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Arab African International Bank – Cash Loan without Salary Transfer

16%

Advertised Rate

2,779

Monthly Repayment

1,500,000

Loan Amount

Type of Loan - Salary Transfer

No Salary Transfer

With Salary Transfer

Features & Benefits

Loan Amount

1,500,000

Loan Term

Up to 10 years.

Competitive Interest Rate

Free life insurance.

Requirements

  • Employees at companies that distribute payrolls with AAIB
  • Minimum age of 21 year-old and a maximum of 65 year-old
  • The customer should be employed at least 6 months
  • The customer should hold an account with AAIB
  • Minimum loan amount EGP 15,000 and up to EGP 1,500,000

Documents Required

  • Valid National ID
  • Recent residence utility bill (maximum 3 months)
  • Minimum salary transfer period one month only
  • Commitment letter to transfer the salary from the employer

Fees & Charges

  • 2.% commission fees
  • 5% for early full payment
  • 2% late payment fee per installment
  • 0.0005% every 3 months stamp duty

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