID
  • Recent Utility bill Commercial register
  • Last 2 years audited financial statements
  • Signed loan application form
** 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