Yes, you will be charged interest as well as processing fees and this will vary from bank to bank and depend on your total. 

  Interest Paid
Bank/ Months 3 6 9 10 12 18 24 30 36 48
Attijariwafa 1.60% 1.60%     1.60% 1.60% 1.60%   1.60%  
Banque Misr   1.70%     1.70%   1.70%   1.70%  
CIB   2.13%   2.13% 1.96% 1.96% 1.79% 1.79% 1.79%  
ENBD   1.50% 1.50%   1.50% 1.50% 1.50%   1.50%  
Alex bank   1.15%     1.15% 1.15% 1.15%   1.15%  
Bank Audi   1.75%     1.75% 1.75% 1.75%   1.75% 1.75%
Mashreq 23% p.a. 23% p.a. 23% p.a.   23% p.a. 23% p.a. 23% p.a.   23% p.a.  

 Please note that the full amount will be charged on your card on the day of the transaction.