New Car Loan

Overview

  • Convenient for those who hate the hassle of too much paperwork
  • Enjoy competitive pricing and minimum down payments
  • Or Pay 50% down payment upfront and get your car with minimal documentation
  • Loan amount up to EGP 500,000
  • Possible financing up to 85% of car price
  • Loan period up to 10 years in case of transferring salary or installment to the bank

A variety of down payments amounts, interest rates and tenors, which make it possible for you to customize your loan according to your needs.

Fees and Tariffs

For more information, please visit your nearest Union National Bank - Egypt branch.

Eligibility

Applicants must be:

  • For Employees with/without automatic salary transfer with Union National Bank – Egypt
  • Egyptian citizen minimum age 21 years
  • Maximum age of 60 years at loans maturity
  • Minimum 6 months with current employer
  • Minimum net monthly income starts from EGP 800
  • For Business Owners/Professions(Doctors/Pharmacists/Engineers…etc)
  • Egyptian citizen minimum age 24 years
  • Maximum age of 65 years at loans maturity
  • Business established for a minimum of 3 years

Terms and conditions

For employees

  • Copy of National Identification Card 
  • Authorized salary certificate & Salary transfer letter 
  • Recent utility bill with current address 
  • Bank statements for the past 3 months (if required)

For business owners

  • Copy of valid / renewed commercial register, not more than 6 months old
  • Personal bank statements for the past 6 months
  • Car Quotation

For professions

  • Syndicate card
  • Pharmacy/clinic/office license
  • Business bank statements for the past 6 months (if requested)
  • Car Quotation

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