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Frequently Asked Questions

Car Loan No Income Proof FAQs

What is the loan tenor?

We offer car financing for period up to 60 months. 

What is the minimum finance amount?

The minimum finance amount is EGP15, 000

What is the maximum loan amount I can get?

Maximum loan is EGP 500,000.

How much is the minimum down payment?

The minimum Down payment would be 50% from car value

What are the required documents?

  • A Completed application form
  • Copy of valid national ID for Egyptians (Copy of valid passport for Expatriates)
  • Recent utility bill for the current residence
  • Performa invoice
  • Life insurance applications 

Does the car insurance cover the loan amount or the car value?

The car insurance covers 100% of the car value.

what is the maximum debt burden in this program?

No debt burden calculation in no income proof financing program  

Can I get the car from any other car dealer or just the National Bank of Greece authorized dealers?

National Bank of Greece has a vast network of authorized dealers for the convenience of their valuable customers. You can get the car from these authorized dealers only. 

How do I find out if I' m approved?

Once you submit all the required documents we will contact you by phone within 24 hours if you are approved for our Auto loan. You will then have to come to the bank / branch and sign the contract and the checks and disburse the down payment.

How can I receive my car?

As soon as:

  • Disburse the down payment
  • Sign loan contract and checks
  • The bank issues a letter to the vendor to deliver the car to you and the vendor will get the car value based on providing the following:
    • Car Insurance in favor of the bank
    • Car license with the prohibition on car of sale in favor of the bank
    • Car traffic letter with prohibition on sale in favor of NBG