Arab African International Bank – Tabeeb Loan for Medical Equipments

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