بنك مصر

Banque Misr – Personal Loan With Proof of Income (Payroll)

16.5%

Advertised Rate

2,860

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 at companies that distribute payrolls through Banque Misr
  • Minimum age of 21 year-old and a Maximum of 60 year-old
  • Egyptian nationality

Documents Required

  • Valid National ID
  • Recent residence utility bill (maximum 3 months)
  • Recent Salary certificate letter ( maximum 2 months)
  • Minimum salary transfer period one month only
  • Loan application form

Fees & Charges

  • 2% administrative fee
  • 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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