| Minimum Salary | Salary Transfer | Early Settlement Fees | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
NBAD - Auto Loans
|
Minimum Salary: EGP 0 | Salary Transfer: Yes | Early Settlement Fees: - | Maximum Term: 5 Years | Flat Rate: 7.22% | Reducing Rate: 13.0% |
Owning your dream car just turned into reality.
NBAD Auto Loans Features:
Representative example:
If you borrow EGP 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual profit rate of 4.6% you would pay:
Payment per month – EGP 297.50 | Total charge for credit – EGP 710 | Total amount you repay – EGP 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
NBAD Auto Loans Features:
- Offered to Egyptian and Expatriates
- Large loan amount up to EGP 800,000 with flexible down payment schemes
- Loan repayment period up to 5 years
- Ability to postpone up to 2 installments per year
- Competitive interest rates
- Simple and Easy application process
- Financing new and used cars
- Free life insurance
- Valid Identification Card or Passports for residents
- Recent Utility bill
- other documents will be required based on the program you will apply for.
Representative example:
If you borrow EGP 10,000 over 3 years at a Representative APR of 4.6% fixed and an annual profit rate of 4.6% you would pay:
Payment per month – EGP 297.50 | Total charge for credit – EGP 710 | Total amount you repay – EGP 10,710
Please note, the actual rate applied to your loan will depend on your circumstances.
** 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
