Car loan from the Bank of Alexandria—
Realizing the dream of owning a new car is an enjoyable but not easy place, especially when it is related to the availability of cash liquidity that achieves that dream, so banks are racing and competing with each other in order to attract a number of customers by offering competitive banking products, including car loans, and is considered Bank of Alexandria is one of the banks operating in Egypt that competes in this field, and in this article we will review the advantages of a car loan from the Bank of Alexandria for early pensioners, the value of financing, conditions and documents required to obtain the loan to purchase a new car, where Bank of Alexandria is considered one of the best sons Which gives car loans to ease procedures and flexibility in handling.
Car loan from the Bank of Alexandria
What are the advantages of car loans from the Bank of Alexandria?
The loan from the Bank of Alexandria to acquire a new car has a number of advantages, which are as follows:
- The bank grants a car loan to Egyptian customers with early pensions, so that their monthly pension will be transferred directly to Bank of Alexandria.
- The term of the loan (loan) is 7 years.
- The loan is granted at competitive rates and fees.
- The minimum financing value is 15,000 Egyptian pounds, while the maximum amount reaches one million Egyptian pounds.
- The value of the car provider is 10%.
- A guarantor is not required.
- The borrower gets free life insurance.
Car loan terms
To obtain financing for a car purchase, the following conditions must be met:
- The minimum monthly pension must be 1,000 Egyptian pounds
- Transferring the monthly pension to the Bank of Alexandria
- The client must be between the minimum age of 21 and a maximum of 60 years.
The documents required to grant a car loan
The customer wishing to obtain a car loan must attach his request to the following documents:
- A completed application form for all required data.
- A copy of the national ID card.
- A recent certificate of monthly pension.
- A receipt for a recent utility bill (telephone, electricity or gas), provided that it is no more than three months old
- Pension Transfer Certificate.
- A quote addressed to the Bank of Alexandria
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