Mashreq Offers Egypt Clients to Pay Car Insurance in Installments

As part of Mashreq Egypt’s commitment to the Egyptian market and the bank’s keenness to provide all that’s new and exciting, the Bank will be offering for the first time in Egypt the option of not only allowing its customers to finance their car, but also pay for the first year of their car insurance through monthly installments.

Mashreq Bank not only offers the best auto loans and the fastest approvals , it is first and pioneer the only bank that is offering customers to pay for the first year of their car insurance in installments along with their car installments.

Mashreq Egypt’s auto lending success is largely due to the value and convenience it offers, showcasing the bank’s promise to provide products and services that are convenient and beneficial to their customers. Tailored to meet the needs of individual customers, the bank’s main focus is to be the best bank when it comes to processing time of the loans to facilitate customer’s requirements, while making the repayment process as simple and as convenient as possible. Mashreq Egypt offers a number of auto loans schemes whereby the Bank finances up to 100% of the value of the vehicle with tenure up to 60 months at very competitive rates.

Pankaj Kundra, Head of Retail, Mashreq Egypt said, “We continue to offer truly unique financial solutions to our customers and this demonstrates our retail banking strategy. Our Auto Loan offers are designed to cater to customer needs with a variety of programs based on specific preferences. For example, our car insurance installments will be the first of its kind and set new standards in Egypt.”

Over the past 40 years, Mashreq has been consistently ahead of the competition in the development of new products and services, whether in foreign trade services, direct banking or comprehensive mortgage products. Through this convenient and innovative package, Mashreq aims to provide financial support and peace of mind to its customers in Egypt.