Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
QNB Al Ahli - Used Car Loan QNB Al Ahli - Used Car Loan Minimum Salary: EGP 0 Salary Transfer: Yes Early Settlement Fees: - Maximum Term: 5 Years Flat Rate: 0.0% Reducing Rate: 0.0%
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With the substantial increase in new car prices nowadays it is becoming harder to buy a new car with affordable prices, that’s why QNB ALAHLI offers you the solution that allows you to finance the car of your dreams even if it is used, with the simplest procedures.

 

Benefits

 
• Financing up to 75% of the used car value
• Enjoy a competitive interest rate
• Free life insurance coverage throughout the loan duration
• Attractive car insurance offers on your financed used car
• Automatic deduction of the instalments either from your current or checking account
 
 

Features

 
• Loan duration up to 60 months
• Loan value could reach up to EGP 600,000
• Minimum age is 21 years and maximum 60 years at loan maturity
• Available for Egyptians only
• Available for existing employed, self-employed and QNB ALAHLI payroll clients
 
 

Used car criteria

 
• Financing any car brand (except Chinese brands)
• Maximum car manufacturing date: 4 years back
• Minimum down payment: 25% of used car value
 
** 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.
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