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MG 6 2023 1.5T COM Car Loan Calculator in EGYPT

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

Monthly Payment

EGP 57,283

Down Payment

EGP 170,000

Total Cost

EGP 857,396

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	EGP 57,283	EGP 630,113
2	EGP 57,283	EGP 572,830
3	EGP 57,283	EGP 515,547
4	EGP 57,283	EGP 458,264
5	EGP 57,283	EGP 400,981
6	EGP 57,283	EGP 343,698
7	EGP 57,283	EGP 286,415
8	EGP 57,283	EGP 229,132
9	EGP 57,283	EGP 171,849
10	EGP 57,283	EGP 114,566
11	EGP 57,283	EGP 57,283
12	EGP 57,283	EGP 0

Monthly Payment Composition

Interest: 617

Principal: 56666

MG 6 2023 1.5T COM Car Loan Calculator FAQs in Egypt

In Egypt, you can choose between various financing options such as bank loans, dealership financing, and personal loans.

Taking out a loan can affect your credit score positively or negatively, depending on your repayment behavior. Timely payments can improve your score, while missed payments can harm it.

Consider your budget, the total cost of the loan, interest rates, loan terms, and your ability to make monthly payments before applying.

Factors include your credit score, the loan amount, the duration of the loan, and the current economic conditions.

The loan approval process can take anywhere from a few hours to several days, depending on the bank and the completeness of your application.