You can now buy a new car by using Al Baraka Bank's program for Financing New Cars through the simplest procedures and in the shortest time. It's a great chance to own your dream car.
Terms and Conditions Apply
Al Baraka Bank Egypt B.S.C. (C) All rights reserved
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Features
- Minimum down payment 20% to 50%.
- Finance amounts up to 1 million EGP.
- Tenor up to 84 months.
- Debt burden ratio 50% of net income.
- Competitive rates.
- Sharia based product (MURABHA)
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Required Documents
- Valid National ID (for Egyptians).
- Valid passport/Valid Residency Permit (for foreigners).
- Recent Utility Bill (phone-electricity-gas- etc.).
- Car price quotation from accredited auto vendor.
Proof of Income for employed
- Salary Transfer : An undertaking approved by our bank to transfer salary or installment + a recent income certificate.
- Non-Salary Transfer – 6 months statement (personal) or recent HR letter certified by a bank signature or eagle stamp that has not been older than a month.
Proof of Income for self-employed
- 6 months statement personal or corporate.
- Recent commercial register & Valid tax card.
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Eligibility
- Age from 21-60 years employed and 65 years self-employed.
Terms and conditions apply