On many occasions we wish we had a car to tun errands or get to work on time but we end up using public transportation or Uber and as a result can increase the time wasted on the commute. Which is why owning a car has become essential for many and even when we can’t afford to pay full price, we have the option of getting a car loan.
It is a type of loan offered by banks where the car itself is the collateral for the loan. A car loan’s duration starts at 1 year and up to 7 years.
If you have car insurance you can repair your car at the insurance company’s designated auto repair centers.
It is a method to insure a car loan. The bank or loaning authority uses this type of insurance to make sure their rights are safeguarded in case the loan defaults.
Insure your car with Faydety now!
The Financial Regulatory Authority Registration Number: 105
Contact And Complaints : 01003866521
Claims : 201003916623
Email : [email protected]
If you are unsatisfied with our services, you are entitled to issue a complaint with the Egyptian Financial Regulatory Authority (FRA) in person or online through their website www.fra.gov.eg
Faydety insurance brokerage website is approved by the FRA on 01/09/2021