Minimum age of 21 year-old and a maximum of 60 year-old
The outstanding amount of the loan could be increased during the loan tenor via the “Top-up” program, could be raised to 1M based on income proof or bank statement
Customers should have completed the probation period
The availability of settling the customer’s financial obligations with other banks via a “buyout” program
No guarantor is required
Repayment in fixed installments at different tenors
The loan is offered in Egyptian pound only
Availability to check your account through the online portal
Documents Required
Valid National ID
Recent residence utility bill (maximum 3 months)
Bank Statment for last 6 months
Proof of income (HR Letter OR 3 months bank statements OR 3 recent salary slips)
Loan Application form
Syndicate ID
Profession license
Commercial registration
Taxation card
Fees & Charges
2% administrative fee for personal banking
5% for early payment calculated on the unpaid amount
2% and not less than EGP 100 each month late payment fee per installment
