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Société Arabe Internationale De Banque SAIB – Business Owners & Professionals Loans

21%

Advertised Rate

3,096

Monthly Repayment

1.5M

Loan Amount

Type of Loan - No Salary Transfer

No Salary Transfer

With Salary Transfer

Features & Benefits

Loan Amount

Up to EGP 1,500,000.

Loan Term

Up to 10 years.

Competitive Interest Rate

Free life insurance.

Features

  • SAIB Businessmen and Professionals Loans is available for self-employed customers
  • Minimum age of 25 year-old and a maximum of 65  year-old
  • Borrower work  tenor should not  less than 2 years
  • The Loan is offered for Egyptians only
  • The minimum repayment period is 6 months

Documents Required

  • Valid National ID
  • Recent residence utility bill (maximum 3 months)
  • Bank Statment for last 6 months
  • Loan Application form
  • Taxation Card
  • Commercial registration
  • Profession license
  • The license of the establishment

Fees & Charges

  • 2.25% administrative fee for personal banking
  • 6% for early payment calculated on the unpaid amount
  • EGP 20 each month late payment fee per instalment
  • 0.0005% proportional stamp duty collected quarterly

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