What are the main requirements for obtaining a car loan for the Renault Megane 2021 1.3T Signature A/T in Egypt?

The main requirements typically include proof of income, a valid ID, residency proof, and a credit score check.

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

Taking a car loan can impact your credit score positively if you make timely payments, but missing payments can lower it.

Consider your budget, the total cost of the loan including interest, and the loan term before applying.

Interest rates can be affected by your credit score, loan term, market conditions, and bank policies.

Typical loan terms range from 1 to 5 years for car loans in Egypt.

CarteaCar Loan Calculator

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

EGP 25,879

EGP 76,800

EGP 387,348

Interest: 279

Principal: 25600

The main requirements typically include proof of income, a valid ID, residency proof, and a credit score check.
Taking a car loan can impact your credit score positively if you make timely payments, but missing payments can lower it.
Consider your budget, the total cost of the loan including interest, and the loan term before applying.
Interest rates can be affected by your credit score, loan term, market conditions, and bank policies.
Typical loan terms range from 1 to 5 years for car loans in Egypt.