Auto Loans

Auto Loans

Financing for Purchasing New Private Passenger Vehicles

Now get your auto loan from SAIB without difficulties and enjoy the following advantages:

Advantages:

  • Financing up to 85% of vehicle value
  • Payment facilities with installments up to 84 months
  • Various programs to satisfy all of the customer’s needs
  • Possibility of getting the loan with NO Vehicle prohibition of sale
  • Financing up to 700,000 EGP
  • Islamic Financing Programs are available (AUTO MURABAHA) using the MURABAHA Islamic mechanism.
  • Financing the purchase of used vehicles.

Borrower Categories

  • Employees (Public Sector / Private Sector)
  • Businessmen
  • Professionals

Conditions Required from the Applicants:

Employees:

  • Nationality : Egyptian
  • Age : Minimum age of 23 years old and maximum age of 60 years old at the end of the financing payment period.
  • Total monthly income : not to be less than 1,500 EGP.
  • Employment period with the current employer : not to be less than ONE Year.

Businessmen & Professionals:

  • Nationality : Egyptian
  • Age : Minimum age of 25 years old and maximum age of 65 years old at the end of the financing payment period.

Required Documents:

General Documents:

  • A valid National ID Card.
  • Recent Utility Bill ( water/gas/electricity) doesn’t exceed 3 months.
  • Vehicle price quotation with all details related to the vehicle accessories from the car dealer or agency.
  • Income Proof Documents.

Documents based on the Applicants’ Category:

Businessmen :

  • Valid Commercial register.
  • A valid Taxation card.

Professionals:

  • License to practice.
  • Operation license.
  • A valid Taxation Card.

 

All Terms and Conditions shall apply.