Arab African International Bank introduces the AutoLoan, the most competitive car loan in the Egyptian market, packaged with maximum benefits and services tailored to add value to our clients.
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BENEFITS
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| No power of attorney is required. |
| No keys to be kept in the bank’s custody. |
| No Guarantor required. |
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| - | Valid work’s permit in Egypt. | | - | Minimum stay in Egypt for at least 1 year at the time of loan application. | | - | Minimum monthly net income of 20000 EGP. | | - | Maximum loan amount 150000 EGP. | | - | Maximum tenor 2 years. | | - | Undertaking from company as a part of the HR letter to inform AAIB at the time of customer resignation/termination of services. | | - | All other product conditions are met. |
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| Financing up to 75% of the car’s price. |
| Minimum loan amount is 30,000 L.E. |
| Maximum loan amount is 1,000,000 L.E. |
| Extended loan duration from 6 months to 84 months. |
| Finance up to 3 new cars per individual provided income criteria are met. |
| Competitive interest rates. |
| Varity of insurance companies to choose from. |
| Free life insurance. |
GENERAL CONDITIONS
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| Opening an Account with AAIB. |
| Age is from 21 years up to 64 years (at the loan maturity). |
| Customer should be employed in the current company for at least 6 months. |
TYPES
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| Enjoy the wide range of loan types directly linked to interest rates pricing. Please click on your category for required documents |
 | Secured loans against (Time Deposits, Certificate of Deposits, Saving & Current Accounts): |
| - | ID Copy. | | - | Performa invoice. |
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| Salaried employee non-payrolled with AAIB: |
| - | 1 recent photo. | | - | ID Copy. | | - | HR Letter. | | - | Performa invoice. | | - | Last three months bank statements showing three months salary credits. | | - | Recent electricity utility bill. |
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| Salaried employee payrolled with AAIB: |
| - | 1 recent photo. | | - | ID Copy. | | - | HR Letter. | | - | Performa invoice. | | - | Recent electricity utility bill. |
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| Self employed: |
| - | 1 recent photo. | | - | ID Copy. | | - | Recent electricity utility bill. | | - | Performa invoice. | | - | Valid license of purchasing profession. | | - | 2 months individual bank statement and latest 1 year tax payment receipt of company or tax payment receipts
of the company for the last 3 years. | | - | Recent commercial register. |
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| Apply Now |