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Arab African International Bank – Tabeeb Loan for Medical Equipments

21%

Advertised Rate

3,000

Monthly Repayment

1,000,000

Loan Amount

Type of Loan - Salary Transfer

No Salary Transfer

With Salary Transfer

Features & Benefits

Loan Amount

1,000,000

Loan Term

5 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
  • Availability to finance up to 80% from the equipment value
  • The customer should have an account with AAIB
  • The Loan Term 5 years and under specific conditions could be extended
  • Monthly installment could be deferred 3 times/year
  • Customer should not ask for a loan amount less than EGP 5,000 or more than EGP 1,000,000
  • The Loan is available for Doctors, pharmacists, pathologists and dentists
  • The loan could be used for clinics and laboratories renovations

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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