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Suzuki Ertiga 2021 1.5L GLX Car Loan Calculator in EGYPT

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

select car *

car price (EGP)*

down payment *
%
Loan Period (years) *
Y
interest rate *
%
calculate

Monthly Payment

EGP 224,294

Down Payment

EGP 55,980

Total Cost

EGP 280,274

Car Loan Monthly Installments Schedule

Repayment ScheduleMonthly RepaymentRemaining repayment amount
1EGP 224,294EGP 0

Monthly Payment Composition

Interest: 374
Principal: 223920

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.