What are the eligibility criteria for a car loan for the Ferrari 296 GTS 2024 in Egypt?

To be eligible for a car loan in Egypt, you typically need to be at least 21 years old, have a steady income, and provide necessary documents such as ID, proof of income, and bank statements.

How does taking out a loan for the Ferrari 296 GTS affect my credit score in Egypt?

Taking out a loan can initially lower your credit score due to the hard inquiry, but if you make timely payments, it can improve your credit score over time.

What should I consider before applying for a car loan for the Ferrari 296 GTS?

Consider the total cost of the loan including interest rates, the loan term, your monthly budget, and any additional fees associated with the loan.

What factors influence the interest rate on a car loan in Egypt?

Factors include your credit score, the bank's policies, current economic conditions, and the loan amount and term.

Can I refinance my car loan for the Ferrari 296 GTS later?

Yes, you can refinance your car loan later to take advantage of lower interest rates or to adjust your monthly payments.

CarteaCar Loan Calculator

Ferrari 296 GTS 2024 3.0T V6 PHEV Car Loan Calculator in EGYPT

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

Monthly Payment

EGP 872,378

Down Payment

EGP 2,589,000

Total Cost

EGP 13,057,536

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	EGP 872,378	EGP 9,596,158
2	EGP 872,378	EGP 8,723,780
3	EGP 872,378	EGP 7,851,402
4	EGP 872,378	EGP 6,979,024
5	EGP 872,378	EGP 6,106,646
6	EGP 872,378	EGP 5,234,268
7	EGP 872,378	EGP 4,361,890
8	EGP 872,378	EGP 3,489,512
9	EGP 872,378	EGP 2,617,134
10	EGP 872,378	EGP 1,744,756
11	EGP 872,378	EGP 872,378
12	EGP 872,378	EGP 0

Monthly Payment Composition

Interest: 9378

Principal: 863000

Ferrari 296 GTS 2024 3.0T V6 PHEV Car Loan Calculator FAQs in Egypt

To be eligible for a car loan in Egypt, you typically need to be at least 21 years old, have a steady income, and provide necessary documents such as ID, proof of income, and bank statements.
Taking out a loan can initially lower your credit score due to the hard inquiry, but if you make timely payments, it can improve your credit score over time.
Consider the total cost of the loan including interest rates, the loan term, your monthly budget, and any additional fees associated with the loan.
Factors include your credit score, the bank's policies, current economic conditions, and the loan amount and term.
Yes, you can refinance your car loan later to take advantage of lower interest rates or to adjust your monthly payments.