Car Loan
Enjoy our Automobile Loan to get your dream automobile.
- A program that could grant you a loan reaching up to 85% of the value of the new automobile.
- Our settlement terms reach up to 7 years in case of transferring your monthly salary or instalment to the bank. If this process is unavailable, then the loan is settled within 6 years term for the civil servants and 5 years for businessmen and holders of free professions.
- The maximum value of the loan that could be granted is determined according to your net income documented to the bank. The installment is calculated at the maximum of 35% of your monthly income after deducting taxes and insurances.
Required documents:
- 1. Quotation authenticated by one of the authorized agents or dealers.
- 2. National no. card.
- 3. Gas, electricity, or telephone receipt.
- 4. Residence lease or property contract.
- 5. Authenticated statement of salary particulars.
- 6. Approval to transfer the salary, pension, or instalment in case the bank requests the foregoing.
Regarding businessmen or holders of free professions:
- 1. Commercial Register.
- 2. Certificate of income from a chartered accountant.
- 3. Whatever attests the tax position.