Pilgrimage (Hajj) and Umrah loan

 

 

Pilgrimage (Hajj) and Umrah loan is granted to Egyptians through the following financing programs:

  • Employees working in ministries, government entities, the public business sector, the public and private sector, and or investment sector.
  • Self-employed workers as well as commercial and industrial activities owners.
  • Those to whom pension is due.
  • Saving schemes holders.

 

General conditions for granting the loan:

  • Competitive return rate.
  • The borrower’s age should be no less than 21-years-old and no older than 65 at the time of the maturity of the loan or when reaching retirement age, whichever is earlier for employees. The maximum age for pensioners, self-employed, and those who have their own commercial and industrial activities is 65 years old with no maximum rate for customers and with guarantee of savings scheme.
  • The maximum value of financing pilgrimage (Hajj) loan reaches up to EGP 400,000 (under certain conditions).
  • The maximum financing Umrah loan reaches up to EGP 100,000 (under certain conditions).
  • The financing percentage reaches up to 100% (under certain conditions).
  • The repayment period with regards to financing pilgrimage (Hajj) and Umrah reaches up to 120 months (under certain conditions).

 

Required documents:

  • An application form for pilgrimage and Umrah loan signed by the customer.
  • Copy of a valid photo ID.
  • An original copy of a payment bill sent to the customer's address.
  • A certified offer from the company/companies.

For employees:

  • A salary payroll is required.
  • Employer's pledge to transfer the salary/monthly installment (in case the employer accepts to undertake that).
For self-employed and commercial and industrial activities owners:
  • A copy of the license/permit to practice the profession (for the liberal professions).
  • A copy of the tax card.
  • A copy of a recent commercial offprint of the same month from the commercial registry (for commercial and industrial activities).
For pensioners:
  • A statement of value of the monthly pension transferred to the bank (in case the pension is transferred without the entity’s pledge).
  • General Authority for Social Security and Pensions or the concerned entity’s pledge to transfer the pension (in case the entity undertook transferring the pension).

 

Additional benefits:

  • The customer is granted a free life insurance document throughout the period of the loan.

 

 

* Terms and conditions apply.