Mashreq Bank Egypt Introduces Flexible Car Financing Solutions for 2026
Mashreq Bank Egypt has announced a competitive car financing program for 2026, offering customers an opportunity to own their dream vehicle with flexible terms, streamlined procedures, and attractive borrowing benefits. The bank provides car loans of up to EGP 1 million, along with tailored repayment plans designed to suit diverse income levels and purchasing needs.
Key Features of Mashreq Bank’s 2026 Car Loan
Financing up to EGP 1 million, suitable for a wide range of car models and budgets.
Flexible repayment periods of up to 72 months, enabling customers to distribute installments comfortably across their income cycle.
Competitive interest rates, among the most attractive in the Egyptian auto financing market.
One year of free car insurance, included within the financing package to enhance safety and peace of mind.
Fast approvals and simplified procedures, allowing customers to receive their vehicles quickly without administrative complications.
Required Documents for Car Loan Applications
To apply for the car loan, customers need to provide:
A valid national ID card.
A verified HR letter for salaried employees.
A bank statement for the last three months, with salary transfer.
For self-employed customers: a valid commercial registration and tax card.
Eligibility Criteria for Mashreq Bank’s Car Loan
A minimum monthly income of EGP 6,000.
Employment duration of at least six months, or confirmed employment status with the current employer.
The employer does not need to be listed as an approved company with Mashreq Bank, offering greater flexibility and wider eligibility.
What Is the Minimum Salary Required for Mashreq Car Financing?
Mashreq requires a minimum monthly salary of EGP 6,000 to qualify for its car loan program.
Upfront Costs for Mashreq Car Financing
Initial expenses include:
Administrative fees
Insurance fees
Loan Tenure for Expat Personal Loans
For expatriates, Mashreq offers personal loan repayment periods ranging from:
6 months minimum
Up to 48 months maximum, while employees of the Ministry of Defense may benefit from repayment terms of up to 60 months
Interest Rate Structure
Mashreq offers competitive, declining balance interest rates for personal and auto financing solutions. Interested customers can apply or obtain more details directly through Mashreq Bank’s customer service channels.