What are the loan options available for purchasing a Hyundai Accent 2019 1.6L GL in Egypt?

In Egypt, you can choose from various banks that offer car loans with different interest rates, repayment terms, and conditions. It's important to compare these options to find the best fit for your financial situation.

How does taking a car loan affect my credit score in Egypt?

Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can harm your score. It's essential to manage your repayments responsibly.

What documents do I need to apply for a car loan for Hyundai Accent in Egypt?

You typically need to provide your ID, proof of income, bank statements, and sometimes a down payment. Each bank may have specific requirements, so check with your lender.

What factors can affect the interest rate of my car loan in Egypt?

Factors that can affect your car loan interest rate include your credit score, income level, the loan amount, and the bank's policies. A higher credit score often results in a lower interest rate.

Are there any hidden fees associated with car loans in Egypt?

Yes, some banks may charge processing fees, insurance fees, or early repayment penalties. Always read the loan agreement carefully and ask your lender about any potential fees.

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Hyundai Accent 2019 1.6L GL Car Loan Calculator in EGYPT

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

Monthly Payment

EGP 17,185

Down Payment

EGP 51,000

Total Cost

EGP 257,220

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	EGP 17,185	EGP 189,035
2	EGP 17,185	EGP 171,850
3	EGP 17,185	EGP 154,665
4	EGP 17,185	EGP 137,480
5	EGP 17,185	EGP 120,295
6	EGP 17,185	EGP 103,110
7	EGP 17,185	EGP 85,925
8	EGP 17,185	EGP 68,740
9	EGP 17,185	EGP 51,555
10	EGP 17,185	EGP 34,370
11	EGP 17,185	EGP 17,185
12	EGP 17,185	EGP 0

Monthly Payment Composition

Interest: 185

Principal: 17000

Hyundai Accent 2019 1.6L GL Car Loan Calculator FAQs in Egypt

In Egypt, you can choose from various banks that offer car loans with different interest rates, repayment terms, and conditions. It's important to compare these options to find the best fit for your financial situation.
Taking a car loan can impact your credit score positively if you make timely payments. However, missing payments can harm your score. It's essential to manage your repayments responsibly.
You typically need to provide your ID, proof of income, bank statements, and sometimes a down payment. Each bank may have specific requirements, so check with your lender.
Factors that can affect your car loan interest rate include your credit score, income level, the loan amount, and the bank's policies. A higher credit score often results in a lower interest rate.
Yes, some banks may charge processing fees, insurance fees, or early repayment penalties. Always read the loan agreement carefully and ask your lender about any potential fees.