alexbank

ALEXBANK – Self Employed Loans

15%

Advertised Rate

2,735

Monthly Repayment

Up to 1M

Loan Amount

Type of Loan - with Salary Transfer

Employed Customers

Self Employed

Features & Benefits

Loan Amount

Up to EGP 1,000,000.

Loan Term

Up to 7 years.

Free Life Insurance

Mobile banking.

Requirements

  • Customer’s age between 21 Years and 65 Years at loan end
  • Minimum length of business: 2 years

Documents Required

  • Bank statement (12 months)
  • Recent extraction of the commercial register (maximum 3 months old)
  • Copy of valid national ID
  • Valid taxation card
  • Recent telephone, electricity or gas utility bill (maximum 3 months old)

Fees & Charges

  • 2% administrative fee for salaried and pensioner customers
  • 2.5% administrative fee for self-employed customers
  • 3%  (minimum EGP 200) early settlement fees for variable loans, 5% for fixed loans
  • 7% (minimum EGP 200) early settlement fee for draft cheque
  • 2% late payment fee above the applied interest rate on past due amounts with a minimum of EGP 30
  • EGP 30 I-Score fee
  • EGP 200 debit balance certificate
  • EGP 25 for a clearance letter
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