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Automobile Loan


- A program that grants you a finance reaching 85% of the value of the new automobile.


- Settlement terms that reach 7 years in case of transferring monthly salary or installment to the bank. If this procedure is not made available, the loan is settled within a term of 6 years for civil servants and 5 years for businessmen and holders of free professions.


- The maximum value of finance that may be granted is determined in light of the net income documentarily substantiated to the bank. The installment is calculated at the maximum of 35% of the 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 installment in case the bank requests the foregoing.


- Regarding businessmen or holders of free

professions :


1. Commercial Register.

2. Certificate of income from chartered accountant.

3. Whatever attests the tax position.