What are the general loan terms for financing a Suzuki Ertiga 2021 1.5L GLX in Egypt?

The general loan terms typically range from 1 to 7 years, with interest rates varying between 10% to 15% depending on the bank and your credit score.

How can I apply for a car loan for the Suzuki Ertiga 2021 in Egypt?

You can apply for a car loan by visiting your chosen bank's branch, filling out an application form, and providing necessary documents like ID, salary slips, and proof of residence.

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

Yes, taking a car loan may temporarily decrease your credit score due to the hard inquiry, but timely payments can improve it over time.

What should I consider before taking out a loan for the Suzuki Ertiga 2021?

You should consider your monthly budget, the total cost of the loan including interest, and whether you can afford the monthly repayments without straining your finances.

What factors influence the loan interest rates for car loans in Egypt?

Factors include your credit score, the loan amount, the loan tenure, and the overall economic conditions in Egypt.

CarteaCar Loan Calculator

Suzuki Ertiga 2021 1.5L GLX Car Loan Calculator in EGYPT

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

Monthly Payment

EGP 18,863

Down Payment

EGP 55,980

Total Cost

EGP 282,336

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	EGP 18,863	EGP 207,493
2	EGP 18,863	EGP 188,630
3	EGP 18,863	EGP 169,767
4	EGP 18,863	EGP 150,904
5	EGP 18,863	EGP 132,041
6	EGP 18,863	EGP 113,178
7	EGP 18,863	EGP 94,315
8	EGP 18,863	EGP 75,452
9	EGP 18,863	EGP 56,589
10	EGP 18,863	EGP 37,726
11	EGP 18,863	EGP 18,863
12	EGP 18,863	EGP 0

Monthly Payment Composition

Interest: 203

Principal: 18660

Suzuki Ertiga 2021 1.5L GLX Car Loan Calculator FAQs in Egypt

The general loan terms typically range from 1 to 7 years, with interest rates varying between 10% to 15% depending on the bank and your credit score.
You can apply for a car loan by visiting your chosen bank's branch, filling out an application form, and providing necessary documents like ID, salary slips, and proof of residence.
Yes, taking a car loan may temporarily decrease your credit score due to the hard inquiry, but timely payments can improve it over time.
You should consider your monthly budget, the total cost of the loan including interest, and whether you can afford the monthly repayments without straining your finances.
Factors include your credit score, the loan amount, the loan tenure, and the overall economic conditions in Egypt.