Ahly Club Membership Installment Card

The Ahly Club membership installment card came as a further step towards cementing the strong ties between Banque Misr and Al Ahly club. The Bank facilitated the payment of the Club’s membership fees through a payment card used to pay these fees over periodic installments. The card has the following advantages:

• Exempt from issuing fees
• Applications for the card can be handed in at Banque Misr’s branches at Al Ahly Club
• According to the client, the card can be issued with or without collateral
• Membership fees can be distributed over 48 monthly installments or 16 quarterly installments, with the lowest interest
• If the client would like membership access to all club branches, a minimum downpayment of  L.E 30,000 must be paid and Banque Misr can finance the remaining amount up to a maximum sum of L.E 50,000
• Periodic installments can be paid at any of Banque Misr’s branches, 24/7

 

Required Documents

1-     For cards based on asset collateral:

·        A letter from Al Ahly Club approving the client’s membership and mentioning membership fees and the required credit limit

·        Photocopy of personal I.D.

·        Letter from bank branch stipulating that it has secured the value of the asset collateral for the purpose of issuing the card including the required credit limit

2-     For cards based on personal collateral:

·        A letter from Al Ahly Club approving the client’s membership and mentioning membership fees and the required credit limit

·        Photocopy of personal I.D.

·        An original utilities bill (electricity/telephone/gas/water) in the client’s name or in the name of a first degree relative, with a document proving this relationship

·        Proof of income:

·        Employee: an income certificate ratified by the dealing bank

·        Commercial or industrial business owner: Copy of commercial registration letter and tax I.D

·        Freelancer: Photocopies of practice license, tax I.D, and syndicate membership card

·        Photocopy of rental or ownership contract of business practice location

·        Indication of banking activities, if available