The Egyptian Arab Land Bank, one of the largest Egyptian commercial banks and one of the oldest banks operating in Jordan, celebrated the first year anniversary of its Car Loans Department, which offers customers the lowest car loan interest rates in the market as well as flexible terms and payment options to finance any new or used car. The anniversary celebration was attended by Mr. Hazem Yousef, Regional Manager of the Egyptian Arab Land Bank.

During the event, Mr. Hazem Yousef stated, "We are proud of the achievements of our Car Loans Department, which was established only one year ago. The objective of the department is to provide all our customers with a first class service that is both affordable and viable. We were able to achieve that objective in such a short period of time thanks to our hard working and dedicated staff members that have been continuously developing their skills and potentials through training."

He added, "Unlike other banks in Jordan, interest on car loans and other loans at the Egyptian Arab Land Bank is a declining interest, and we are fully committed to providing customers who receive a salary of more than JD 350, with fast and flexible loans as soon as they provide us with the required documents and meet the Bank's conditions."

The Egyptian Arab Land Bank's car loans are available at an affordable and viable rate and without an annual commission. The quick, easy and flexible procedures offered by the Bank give approved customers the opportunity for a long repayment period, with a grace period of 4 months, and up to 100 percent financing on any new or used car.