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Arab African International Bank – Tabeeb Loan

22%

Advertised Rate

3,150

Monthly Repayment

750,000

Loan Amount

Type of Loan - Salary Transfer

No Salary Transfer

With Salary Transfer

Features & Benefits

Loan Amount

750,000

Loan Term

up to 7 years.

Competitive Interest Rate

Free life insurance.

Requirements

  • Employees at companies that distribute payrolls with AAIB
  • Minimum age of 30 year-old and a maximum of 65 year-old
  • The customer should have an account with AAIB
  • Availability to increase the outstanding balance amount
  • The Loan Term 7 years and under specific conditions could be extended
  • The 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 750,000
  • The Loan Designed for doctors, pharmacists, pathologists and dentists

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 of stamp duty

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