What are the eligibility requirements for a car loan for a Nissan Sunny 2018 1.5 SL in Egypt?

To qualify for a car loan, you typically need to be at least 21 years old, have a steady income, and provide necessary documentation such as ID, proof of residence, and income statements.

How do I apply for a car loan for a Nissan Sunny 2018 1.5 SL in Egypt?

You can apply for a car loan through banks or financial institutions in Egypt. Typically, you will need to fill out an application form, submit required documents, and wait for approval.

Will taking a car loan affect my credit score in Egypt?

Yes, taking a car loan can affect your credit score. Timely payments can enhance your score, while missed payments can lower it.

What should I be aware of when taking a car loan for a Nissan Sunny 2018 1.5 SL?

Be aware of the interest rates, loan terms, down payment requirements, and any additional fees associated with the loan.

What factors can affect the loan interest rate for a car loan in Egypt?

Factors include your credit score, the loan amount, the loan term, and the current economic conditions in Egypt.

CarteaCar Loan Calculator

Nissan Sunny 2018 1.5 SL Car Loan Calculator in EGYPT

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

Monthly Payment

EGP 12,805

Down Payment

EGP 38,000

Total Cost

EGP 191,660

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	EGP 12,805	EGP 140,855
2	EGP 12,805	EGP 128,050
3	EGP 12,805	EGP 115,245
4	EGP 12,805	EGP 102,440
5	EGP 12,805	EGP 89,635
6	EGP 12,805	EGP 76,830
7	EGP 12,805	EGP 64,025
8	EGP 12,805	EGP 51,220
9	EGP 12,805	EGP 38,415
10	EGP 12,805	EGP 25,610
11	EGP 12,805	EGP 12,805
12	EGP 12,805	EGP 0

Monthly Payment Composition

Interest: 139

Principal: 12666

Nissan Sunny 2018 1.5 SL Car Loan Calculator FAQs in Egypt

To qualify for a car loan, you typically need to be at least 21 years old, have a steady income, and provide necessary documentation such as ID, proof of residence, and income statements.
You can apply for a car loan through banks or financial institutions in Egypt. Typically, you will need to fill out an application form, submit required documents, and wait for approval.
Yes, taking a car loan can affect your credit score. Timely payments can enhance your score, while missed payments can lower it.
Be aware of the interest rates, loan terms, down payment requirements, and any additional fees associated with the loan.
Factors include your credit score, the loan amount, the loan term, and the current economic conditions in Egypt.