What is the financing process for purchasing a Hyundai Accent 2020 1.6L GL DAB (ABS) in Egypt?

The financing process typically involves selecting a bank, submitting an application, providing necessary documents, and awaiting approval before finalizing the purchase.

How does taking a loan for the Hyundai Accent affect my credit score?

Taking a loan can affect your credit score positively if you make timely payments, but missed payments can harm your credit score.

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

Consider the interest rates, loan tenure, monthly installments, and any additional fees that may apply.

What factors can influence the loan interest rate for my Hyundai Accent purchase?

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

Are there specific documents required for a car loan application in Egypt?

Yes, typically you will need your ID, proof of income, bank statements, and details about the vehicle.

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Hyundai Accent 2020 1.6L GL DAB (ABS) Car Loan Calculator in EGYPT

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

Monthly Payment

EGP 18,061

Down Payment

EGP 53,600

Total Cost

EGP 270,332

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	EGP 18,061	EGP 198,671
2	EGP 18,061	EGP 180,610
3	EGP 18,061	EGP 162,549
4	EGP 18,061	EGP 144,488
5	EGP 18,061	EGP 126,427
6	EGP 18,061	EGP 108,366
7	EGP 18,061	EGP 90,305
8	EGP 18,061	EGP 72,244
9	EGP 18,061	EGP 54,183
10	EGP 18,061	EGP 36,122
11	EGP 18,061	EGP 18,061
12	EGP 18,061	EGP 0

Monthly Payment Composition

Interest: 195

Principal: 17866

Hyundai Accent 2020 1.6L GL DAB (ABS) Car Loan Calculator FAQs in Egypt

The financing process typically involves selecting a bank, submitting an application, providing necessary documents, and awaiting approval before finalizing the purchase.
Taking a loan can affect your credit score positively if you make timely payments, but missed payments can harm your credit score.
Consider the interest rates, loan tenure, monthly installments, and any additional fees that may apply.
Factors include your credit history, the loan amount, the bank's policies, and the current economic conditions.
Yes, typically you will need your ID, proof of income, bank statements, and details about the vehicle.