Features Get the car of your dreams today with the CIB Personal loan for Car Finance

Car finance loan Showcase source

Don't limit yourself

With loan amounts going up to EGP 8 million

Zero 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

Competitive interest rates

Preferential and competitive interest rates ranging from 22% to 25.75%

Get the car of your dreams

Finance up to 100% of the car value

Flexible repayment

Take advantage of a flexible loan repayment period of up to 8 years

Benefits Get the best repayment experience

We'll make the logistics easy

Free service on car license issuance and renewal for Private, Wealth and Plus segments

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 calculating

Repayment examples of typical sums borrowed

  • Borrow EGP 30,000 & repay over 8 years

    EGP 619.27 per month

  • Borrow EGP 40,000 & repay over 8 years

    EGP 825.70 per month

  • Borrow EGP 60,000 & 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 EGP 50 (Monthly)
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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