Bank of Alexandria provides many banking services and products that meet the needs of citizens, especially those that contribute to the dream of owning a car, whether new or used, which has recently become the focus of attention of a wide segment of the Egyptian society, and from various groups, as the car has become one of the necessary needs for every family, Banks have been competing in attracting customers, offering facilities for granting loans. In this article, we will review in the coming lines the details of a car loan from Bank of Alexandria guaranteeing the job, its benefits, general and special conditions for granting the loan, the required documents, and financing programs Miscellaneous.
Car loan from the Bank of Alexandria
What are the advantages of financing for a car from Alexandria Bank with a job guarantee?
Financing from the Bank of Alexandria has the advantage of guaranteeing the job of owning a car with the following benefits:
- Funding programs for buying a car are offered to individual employees of companies operating in Egypt who wish to purchase a new or used car.
- Financing without down payment.
- Free life insurance.
- Competitive interest rate (return).
- The term of financing is up to 8 years.
- The value of the financing reaches one million Egyptian pounds.
- Financing up to 100% of the car’s value
Conditions for granting financing for car purchases, with a job guarantee from the Bank of Alexandria
Funding requirements and conditions include two types of requirements, including basic or general, and others that are, according to the financing program, salary transfer or without salary transfer. The following is an indication of that:
Funding requirements
- The borrower’s age must be between 21 and 65 years.
- The minimum period of work must not be less than 3 months.
Required Documents
- A copy of the customer’s national ID card.
- An ordered vocabulary letter.
- A recent public utility bill (gas – electricity – phone) with a date not exceeding 3 months
- A valid quote for the car.
Additional documents can be requested depending on the funding program
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