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You can now buy a new car by using alBaraka 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
alBaraka Bank Egypt B.S.C. (C) All rights reserved

 

    • 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)

    • 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.

    • Age from 21-60 years employed and 65 years self-employed.


    Terms and conditions apply

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