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عربي
Arab African International Bank – Tabeeb Loan for Medical Equipments
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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