You can now buy a new car by using Al Baraka Bank's Auto Finance, for financing new cars through the simplest procedures and in the shortest time.
It's your 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
- Auto Finance Minimum Down Payment: 20% to 50%.
- Finance amounts: Up to EGP 1 million.
- Tenor: Up to 84 months.
- Debt burden ratio: 50% of net income.
- Competitive Rates.
- Sharia-Compliant: Al Baraka Bank’s auto finance complies to sharia principles (Murabaha).
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Required Documents
Auto Finance requires:
- Valid National ID (for Egyptians).
- 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
Al Baraka Bank’s auto finance is eligble to:
- 21-60 years (employed).
- 65 years (self-employed).
For more information fill out the form below and one of Al Baraka Bank’s representatives will contact you.