Arab Investment Bank aiBANK – Personal Loan
EGP 2,783
Monthly Repayment
Up to 1,500,000 LE
Loan Amount
Loan Amount
Up to EGP 1,500,000
Loan Term
Up to 10 years.
15% interest rate if loan is paid within 5 years and 16% if paid within 10 years.
Requirements
- Egyptain residents only.
- Minimum age: 21 years old and maximum age: 60 years old.
Documents Required
- A copy of valid national ID
- HR letter / Salary Transfer Letter
- Recent utility bill
Fees & Charges
- 3% fees on past due instalments
- 2% administrative fees
- Early Settlement Fees: 5% on the outstanding balance
- Installment Postponement fees: EGP 75
This is a representative example of what an EGP 100,000 loan might cost: 15% APR Representative based on the 4-year loan option, then monthly instalment would be EGP 2,783. Total amount payable would be EGP 133,588.
