Installment Cards

Banque Misr – El Araby Card

If you:

• Are an employee with a stable income
• Have a savings scheme at Banque Misr
• Are a freelancer or a business owner

You can buy any electronic appliances using an installment scheme from all El Araby outlets and accredited distributors through receiving a loan for this purpose from Banque Misr in the form of a credit card. The card has the following advantages:

 

• You can apply for the installment card at any Banque Misr branch
• Card can be used for purchasing durable and electronic goods from El Araby sales outlets and from many of the company’s accredited distributors across Egypt
• Value of purchases is spread over 24 monthly installments with no downpayment and low interest rates
• Monthly installments can be paid easily with the card at any Banque Misr branch or ATM

Required Documents

1- For cards based on asset collateral:

·        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:

·        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

 

Banque Misr Premium Card

The Bank issued this installment card in co-operation with Premium Company, with the followi

ng advantages:

• Issued at all Banque Misr branches for Visa and MasterCard cardholders
• Cardholder can shop at many commercial outlets and distribute purchase values over 10 months at zero interest
• Card is issued with an additional credit limit separate from Visa’s or MasterCard’s credit limits
• Monthly installment value is debited on client’s Visa or MasterCard credit card

Mobile Shop Installment Facilities for Banque Misr Credit Card Holders

Mobile Shop provides an installment facility to make it easier for Banque Misr’s clients to fulfill their mobile phone purchase needs. Advantages of this facility include:

• Possibility of buying any type of mobile phone using Banque Misr credit cards at any Mobile Shop branch
• Value of purchases is spread over 6-month installments, with installment values debited from client’s credit card account
• Further purchases can be made within the value of the installments that have been already paid by the client, which enables the client to continue benefiting from this facility