What are the eligibility requirements for a car loan for a Hyundai Accent 2021 1.4L Smart Plus in Egypt?

To be eligible for a car loan, you generally need to be at least 21 years old, have a stable income, and provide identification documents and proof of residence.

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

Taking a car loan can affect your credit score positively if you make timely payments, but late payments can negatively impact your score.

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

Consider the interest rate, loan term, monthly payments, and any additional fees associated with the loan.

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

The typical interest rate for a car loan in Egypt usually ranges from 10% to 20%, depending on the lender and your credit profile.

What documents do I need to provide for a car loan application in Egypt?

You typically need to provide identification, proof of income, proof of residence, and details of the vehicle you intend to purchase.

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Hyundai Accent 2021 1.4L Smart Plus Car Loan Calculator in EGYPT

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

Monthly Payment

EGP 16,033

Down Payment

EGP 47,580

Total Cost

EGP 239,976

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	EGP 16,033	EGP 176,363
2	EGP 16,033	EGP 160,330
3	EGP 16,033	EGP 144,297
4	EGP 16,033	EGP 128,264
5	EGP 16,033	EGP 112,231
6	EGP 16,033	EGP 96,198
7	EGP 16,033	EGP 80,165
8	EGP 16,033	EGP 64,132
9	EGP 16,033	EGP 48,099
10	EGP 16,033	EGP 32,066
11	EGP 16,033	EGP 16,033
12	EGP 16,033	EGP 0

Monthly Payment Composition

Interest: 173

Principal: 15860

Hyundai Accent 2021 1.4L Smart Plus Car Loan Calculator FAQs in Egypt

To be eligible for a car loan, you generally need to be at least 21 years old, have a stable income, and provide identification documents and proof of residence.
Taking a car loan can affect your credit score positively if you make timely payments, but late payments can negatively impact your score.
Consider the interest rate, loan term, monthly payments, and any additional fees associated with the loan.
The typical interest rate for a car loan in Egypt usually ranges from 10% to 20%, depending on the lender and your credit profile.
You typically need to provide identification, proof of income, proof of residence, and details of the vehicle you intend to purchase.