What is the Raize Limited car loan in Egypt?

Raize Limited car loan is a financing option that allows you to purchase a vehicle by borrowing money from Raize Limited, which you will pay back in installments over a specified period.

How can I apply for a car loan from Raize Limited?

You can apply for a car loan from Raize Limited by visiting their website or a local branch, filling out the application form, and providing the necessary documents such as income proof and identification.

Will taking a loan affect my credit score?

Yes, taking a loan will affect your credit score. Timely payments can improve your score, while missed payments can lead to a decrease.

What should I consider when taking out a car loan?

You should consider the interest rate, loan term, monthly payments, total cost of the loan, and your ability to repay it.

What factors can affect the loan interest rate?

Factors that can affect the loan interest rate include your credit score, the loan amount, loan term, and prevailing market rates.

CarteaCar Loan Calculator

Raize Limited Car Loan Calculator in EGYPT

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

Monthly Payment

EGP 66,822

Down Payment

EGP 198,311

Total Cost

EGP 1,000,175

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	EGP 66,822	EGP 735,042
2	EGP 66,822	EGP 668,220
3	EGP 66,822	EGP 601,398
4	EGP 66,822	EGP 534,576
5	EGP 66,822	EGP 467,754
6	EGP 66,822	EGP 400,932
7	EGP 66,822	EGP 334,110
8	EGP 66,822	EGP 267,288
9	EGP 66,822	EGP 200,466
10	EGP 66,822	EGP 133,644
11	EGP 66,822	EGP 66,822
12	EGP 66,822	EGP 0

Monthly Payment Composition

Interest: 719

Principal: 66103

Raize Limited Car Loan Calculator FAQs in Egypt

Raize Limited car loan is a financing option that allows you to purchase a vehicle by borrowing money from Raize Limited, which you will pay back in installments over a specified period.
You can apply for a car loan from Raize Limited by visiting their website or a local branch, filling out the application form, and providing the necessary documents such as income proof and identification.
Yes, taking a loan will affect your credit score. Timely payments can improve your score, while missed payments can lead to a decrease.
You should consider the interest rate, loan term, monthly payments, total cost of the loan, and your ability to repay it.
Factors that can affect the loan interest rate include your credit score, the loan amount, loan term, and prevailing market rates.