Banque Misr – Secured Cash Loan

Requirements

• The highest credit ratio is 90% of the warranty value
• Minimum age of 21 year-old and a Maximum of 65 year-old

Documents Required

• Loan application form
• Valid National ID
• Recent residence utility bill (maximum 3 months)
• Certificate of commercial rulings (bankruptcy and protest)

Fees & Charges

• 1% administrative fee 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