| Minimum Salary | Salary Transfer | Early Settlement Fees | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
QNB Al Ahli - Easy Auto
|
Minimum Salary: EGP 0 | Salary Transfer: Yes | Early Settlement Fees: - | Maximum Term: 7 Years | Flat Rate: 0.0% | Reducing Rate: 0.0% |
Buying a new car is easier than you think, with QNB ALHLI “Easy Auto” car loan, you can buy a new car with the simplest procedures and in the shortest time.
Benefits:
• Financing up to 100% of a brand new car
• Fixed monthly instalments throughout the loan duration
• Get your new car without spare key retention at the bank
• Best insurance offers on your financed car
• Free life insurance coverage throughout the loan duration
• Monthly admin. fees, instead of paying it upfront
• Get your new car with the family program:
- Buying a car with a partner (first-degree relative)
- Choosing a better car by combining two incomes instead of one
- The car ownership can be in name of the borrower or the partner
Features:
• Loan duration up to 84 months
• Loan amount up to EGP1,000,000
• Minimum age is 21 years and the maximum is 60 years at loan maturity
• Available for Egyptians and resident foreigners
• Applicable for QNB ALAHLI payroll, employed and self-employed clients
** 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
