Your Dream Car With A Job As Collateral and No Down Payment?

Publish Date: 04 Jul 2022

Finance Today

Your Dream Car With A Job As Collateral and No Down Payment?

What are the required documents to get the loan?

Alex Bank is offering an amazing opportunity to its clients; a car loan with no other collateral than their job. This is one of the various financing solutions offered by Alex Bank. 


This loan is designed so that you can buy your dream car and is one of the car financing programmes offered to employees in Egyptian companies who wish to buy a new or used car.


How are bank loans and car insurance connected? Find out more here


The loan’s key features:


  • Zero down payment
  • Life insurance
  • Competitive prices


Also read: What is a Car Loan and How to Apply for One?


  • Loan duration: 8 years
  • Loan amount: up to 1,000,000 EGP
  • The loan can cover up to 100% of the car price


Loan requirements:


  • Client’s age: between 21 and 65 years old
  • Minimum employment duration: three months


Find and compare the best car loans for new and used cars here


Required documentation:


  • Copy of national ID card
  • Salary statement
  • Recent utility bill (gas-electricity-phone) no older than three months
  • Valid car price quote
  • Additional documentation may be required according to the financing programme


More on the Employed Customers Auto Loan offered by Alex Bank here

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