بنك مصر

Banque Misr – Personal Loan for Petrol Industries and Telecom Companies

15.5%

Advertised Rate

2,809

Monthly Repayment

Up to 1M

Loan Amount

Type of Loan - Salary Transfer

No Salary Transfer

With Salary Transfer

Features & Benefits

Loan Amount

Up to EGP 1,000,000.

Loan Term

Up to 8 years.

Competitive Interest Rate

Free life insurance.

Requirements

  • Employees  should not be at companies that distribute payrolls through Banque Misr
  • Minimum age of 21 year-old and a maximum of 60 year-old
  • The loan is applied for Government/Public, private sector employees, banks employees, petrol and petrochemical industries, and telecommunications companies

Documents Required

  • Valid National ID
  • Recent residence utility bill (maximum 3 months)
  • Minimum salary transfer period one month only
  • Loan application form

Fees & Charges

  • 1% administrative fee from EGP 100 up to EGP 100,000
  • 5% for early full/partial settlement
  • 24% late payment fee per installment calculated per year
  • 0.0005% proportional stamp duty collected quarterly

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