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Car loan calculator Egypt 2026

Monthly car loan instalment in Egypt at a declining (reducing-balance) rate. Free; everything is calculated on your device.

Leave 0 if the bank finances 100%.
Usually up to 7 years; some banks up to 10.
Type the rate your bank offers you; 22% is only an example.
To compare the instalment with the 50% of income limit.
In shortFinancing EGP 1,000,000 over 5 years at a declining 20% a year costs about EGP 26,494 a month, and at 25% about EGP 29,352. The Central Bank of Egypt caps all consumer-loan instalments, car loans included, at 50% of your monthly income.

Monthly instalment for EGP 500,000 or 1,000,000

Declining rate, no fees. The rates are examples, not a specific bank's offer; loan rates can change after any Central Bank meeting.

Financed (EGP) and rate3 years5 years7 years
500,000 at 20%18,58213,24711,104
500,000 at 25%19,88014,67612,656
1,000,000 at 20%37,16426,49422,207
1,000,000 at 25%39,76029,35225,312

How it is calculated

Financed amount = car price − down payment. The instalment uses the standard loan formula at a declining rate, charged each month on what is still owed. The calculator shows the instalment, the total interest and everything you pay including the down payment and fees.

Income limit: Central Bank of Egypt rules (December 2019) cap all consumer-loan instalments, including a car loan, at 50% of your monthly income, together with any other instalments you pay.

Down payment and term: there is no single minimum down payment set by the Central Bank. Some banks advertise up to 100% financing and terms up to 10 years in some programmes (often with salary transfer); others ask for 20% to 50% down and up to 7 years. Also ask about car insurance, life insurance and early-repayment fees.

If the offer says “flat rate”, its real (declining) rate is much higher: use the loan and instalment calculator (Arabic) to convert it.

FAQ

How much is the instalment on a EGP 1 million car loan over 5 years?

At a declining 20% a year about EGP 26,494 a month; at 25% about EGP 29,352. Type your bank's rate in the calculator.

What is the minimum down payment for a car loan in Egypt?

There is no single minimum from the Central Bank. Some banks finance up to 100% (often with salary transfer); others ask for 20%, 30% or more depending on the programme.

Why would the bank refuse my car loan?

Most often because all your instalments together would exceed 50% of your monthly income. A larger down payment or a longer term lowers the instalment.

More calculators in English: Net salary calculator • Mortgage calculator • Gold calculator • Zakat calculator. This calculator in Arabic.

Sources

  1. Masrawy: CBE raises the consumer-loan instalment cap (cars included) to 50% of income, 22 December 2019 (Arabic)
  2. Banque Misr: consumer and car loans
  3. Suez Canal Bank: auto loans
  4. Banker: National Bank of Egypt car loan terms, 15 October 2026 (Arabic)
  5. Banker: CBE keeps rates at 19% and 20%, 20 August 2026 (Arabic)