What is the process for obtaining a car loan for the Changan Alsvin 2021 1.5L L2 in Egypt?

The process typically involves selecting the vehicle, submitting a loan application with required documents, undergoing credit evaluation, and signing the loan agreement.

Will taking a car loan for the Changan Alsvin 2021 affect my credit score?

Yes, taking a car loan can affect your credit score positively or negatively depending on your repayment history.

What factors should I consider when applying for a car loan in Egypt?

Consider your income, credit score, loan terms, interest rates, and the total cost of the vehicle including insurance.

What is the average interest rate for a car loan in Egypt?

The average interest rate for a car loan in Egypt can range from 10% to 20% depending on the bank and your credit profile.

What are the risks involved in taking a car loan?

Risks include the possibility of defaulting on repayments, which can lead to repossession of the vehicle and damage to your credit score.

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Changan Alsvin 2021 1.5L L2 Car Loan Calculator in EGYPT

To finance this car, you can first calculate the installment price in EGYPT

Monthly Payment

EGP 10,918

Down Payment

EGP 32,400

Total Cost

EGP 163,416

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	EGP 10,918	EGP 120,098
2	EGP 10,918	EGP 109,180
3	EGP 10,918	EGP 98,262
4	EGP 10,918	EGP 87,344
5	EGP 10,918	EGP 76,426
6	EGP 10,918	EGP 65,508
7	EGP 10,918	EGP 54,590
8	EGP 10,918	EGP 43,672
9	EGP 10,918	EGP 32,754
10	EGP 10,918	EGP 21,836
11	EGP 10,918	EGP 10,918
12	EGP 10,918	EGP 0

Monthly Payment Composition

Interest: 118

Principal: 10800

Changan Alsvin 2021 1.5L L2 Car Loan Calculator FAQs in Egypt

The process typically involves selecting the vehicle, submitting a loan application with required documents, undergoing credit evaluation, and signing the loan agreement.
Yes, taking a car loan can affect your credit score positively or negatively depending on your repayment history.
Consider your income, credit score, loan terms, interest rates, and the total cost of the vehicle including insurance.
The average interest rate for a car loan in Egypt can range from 10% to 20% depending on the bank and your credit profile.
Risks include the possibility of defaulting on repayments, which can lead to repossession of the vehicle and damage to your credit score.