We'll make the logistics easy
Free service on car license issuance and renewal for Private, Wealth and Plus segments
Features Get the car of your dreams today with the CIB Personal loan for Car Finance
Don't limit yourself
With loan amounts going up to EGP 9 millionZero down payment
No need for a bulk of money upfront, pay the amount fully in installments
Keep your mind at ease
No lien on the car sale and you can get optional car insurance
More features
Interest rates
Preferential interest rate at 26%Get the car of your dreams
Finance up to 100% of the car valueFlexible repayment
Take advantage of a flexible loan repayment period of up to 8 yearsBenefits Get the best repayment experience
Your life in safe hands
Maintain peace of mind with life insurance during your loan repayment period no matter its length
Offers on after-sales services
Make use of 0% installment plans on car after-sales services and spare parts when using CIB credit card at select car dealerships
Loan calculator Calculate an example of your loan repayment
Calculate your repayments
Enter your preferred amount and estimate your monthly payments
Start calculatingRepayment examples of typical sums borrowed
-
Borrow EGP 50,000 & repay over 8 years
EGP 619.27 per month
-
Borrow EGP 500,000 & repay over 8 years
EGP 825.70 per month
-
Borrow EGP 1 Milion & repay over 8 years
EGP 1,211.93 per month
Offers Discover the newest offers in CIB
We add new offers all the time, so remember to check back for the latest deals
Fees and charges The fees and charges associated with your Personal loan for Car finance
| Description | Fees & charges |
|---|---|
| Administration Fees on the total loan amount (paid once) | 1% |
| Assessment Fees | EGP 200 (One-time payment) |
| Service Fees |
CIB Prime: EGP 75 CIB Plus: EGP 120 CIB Wealth: EGP 200 CIB Exclusive Wealth: EGP 200 CIB Private: EGP 200 |
| Late Payment Fees | 5% on late payments |
| Early Settlement Fees | 7% of total paid amount |
| Early Settlement Fees (Buyout) | 10% of total paid amount |
| Facility Rescheduling Fees | 2% on the outstanding balance |
| Car License Renewal letter | EGP 150 |
| Car license Release Ban on sale letter | EGP 150 |
| Clearance Letter | EGP 50 |
| Government Stamp Duty (Paid Quarterly) | 0.05% on outstanding balance |
| Liability Letter Issuance Fees | EGP 50 |
| Life Insurance | Obligatory for unsecured loans |
Requirements What you need to get your Personal Loan For Car Finance
Request a Personal Loan now and we will be in touch within 48 hours
General Required Documents*:
- Copy of a valid national identification card
- Car price quotation dated and with car specifications from approved list of authorized dealers
- Income Proof:
- Salary Transfer: No additional required documents
- Self-employed with CIB Business Banking relation
- Last six months' account statement (personal or corporate)
- Original commercial register or work permit
*Possible requirement of additional documents
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