CIB>>Business>>Business Banking>>Fleet Financing Program

Fleet Financing Program

​​​​​​​​​​​​​​Business Banking is introducing the Fleet Finance program as the perfect solution for your company to own and renew your transportation fleet with the simplest procedures to double the size of your business and profits. Worth to mention that transportation is an influential pillar in the development of the economic cycle for the small and medium enterprises.

The effective logistics management is one of the most important success factors for any company, accordingly this strategic program you simplified and streamlined solutions to own your transportation fleet through credit facilities that suit your needs, positively affect the growth of your business and your daily activities.

The program provides financing of the needs of the company regarding different means of transportation including but not limited to all kinds of buses, trucks, heavy Equipment and passenger cars that serve the company's activity.

For your convenience, we offer you two financing options with the flexibility of choosing either of them based on your request as follows:

1-      Income Proof Program:

Loan Amount CalculationWill be decided upon net income calculated from the Last recent 12 months company bank statements
Debt Burden Ratio 50%
Loan AmountUp to LE 1.5M, regardless number of cars
Loan To Value % (From Vehicle Price)Up to 65%
Loan TenorMinimum 1 year & up to 4 years

 

2-      Finance Program:

Loan Amount CalculationWill be decided upon analyzing the company's last 3 years audited financial statements, following simplified ratios
Loan AmountUp to LE 5M, regardless number of cars
Loan To Value % (From Vehicle Price)Up to 70%
Loan TenorMinimum 1 year & up to 4 years

CIB Business Banking appreciates the importance of your time and its value for your business growth, therefore we offer you the chance to apply for the Business Banking Fleet Finance program now and enjoy our unique turnaround time and easy approval process.

 

Looking forward to being your closest partner in success!

 

Please send an email to the below address with your contacts and a CIB representative will contact you within 2 days

​business.banking@cibeg.com​

 

*Terms and conditions apply​